Sponsored
Article explains Important Due Dates and timelines under RERA explaining Provision of the RERA Act for which compliance is needed, Details of such compliance with timeline and Relevant Section & Rules.
| 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 | Quarterly Updates | 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 –
a) Architect, b) Engineer, and c) Chartered Accountant |
Architect, Engineer, and Chartered Accountant in Practice certificates shall be obtained for each withdrawal of funds from the RERA Designated bank account. | Sec 4(2)(L)(D) |
| 6 | 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 Application | Prior / post-approval of the authority for any modification in the Registration Application depending on the modification/amendment. | Sec 14 |
| 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 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 |
Auhtor is a Chartered Accountant and can be rachable on vinay@vnv.ca
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
Author Bio
What is RERA timetable and how to access it through RERA website ? Or else is it required to be obtained from developer only ? Kindly share your views.