Real Estate (Regulation and Development) Act, 2016 and The Uttar Pradesh RERA Rules, 2016
UP RERA- Compliances- Quarterly Updates
(Chapter III, Sec-11 (1), Rule-14(1)), (Chapter IV, Rule-14(1)(d)
UPLOAD the following updates on Webpage for the project < 7 days (available only for 15 days) after each Quarter ending;
(a) Details of registration granted by Authority (rule 14(1)(b)(i)(C)
(b) Bookings No. & Types of Flats / Apartments/Plots, (rule 14(1)(d)(i)
(c) List of Garage (Parking) booked / closed parking (rule 14(1)(d)(ii)
(d)List of Approvals taken & Pending subsequent to commencement certificates (rule 14(1)(d)(iv)
(e) Status of project;
(A) Construction of each building with Photographs
(B) Construction of each floor with Photographs
(C) Construction of each internal Infrastructure & common areas with Photographs
(f) Status of Projects-(additionally)- (rule 14(1)(d)(iv)
(A) CA Certificate,
(B) Architect Certificate &
(C) Engineer Certificate
(g) status of approvals; Received , applied & expected date of receipt, to be applied & date planned for application, Modifications, amendment, revisions issued by competent authority as to license, permit / approval for the project
♦ Mention (Chapter III, Sec-11 (2))
In Advertisement / Prospectus mention the website address of the authority, wherein all details of registered project entered and registration no obtained from authority and other matters incidental thereto .
♦ Display (Chapter III, Sec-11 (3))
At the time of booking and issue of allotment letter ,make available to allottee;
(a) approved Sanctioned plan, layout plan with specification by display at site
(b) Stage wise time schedule of completion of project including civil infrastructure like water, sanitation & electricity
UP RERA- Compliances- Annually Updates /Reports
(Chapter II, Sec-4(2)(l)(D))..3rd proviso;
(a) Get his accounts audited within 6 months after end of every F/year by Chartered Accountant (CA) in practice, and
(b) Produce a statement of Accounts duly certified & signed by such CA, and
(c) Verified during audit that amounts collected for a particular project have been utilized for that project, and
(d) Withdrawal has been in compliance with proportion to the % of completion of Project.
(Author can be reached at +91 8802253937, [email protected], [email protected])
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