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RERA: Importance of Year End Reconciliation under Various Statues

July 7, 2023 1299 Views 1 comment Print

Understand the significance of Year-End Reconciliation in the Real Estate sector under RERA. Explore key aspects like project registration, financial management, compliance checklists, and reconciliation with stakeholders. Ensure accurate reporting to comply with legal, regulatory, and accounting requirements.

Means of Finance / Source of Funds under RERA 2016

July 7, 2023 2757 Views 1 comment Print

RERA is a central law aimed at regulating and Development of the Indian real estate sector and safeguarding the interests of home buyers. RERA Act lays down strict norms for the promoters (builders and developers) to ensure transparency and accountability in their transactions with Allottees (customers and other stakeholders).

Extension of end date/completion date of Real Estate Project as per Section 7(3) of RERA Act 2016

June 9, 2023 10386 Views 1 comment Print

Explore the intricacies of extending the completion date of a real estate project under Section 7(3) of the RERA Act 2016. Understand the application process, required documents, and conditions imposed by the RERA Authority. Stay compliant with RERA regulations for a seamless project development.

Revocation of RERA registration under Section 7

May 6, 2023 6834 Views 0 comment Print

Section 7 of the RERA Act empowers the RERA Authority to revoke the RERA registration on receipt of complaint or suo motu or on the recommendation of the competent authority

Modification of Plan- RERA – Section 14 – Adherence to sanctioned plans & project specifications

March 21, 2023 9558 Views 0 comment Print

Section 14 of RERA Act 2016 aims at protecting Allottees as against any changes being made either to specifications of individual unit or changes to sanctioned plans (as approved by planning authority) of Project at large, unilaterally, by Promoter.

Promoter’s Functions and Duties under RERA Act 2016

March 7, 2023 14760 Views 0 comment Print

Learn the essential functions and duties of promoters under the RERA Act 2016, ensuring compliance and transparency in the real estate sector. Expert insights provided.

Details of Karnataka RERA (General) Regulations, 2022

January 27, 2023 9975 Views 0 comment Print

Unlock insights into Karnataka Real Estate Regulatory Authority (RERA) with the 2022 General Regulations. Explore details on project registration, financial transparency, certification formats, and compliance. Stay informed to navigate the complexities of real estate regulations.

Land Owner – Promoter under RERA Act 2016

December 6, 2022 30387 Views 1 comment Print

Discover the importance of the Land Owner – Promoter role under the RERA Act 2016. Learn how this regulation aims to bring professionalism and accountability to the real estate sector.

Karnataka RERA Audit 2022 New Form 7

December 6, 2022 6054 Views 0 comment Print

Learn about the Karnataka RERA audit requirements for 2022. Discover the new Form 7 and understand how to comply with financial and project regulations.

Online Module for Submission of Form 7 – Annual Report on Statement of Accounts

December 6, 2022 5040 Views 0 comment Print

Learn about the new online module introduced by Karnataka RERA for submitting Form 7 – Annual Report on Statement of Accounts.

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