Details

The Real Estate (Regulation and Development) Act, 2016 (RERA) was enacted to enhance transparency and accountability in the real estate sector. The Act mandates registration of projects and agents, disclosure of financial and project-related information, and adherence to compliance timelines. Developers, promoters, and real estate agents are required to meet various obligations under their respective State RERA Authorities.

Tanmeetkaur Arora and Associates provides assistance in navigating the regulatory framework under RERA, from registration to periodic reporting and financial certifications.

Scope of Services

Project and Agent Registration

• Assistance in preparing and filing RERA registration applications for real estate projects

• Guidance on eligibility criteria, documentation, and declarations

• Registration and renewal of real estate agents with the appropriate RERA Authority

• Coordination with State-level RERA portals and helpdesk correspondence

Financial Compliance & Reporting

• Preparation and certification of quarterly and annual progress reports

• Certification of project-wise funds utilization and withdrawal from separate bank accounts

• Issuance of CA Certificates in prescribed RERA formats (e.g., Form 3)

• Reconciliation of project receivables and expenses for reporting

Advisory on Ongoing Obligations

• Advisory on updating project status, timelines, and revisions as per RERA guidelines

• Review of agreements for sale and allotment to ensure legal compliance

• Support in replying to queries, notices, or audit requirements raised by RERA Authorities

• Guidance on grievance redressal, project delay disclosures, and exit formalities

Regulatory Framework

• Real Estate (Regulation and Development) Act, 2016

• State-specific RERA Rules and Regulations

• Guidelines issued by RERA Authorities in respective jurisdictions

Key Considerations

• All certifications and filings are based on client-provided records and statutory formats

• Timely submission of compliance reports helps avoid penalties and suspension risks

• Our approach emphasizes legal accuracy, audit readiness, and proper documentation

Our RERA compliance services aim to support real estate stakeholders in fulfilling statutory duties while maintaining transparency and financial discipline in accordance with the law.