Setting your Financial Practice right from the start

Under RERA, financial compliance is way beyond basic reporting of numbers and audits. Successful developers, promoters and builders engage RERA-specialized financial consultants from day one — making sure all the transactions adhere to the right practices, followed by compliance, fund management and reporting.

Strategic Financial Consulting that aligns with RERA mandates

RERA has transformed financial management in real estate. Developers, promoters and builders are now required to maintain strict financial discipline, including filing of quarterly updates, withdrawal of funds from the separate project bank account and periodic disclosures. Our specialization ensures that compliance isn’t just a box to tick — it becomes a strategic tool for your project.

Quarterly & Annual Audits
As per the RERA mandate, quarterly updates – RERA Section 11(1) and Annual Audits – RERA Section 4(2)(I)(D) are required to be filed within a stipulated timeframe. Given the stringent requirements, our team will set you up on the compliance path right from the initial stage of project start date to completion.
RERA mandates a designated bank account for project funds. As strategic advisors, we help developers manage project-specific funding, effective cash flow management. Additionally, we advise in maintaining the separate project bank account and financial forecasting to meet project milestones.
Professional certificates from Chartered Accountants, Architects and Engineers are essential under RERA to utilize project specific. These certificates become crucial for a structured and proportional release of funds for the goal of timely project completion.

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    All your questions answered

    As per RERA, the requirement is that of a separate bank account that must be opened for real estate projects and it is not an escrow account. Developers must deposit 70% of the money collected from homebuyers and which can be utilized in proportion to the percentage of completion/progress of the project development.

    Quarterly updates) and annual financial audits need to be submitted from the time of RERA registration till the project completion. Quarterly updates give status of project, sales, document amount realized, project spends and bank balances. Annual audits are more elaborate and must be audited and approved by external Chartered Accountants.

    Apart from compliance and transparency, our RERA experienced advisors are aware of the challenges and requirements of a real estate project. Our strategic planning techniques will make your project’s finances sustainable and overall smooth financial operations.