RERA i.e. Real Estate Regulatory Authority which is established under the Real Estate Act, 2016 is for the purposes of protecting home-buyers & for boosting investments in the real estate industry. The aim is to bring transparency and accountability towards customers. RERA is established in every state having respective rules & requirements.
So, various mandatory compliances are also provided in the Act which is as follows:
• Filing Quarterly update with RERA.
• Audit of financials & filing with RERA.
• Annual filing.
Our professionals will help you in fulfilling all the necessary compliances.
| CREDIBILITY & TRANSPARENCY | Proper compliance according to the law raises its credibility & increases transparency in the eyes of customers & government as well. |
| CLIENT ASSURANCE | Regular compliance results in assuring the customers about the promises made by the broker, promoter, builder, etc. |
| COMPETITIVE ADVANTAGE | Regular compliance gives a competitive edge in the market. It can be used in advertising the business & assuring the investors or customers about the company’s business. |
| CORRECTNESS OF DATA | Regular compliance by the companies ensures that the data collected for annual compliance is correct. |
| AVOIDING PENALTIES | Ultimately, regular compliance results in avoiding heavy penalties provided in case of contravention. |
1. Quarterly details of the project
2. Financials of the Project
3. Other necessary information as required
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Vijaya, Employee
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Inamul Hashmi, Businessman
