RERA Compliance for Promoters — Quarterly and Annual
Registration is only the start. RERA compliance for a registered project means a quarterly update within 15 days of each quarter, a 70% separate account with certified withdrawals, and an audit within six months of the year end. We keep the books and filings on schedule.
What it is
RERA compliance is the set of duties a promoter carries after a project is registered under the Real Estate (Regulation and Development) Act, 2016. Under Section 11(4)(a), the promoter stays responsible for all obligations under the Act and rules until conveyance to allottees is complete.
If you are still at the registration stage, start with our RERA project registration page. This page covers what comes next: the quarterly webpage update, the separate bank account, certified withdrawals, the annual audit and the extension if the project runs late. In Haryana, the Rules of 2017 and the directions of HRERA Gurugram and HRERA Panchkula apply.
Who it applies to
You hold a registered project
You are running behind on completion
You inherited messy project books
Why it matters
Buyers can see your progress
Your withdrawals stay defensible
Penalties stay off the table
Documents required
Quarterly update
- List of apartments or plots booked, by type
- Construction status of each building, with photographs
- Approvals received, applied for and pending
Account and audit
- Statement of the separate 70% account
- Project-wise books of receipts and spends
- Certificates from the engineer, architect and a chartered accountant in practice
Extension, if needed
- Form REP-V
- Explanatory note on the reasons for delay
- Supporting papers, such as court orders or government notices
How it works
Map every duty to a date
We list your quarterly dates, audit deadline, registration expiry and any HRERA direction that applies to your project, and put them in one calendar.
Keep project-wise books
Each project gets its own books, with the 70% account kept separate. This is the base for every certificate and every update.
Prepare the quarterly update
We collect booking data, photographs and approval status from your team, draft the update, and enter it on your project’s HRERA webpage within 15 days of quarter end.
Support the certificates and audit
The engineer and architect issue their own certificates. A chartered accountant in practice signs the CA certificates and the annual audit. We prepare the schedules and answer queries.
The 70% account and certified withdrawals
Section 4(2)(l)(D) is the heart of RERA compliance. Seventy per cent of the amounts realised from allottees, from time to time, must go into a separate account in a scheduled bank. It can be used only for the cost of construction and land.
Withdrawals are allowed only in proportion to the percentage of completion, certified by an engineer, an architect and a chartered accountant in practice. Say a Faridabad promoter collects a booking instalment on 10 April. Seventy per cent of it goes to the separate account the same week, not at year end.
Here is the catch: other bank accounts do not count. If receipts land in the general account first, you need a clear trail showing the transfer.
Compliance calendar at a glance
| Duty | When | Source |
|---|---|---|
| Quarterly webpage update | Within 15 days after each quarter | Section 11(1); Rule 14, Haryana Rules 2017 |
| Audit of accounts | Within six months after each financial year | Section 4(2)(l)(D) |
| Extension of registration | Apply within three months before expiry; half the original fee | Rule 6, Form REP-V |
| Build as sanctioned | Throughout the project | Section 14(1) |
Timelines
15 days after each quarter
Six months after the year end
Three months before expiry
What happens if you miss RERA compliance
Up to 5% for breaches
Daily penalty after orders
Stuck withdrawals and complaints
Frequently asked questions
What is RERA compliance after project registration?
It covers the duties that start once your project is registered: the quarterly webpage update under Section 11(1), the 70% separate account under Section 4(2)(l)(D), certified withdrawals, the annual audit and any extension. The promoter stays responsible until conveyance is complete. We set a calendar for each duty and keep the paperwork ready.
How often must a promoter update the HRERA webpage?
Every quarter. Rule 14 of the Haryana Rules, 2017 requires the update within 15 days after the quarter ends. It lists apartments or plots booked, construction status with photographs and approvals received or pending. Missing it can invite a penalty. We prepare each update from your team’s data so it goes in on time.
What is the 70% rule under RERA?
Section 4(2)(l)(D) requires 70% of the amounts realised from allottees to be deposited in a separate account in a scheduled bank. It can be used only for construction and land cost. Withdrawals must match the percentage of completion and be certified. We keep project-wise books so this is easy to prove.
Who signs the certificates for withdrawals and the audit?
An engineer, an architect and a chartered accountant in practice certify each withdrawal. A chartered accountant in practice also signs the audit of accounts. Taxhint prepares the schedules and books behind these certificates and coordinates with the professionals who sign. Where your project needs a signature, a qualified professional provides it.
When is the annual audit of a RERA project due?
Within six months after the end of the financial year, under Section 4(2)(l)(D). For a financial year ending 31 March, that means 30 September. The audit must show that money collected for the project was used for it. We prepare the project-wise schedules early so the auditor is not left waiting.
Can a RERA registration be extended?
Yes. Rule 6 of the Haryana Rules lets you apply in Form REP-V within three months before expiry, paying half the original registration fee and giving an explanatory note on the delay. Force majeure or court orders can support the case. Apply early; we prepare the note and papers.
What is the penalty for not following RERA rules?
Section 61 provides up to 5% of the estimated project cost for other contraventions. Section 63 adds a ₹5,000 daily penalty for ignoring the Authority’s orders, up to 10% cumulatively. Registration itself is separate: skipping it can attract up to 10% under Section 59. Tell us where you stand and we plan a catch-up.
Does RERA compliance differ for Gurugram and Faridabad projects?
Yes, in format. Haryana has two authorities, HRERA Gurugram and HRERA Panchkula, and Faridabad projects are registered with Panchkula. Each authority issues its own regulations and directions. We follow the format that applies to your project and check the authority’s current directions before filing.
What it costs
Our fee plus the government fee that applies to your case, quoted before you commit. Tell us the situation and we will price it exactly.
RERA compliance is usually priced per project, covering the quarterly updates and book-keeping for the year. The Authority’s extension fee is half the original registration fee under Rule 6. We have not found a separate government fee for a routine quarterly update; the extension fee is the main charge to the Authority.
Ready to begin?
Share your registration number and last update date, and we will build your RERA compliance calendar.