UP RERA Compliances – Quarterly / Annually

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, maha_prsd@yahoo.co.in, camsprasad@gmail.com)