RERA Compliance Advisory

RERA Filings

Quick Reference for Your Business

What Is Filed · Due Dates · Penalties – everything you need to know about RERA Filings.

01

What Is Filed & Who Must Register

Registration Requirement

Projects with building permission on or after 01-01-2017 must register (exempt: land up to 500 sq.m or up to 8 units, or pure renovation).

Quarterly Progress Reports

Form 1 (Architect), Form 2 (Engineer), Form 3 (CA Certificate) plus flats sold / booked status.

70% Escrow Rule

70% of buyer collections must be kept in a separate project (escrow) account.

Agent Registration

Real estate agents must register — valid 5 years.

02

Information / Documents to Provide

Project RERA registration number

and portal login

Architect's certificate (Form 1)

and Engineer's certificate (Form 2)

Project bank account statements

Collection, the 70% separate account, and free account

Cost incurred and amount withdrawn

for the quarter

Flats sold / booked / leased

with amounts received

Construction progress (%)

against the RERA checklist

03

Due Dates (Quarterly Updates)

QuarterLast Date
Jan — Mar15 April
Apr — Jun15 July
Jul — Sep15 October
Oct — Dec15 January

 File each quarterly update within 15 days of the quarter end. The CA certificate (Form 3) and the 70% escrow are the two points TG-RERA watches most.

04

Penalties

Project not registered

Penalty up to 10% of the project cost continued violation — imprisonment up to 3 years and / or a further 10%.

Agent not registered

₹10,000 per day, up to 5% of the project cost.

Quarterly updates not filed

Action under the Act — registration can be suspended or revoked.

05

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