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Quarterly Updates RERD Act

Act and Rules mandate that the Promoter of every registered real estate project shall file the quarterly updates. Such update is required to be completed within the due dates mentioned as per respective Rules of the states,to avoid any violation of mandatory provisions of the Act and Rules.

Act and Rules mandate that the Promoter of every registered real estate project shall file the quarterly updates. Such update is required to be completed within the due dates mentioned as per respective Rules of the states, to avoid any violation of mandatory provisions of the Act and Rules.

Such updates include providing details of progress of development of project, financial aspects of collections and spending of money, professional certificates, photographs, sold and unsold inventory etc. At RERA consultants LLP, utmost care is taken while collection of information, documents, validation, scanning and preparing of documents for filing of updates. Information is duly verified by professionals like CA’s Architects, Engineers, advocates on case to case basis while filing of quarterly updates with RERA Authorities. RERA consultants LLP’s timely reminders will help the Promoter’s to prepare and submit the Quarterly updates accurately within the stipulated time.

Specialising Experts on this Area

E Suhail Ahmed

Legal Consultant

  • rera@trialbase.in

Vinay Thyagaraj

Financial Consultant

  • rera@vnv.ca

COVID 19 extension of 6 months / 9 months are applicable for the completion of development in the project. i.e., End date is extended without collection of additional fees by the Authority. However, for the purpose of allottees, all clauses in the agreement shall prevail and valid irrespective of COVID 19 extension by the RERA Authority.

IF OC received in march 2019, Is quarterly update needed for April to June 2019?

Yes, Allotment letter, Sale Agreement and Sale Deed shall be in compliance with RERA Act (e.g., conveyance of Carpet Area etc). Contact your legal counsel/Advocate/Consultants for RERA Complied Allotment letter, Sale Agreement and Sale Deed.

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