What Is This Module For?
The RERA module helps real estate developers and agents manage their compliance obligations under the Real Estate (Regulation and Development) Act, 2016 (RERA) — including project registration and quarterly updates.
Which Law Requires This?
- RERA 2016, Section 4 — Every promoter must register their project with the State RERA Authority before advertising or selling.
- RERA 2016, Section 11(1) — Promoters must update the RERA portal with project status quarterly — progress, financials, and completion timeline.
Penalty: Failure to register or non-compliance can attract penalties up to 10% of the project cost. Repeated violations can result in imprisonment up to 3 years.
Step-by-Step Guide
- Go to RERA in the sidebar.
- Add each registered project — enter RERA registration number, state authority, project name, registered address, and registration expiry date.
- dcomply auto-schedules quarterly update reminders (15th of April, July, October, January).
- Record each quarterly update — units sold, funds in escrow, and construction progress percentage.
- Track registration expiry dates — RERA registrations typically expire with the project completion date. Extension applications must be filed before expiry.
Common Mistakes to Avoid
- Missing quarterly updates — Even a single missed quarterly update can result in a penalty notice from the State RERA Authority.
- Not tracking escrow compliance — 70% of collections from buyers must be maintained in a dedicated RERA escrow account.
Frequently Asked Questions
Q: Does RERA apply to plotted development?
A: Yes. Plotted development projects above 500 sq.m. or more than 8 units require RERA registration in most states.