Important dates and compliance milestones under RERA.
Author: Editorial Desk
Introduction:
Important Dates & Schedules under RERA
Sl No | Provision of the RERA Act | Details | Section |
1 | Prior Registration of Real Estate Project | Obtain the RERA registration on receipt of the Sanctioned plan (may be postponed if the intention is not to sell immediately) | Sec 3 / Sec 4 |
2 | First time Update / Post Registration | On registration of the Project | Sec 11 |
3 | QuarterlyUpdates | Within 15 days from the end of each Quarter | Sec 11 read with Rules |
4 | Annual Audit of Accounts | Within 6 months from the end of financial year | Sec 4(2)(L) (D) |
5 | Obtaining Professional Certificates – 1. Architect, 2. Engineer, and 3. Chartered Accountant | Certificates need to be obtained from registered Engineers, Architects and Practicing Chartered Accountants. The same needs to be submitted for each withdrawal of funds from the RERA Designated bank account. | Sec 4(2)(L) (D) |
6 | Reporting of Completion | On completion of Reporting of Completion On completion of 100% development (internal and development) works in the project. Report within the same quarter of completion | Circular |
7 | Application for Extension of End date for the project | Within 3 months before the end date of registration | Sec 6 read with Rule |
8 | Modification of Application | Prior / postapproval of the authority for any modification in the Registration Application depending on the modification/ amendment. | Sec14 |
9 | Formation of Association of Allottees | shall be formed within three months of the majority of allottees having booked the plot/ apartment | Sec 11 |
10 | Transfer of Title | Within three months from the date of issue of occupancy certificate. | Sec 17 |
11 | Refund/Return of amount on Cancellation | Within 30/60 days of Such Cancellation | Sec 18 read with Rule |
12 | Conveyance of plot/apartment | Conveyance deed after receipt of Occupancy certificate | Sec 17 |
13 | Hand- over a. the necessary documents b. plans c. including common areas to the association of the allottees | within thirty days after obtaining the occupancy certificate | Sec 17 |
14 | Structural Defect warranty by the Promoter | Five years from the date of handing over to the allottee | Sec 14 |
15 | Attend to Structural Defect by the Promoter | Promoter to rectify such defects without further charge, within thirty days from the date of notice | Sec 14 |
16 | Grant of Registration by the authority for the real estate project | Within 30 days from the date of application | Sec 5 |
Conclusion:
Disclaimer:
Related Articles
We help you build your real estate brand, avoid penalties, and most importantly, go-to-market faster.
Insights
In 2025, this goal remains crucial as real estate continues to play a major role in India’s economy
Insights
