Quarterly Updates on the RERA Portal
The Real Estate (Regulation and Development) Act, 2016 obliges the promoter of every registered project to keep its web page on the RERA authority's website updated quarterly with the units and garages booked, the approvals taken and pending, and the status of the project.[1]The forms and certificates that accompany these updates are set by each state's rules and regulations. Project teams that treat the quarterly update as a one-off upload at quarter-end end up reconciling rushed figures against their schedule of values. The disciplined approach is to keep a single source of truth — a structured schedule linked to the BOQ and the contractor billing cycle — so that the same numbers that drive invoicing feed the statutory upload.
The Separate Account and the Seventy-Percent Rule
Section 4(2)(l)(D) requires promoters to deposit seventy percent of the amounts realised from allottees into a separate account in a scheduled bank, to be used only for construction and land cost. Withdrawals must be in proportion to the percentage of completion and certified by an engineer, an architect and a chartered accountant in practice, and the accounts must be audited within six months of the end of each financial year.[2]Because the bank, the certifying professionals and the state RERA authority all need the same completion numbers in slightly different formats, a reliable workflow stores each withdrawal certificate as a versioned artefact alongside the BOQ and the bank reconciliation, so any party can be satisfied from one record.
Defect Liability, Title, and Post-Handover Records
Under section 14(3), a structural or workmanship defect that an allottee reports within five years of handing over possession must be rectified by the promoter free of charge within thirty days, failing which the allottee is entitled to compensation.[3]That five-year window makes handover-day documentation as important as the construction record itself. Project teams that close out with a structured defects register, a verified encumbrance certificate dated to the day of registration, and a digital copy of the approved building plan can answer those claims from records rather than memory. Treating the handover package as a deliverable on the master schedule — not a side-task for the project manager — is the difference between a clean closure and a series of avoidable disputes.
Sources
- Real Estate (Regulation and Development) Act, 2016, section 11(1) — Indian Kanoon (statute text)
- What it says:
- The promoter's web page on the Authority's website must be updated quarterly with units booked, garages booked, approvals taken and pending, and the status of the project.
- Rights:
- Act of Parliament; section cited and paraphrased, text not reproduced
- Retrieved:
- 2026-09-23
- Real Estate (Regulation and Development) Act, 2016, section 4(2)(l)(D) — Indian Kanoon (statute text)
- What it says:
- Seventy per cent of amounts realised from allottees must go into a separate account in a scheduled bank, used only for construction and land cost; withdrawals in proportion to completion, certified by an engineer, an architect and a chartered accountant in practice; accounts audited within six months of each financial year end.
- Rights:
- Act of Parliament; section cited and paraphrased, text not reproduced
- Retrieved:
- 2026-09-23
- Real Estate (Regulation and Development) Act, 2016, section 14(3) — Indian Kanoon (statute text)
- What it says:
- Structural and workmanship defects notified by the allottee within five years of handing over possession must be rectified by the promoter free of charge within thirty days, failing which the allottee is entitled to compensation.
- Rights:
- Act of Parliament; section cited and paraphrased, text not reproduced
- Retrieved:
- 2026-09-23