Ongoing RERA Compliance Services

Obtaining the RERA registration number is only the first step in a project's legal journey. Under the real estate act, developers are legally obligated to maintain continuous compliance throughout the construction lifecycle. This includes updating the project status on the public RERA portal every quarter, ensuring that 70% of the funds are deposited and utilized correctly from the escrow account, and filing annual audit reports. Non-compliance results in show-cause notices, freezing of the project bank account, suspension of the registration certificate, and severe monetary fines. Our compliance division provides developers with a dedicated account manager to compile, verify, and upload all quarterly milestones, certifications, and financials seamlessly.

A critical pillar of continuous RERA compliance is the annual financial audit. Promoters must get their project accounts audited by a practicing Chartered Accountant within six months of the end of the financial year. The CA must submit Form 5 (or the state equivalent), certifying that the funds collected for the project have been utilized exclusively for construction and land costs, and that withdrawals correspond with the physical progress of the project. We offer integrated compliance management, coordinating with project architects, engineers, and financial auditors to ensure every filing is accurate and submitted ahead of schedule.