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Rera Compliance - Quarterly Updation

"It is not just a compliance, it is a Marketing Tool"

It goes without saying that it is essentially very tiresome and time-consuming for a Promoter to keep up with the ever-increasing number of Rera compliance with the added pressure to ensure the timely completion of the project.

With experience in handling Rera compliance of more than 800 projects spanning across the state, we here at Rera Easy take this responsibility off your shoulders by handling the process of Updating on a Quarterly basis along with other compliances.

One of the stated goals of the MahaRERA Act is to protect buyers’ interests and promote transparency amongst various stakeholders to ensure the same.

To accomplish this goal, Section 11 of the MahaRERA Act, states the duties of a promoter and establishes the fact that the Promoter’s role does not end with MahaRERA Registration.

Notably, the essential duties of a Promoter mentioned in the act are as follows:

  • Updating of Quarterly project progress reports in every 90 days – (Form 1) Architect Certificate.
  • Ensure the regular updating of Cost Estimations through the use of – (Form 2) Engineer Certificate.
  • (Form 3) CA Certificate.
  • Periodically update the costs incurred and the valuation of sold inventory with
  • Updating the Annual Rera Audit Report – (Form 5)- Annual report on the statement of accounts from Statutory auditor.
  • Upload and Update Disclosure of Inventory
  • Update CC and Plans
  • Update MahaRERA Profile

Upon non-performance of this Rera compliance, the regulating authority can levy a penalty of up to 5% of the total estimated cost which can jeopardize the entire project. In addition to it, the MahaRERA search engine has garnered the status of one of the most trusted Property listing sites where buyers can expect authentic information about the project and its promoters.

It goes without saying that it is essentially very tiresome and time-consuming for a Promoter to keep up with the ever-increasing number of Rera compliance with the added pressure to ensure the timely completion of the project.

Looking for someone to hand over the burden of RERA compliance to?

With experience in handling MahaRERA compliance of more than 800 projects spanning across the state, we here at Rera Easy take this responsibility off your shoulders by handling the process of Updating on a Quarterly basis along with other Rera compliance.

Want us to help with all your pending and upcoming compliances? Connect with us today.