RERA Registration Project Requirements
RERA Registration Project Requirements
RERA Registration Project Requirements
OF
THE INSTITUTE OF CHARTERED
ACCOUNTANTS OF INDIA
Workshop on RERA-
Registration of Project
Requirements
CA Vyomesh Pathak
25 May 2019
1
Framework of RERA
2
Framework of RERA
Section Provisions of the Act
79 – 92 Miscellaneous Provisions:
Bar of Jurisdiction, Power to make Rules & Regulations, Act to have overriding
effect over other Acts,
Repeal of MOFA 2012
3
Framework of MAHA RERA
Sr Rules and Regulations
4
Pivotal pillars of the Act
Real Estate Act
Accountability
Transparency
Compliance
discipline
Customer
Financial
centricity
Improve the perception of the sector among various stakeholders
COMMERCIAL and Land under development MORE Projects which do not have
RESIDENTIAL projects including THAN 500 SQ MTS / NO. of COMPLETION CERTIFICATE
PLOTTED DEVELOPMENT UNITS exceed 8 before commencement of ACT
RENOVATION or REPAIR or REDEVELOPMENT projects not involving Marketing, Advertising, Selling & New
Allotment NEED NOT BE REGISTERED
5
Fiscal discipline wil play a critical role in project Real Estate Act
Accountability
Transparency
Compliance
Customer
discipline
centricity
Financial
What it entails
6
Structured communication is required to furnish Real Estate Act
Accountability
Transparency
Compliance
all project related information to the customers
Customer
discipline
centricity
Financial
What it entails
No launch or
Informing
No arbitrary advertisement
allottees about Consent of 2/3rd
cancellation of before
Project any minor allottees for
units by registration with
completion time addition or transferring
promoter RERA
frame alteration majority rights to
3rd party
7
A PMO would be required to track and monitor Real Estate Act
Accountability
Transparency
Compliance
developments as per the defined project plan
Customer
discipline
centricity
Financial
What it entails
Accountability
Offence by an officer
Every officer of a company,
committed with the consent
Quarterly update of project who was in charge or
or connivance of any
progress along with pending responsible will be liable for
director, manager, secretary
approvals on RERA website the conduct of the company
or other officer of the
and deemed to be guilty
company, will also be guilty
8
CRM would help to enhance customer Real Estate Act
Accountability
Transparency
centricity focus
Compliance
Customer
discipline
centricity
Financial
What it entails
No false statements or
Informing allottees for any
commitments in
minor addition or alteration
Unbiased interest on delays advertisement
9
Registration of all projects & agents and a Real Estate Act
Accountability
Transparency
strong dispute management required
Compliance
Customer
discipline
centricity
Financial
What it entails
Registration of
Mandatory
agents/brokers with Dispute resolution registration of new
RERA within 6 months at
and existing projects
Authenticated copy of RERA and RERA
with RERA before
all approvals, Timely updating of appellate tribunals launch
commencement RERA website
certificate, sanctioned
Compliance
10
Registration of a Project
11
Registration of new projects
Registration details to be provided
12
Registration of new projects
Registration details to be provided
13
Registration of new projects
Registration details to be provided
Land details Legal title deed reflecting the title of the promoter to the land
Legally valid documents with authentication of land title if such
land is owned by another person
Details of encumbrances on land
In case of JV, copy of collaboration agreement, development
agreement, JV agreement etc.
Land title search report from an advocate with 10 years experience
14
Registration of new projects
Registration details to be provided
15
Registration of new projects
Registration details to be provided
Project details Proforma agreement for sale, and the conveyance deed.
Sanction letter from bank for construction finance and home loan
tie-ups.
GIS Location Details.
16
Registration of new projects
Registration details to be provided
17
Architect’s Certificate- Form 1
• The Architect’s certificate has to be issued in Form 1 as prescribed per MahaRERA
regulations.
Architect,
Structural Consultant,
Site Supervisor
Percentage of Work Completed for different buildings and/or wing forming part of the
project.
Percentage of Work Completed for entire registered phase with respect to internal and
external development work such as common amenities, water supply, internal roads
etc.
18
Engineer’s Certificate- Form 2 and Form 2A
• The Engineer’s Certificate has to be issued in Form 2 and 2A as prescribed per MahaRERA
regulations.
Architect,
Structural Consultant,
Site Supervisor
• The Engineer has to certify the quality of materials used in the construction of the project as
per the format prescribed by the MahaRERA authority.
19
CA’s Certificate- Form 3
• The CA’s certificate has to be issued in Form 3 as prescribed per MahaRERA regulations.
• The Certificate contains the details (Both Estimated as well as Actual) of-
Withdrawable amount from the designated bank account after considering the amount
already withdrawn till date.
• The CA has to attach his workings as per prescribed format as per MahaRERA (i.e.
Annexure A to Form 3).
20
Registration Process
Enter Past Experience Enter Details of the
Enter Basic Details (i.e. projects
Create a Login project to be
Information about launched and
Account completed in the last registered under the
the promoter
5 years) project details
21
Document Checklist to be uploaded on the MahaRERA Portal
PAN Card Certificates of Architect (Form 1)
Status of Conveyance
Form 2A
23
Promoter Registration - Login
Step 2
Enter details for new Registration. Select User type as “Promoter”. Once all the
requisite details such as password, email ID, etc are entered, then click on the “Create
User” button.
24
Promoter Registration - Login
Step 3
In case it is a returning user and has forgotten his/her password, click on the “Forgot
Password” tab on the Login page. The following screen will appear. Enter the details
and then “Reset Password”
25
Promoter Registration – Account Details
Step 4
Once the Promoter logs in, he/she first has to click on “Account”
26
Promoter Registration – Account Details
Step 5
After clicking on “My Profile” within “Account”, the Promoter needs to enter individual
information, address for official communication, etc, when the information type selected
is “Individual”
27
Promoter Registration – Account Details
Step 6
The next step involves uploading a profile picture if the Information type is
selected as “Individual”. Click on “Upload Profile Picture” under “Account”.
28
Promoter Registration – Account Details
Step 5
After clicking on “My Profile” within “Account”, if Information type is “Other than
individual” then the following details need to be filled
29
Promoter Registration – Account Details
Step 5
After clicking on “My Profile” within “Account”, if Information type is “Other
than individual” then the following details need to be filled
30
Promoter Registration – Account Details
Step 5
After clicking on “My Profile” within “Account”, if Information type is “Other than
individual” then the following details need to be filled
31
Promoter Registration – Account Details
Step 7
In Step 7, the Promoter has to enter his/her past experience details such as
number of buildings/plots, etc
32
Promoter Registration – Project Details
Step 8
In Step 8, the promoter will enter Project Details such as details of project by
clicking on “Add Project”
33
Promoter Registration – Project Details
Step 8
In Step 8, the Promoter will enter Project Details such as Land details, FSI
details etc
34
34
Promoter Registration – Project Details
Step 8
In Step 8, the Promoter will enter Project Details such as Address details,
details of separate bank account, etc
35
Promoter Registration – Project Details
Step 9
In Step 9, the Promoter will enter Add details of Buildings by clicking on “Add
Buildings”
36
Promoter Registration – Project Details
Step 9
In Step 9, the Promoter will enter Add details of Buildings by clicking on “Add
Buildings”
37
Promoter Registration – Project Details
Step 10
In Step 10, the Promoter will enter Add details of Common Areas and Facilities by
clicking on “Common Areas and Facilities”
38
Promoter Registration – Project Details
Step 10
In Step 10, the Promoter will enter Add details of Common Areas and Facilities
by clicking on “Common Areas and Facilities”. After you add details, click on
“Save”
39
39
Promoter Registration – Project Details
Step 11
In Step 11, the Promoter will enter Add Project details of cost by clicking on
“Cost Details”. He/she then has to enter details based on the “ProjectID”
40
Promoter Registration – Project Details
Step 11
In Step 11, the Promoter will enter Add Project details of cost by clicking
on “Cost Details”. He/she then has to enter details based on the “ProjectID”
41
Promoter Registration – Project Details
Step 11
In Step 11, the Promoter will enter Add Project details of cost by clicking on
“Cost Details”. He/she then has to enter details based on the “ProjectID”
42
Promoter Registration – Project Details
Step 12
In Step 12, the Promoter can then click on “Document Upload” under “Project
Details” and uploads the required documents.
43
Promoter Registration – Project Details
Step 12
In Step 12, the promoter can then click on “Document Upload” under “Project
Details” and upload the required documents. The list of required documents is
provided.
44
Promoter Registration – Project Details
Step 12
In Step 12, the promoter can then click on “Document Upload” under “Project
Details” and upload the required documents. The list of required documents is
provided.
45
Promoter Registration – Project Details
Step 13
In Step 13, professional details about the project such as details of Real estate
agent, architect etc to be added in “Project Professional”
46
Promoter Registration – Project Details
Step 13
In Step 13, professional details about “Architect” are mandatory
47
Promoter Registration – Project Details
Step 14
In Step 14, the promoter adds litigations related to the project, if any by
clicking on “Add Litigations Related to the Project” under Project Details. After
all the details are entered, click on “Add”
48
Promoter Registration – Project Details
Step 15
In Step 15, the promoter can then click on the “Payment tab” under “Project
Details” and make payment through NEFT/RTGS. First the Promoter needs to
select the Project Name
49
Promoter Registration - Payment
Step 15
All the details entered by the Promoter can be seen in a Preview mode
50
Promoter Registration - Payment
Step 15
In Step 15, once the Promoter clicks on Payment, he/she can enter the mode of
Payment such as Net Banking, Credit/Debit Card etc. He/she selects the mode
and makes Registration payment
51
Fees for Registration of projects
• After mentioning all the details as discussed earlier, the promoter can register
their project after paying the fees.
• Project Registration fee
Project registration fee is Rs. 10 per square meter of land or minimum of Rs.
50,000 only and maximum up to Rs. 10,00,000 only.
Can pay the registration fee NEFT or RTGS System or any other digital
transaction mode.
• Fee for application for the time extension of Real Estate Project
A developer can apply for the time extension for the completion of his real
estate project by paying fees for extension.
Fees for time extension is the same as fees for project registration.
52
Registration of new and existing projects
Additional details for existing projects
Projects which have not received ‘Completion Certificate’ on the date of commencement of
the Act, need to get registered with RERA
53
RERA wil have power to scrutinize the application
Additional power of RERA
RERA may review the following documents submitted by
a promoter:
Requires clarity as
Nature of rights and interests of the promoter to the managerial capacity is a
land subjective assessment
Extent and location of area of land proposed to be
developed
Layout of the project
Financial, technical and managerial capacity of the
promoter to develop
Plan regarding the development works to be
executed in the project Requires further clarity
Conformity of development of the project with
neighboring areas
54
Issues and nuances for
Project Registration
55
Issues and nuances for Project Registration
• Definition of Project to be registered – Single tower, Multiple towers etc.
• Determination of Land Area allocable to the respective tower to be
registered in case of a layout project .
• Estimation of Project Cost – Various factors to be considered –
Escalations, Contingencies, Future regulatory fees (eg. BMC fees) etc.
• Allocation of cost already incurred to respective towers in case of layout
project.
• Allocation of cost on case of SRA project involving Rehab building and
sale building.
• Land owners and JDA partners to be considered as “Promoters”.
• Society to be considered as a Co-promoter in case of a redevelopment
project.
• Ensure appropriate disclosures in agreement for sale as well as details
to be uploaded at the time of registration to overcome penalty exposure.
56
Issues and nuances for Project Registration
• Allocation of Land Cost in case of layout and large developments
• Allocation of costs for common amenities and Infrastructure
• Allocation of off-site costs to various projects
• Which method of accounting to be followed – cash or mercantile?
• Meaning of Incurred – to be applied prudently
• Payment of fungible premium in case of layout and large developments
• Allocation of costs in case of Parking Projects registered separately or shown as
common areas
• Allocation of cost of Public Parking in case of layout projects
• Marketing cost of acquisition of land/projects – whether covered as land cost?
• Circulars and Clarifications issued by RERA Authorities should be applied
blindly? Will it survive if beyond the Act and Rules?
• Amount withdrawn to be utilized Only for the Project – Can it be utilized for
purchase of land for other projects
• Meaning of On-site and Off-site costs – not reflected in certificate
57
Joint Development
Arrangements
58
Joint Development Arrangements- Mechanism
Upfront consideration
59
Clarification on Joint Development Arrangements
• Promoter now includes any person(s) or organization(s) who, under any
agreement or arrangement with the promoter of a Real Estate Project is
allotted or entitled to a share of total revenue generated from sale of
apartments or share of promoters shall be as per the agreement or
arrangement with the Promoters, however for withdrawal from
Designated Bank Account, they shall be at par with the Promoter of the
Real Estate Project.”
60
Joint Development Arrangements- Issues
• In case of Revenue Share arrangement
Whether a single RERA Account required OR two separate account required?
Whether separate CA Certificates to be obtained by the Promoter?
How to apply and compute POCM?
What would be the costs for the Promoter?
• In case of Area Share arrangement
Whether separate CA Certificates to be obtained by the Promoter?
How to apply and compute POCM?
What would be the costs for the Promoter?
• Whether this Clarification will apply to Investors?
• Whether this clarification applies to Construction Companies jointly developing
projects and sharing revenues/areas?
61
Offences and Penalties
62
Offences and Penalty
Provision Promoter Agent Allottee
63
Certification by a Chartered
Accountant under RERA
64
CA’s Certificate- Form 3
• The CA’s certificate has to be issued in Form 3 as prescribed per MahaRERA regulations.
• The Certificate contains the details (Both Estimated as well as Actual) of-
Withdrawable amount from the designated bank account after considering the amount
already withdrawn till date.
• The CA has to attach his workings as per prescribed format as per MahaRERA (i.e.
Annexure A to Form 3).
65
Form 3
Chartered Accountants Certificate (on the Letter head)
(FOR REGISTRATION OF A PROJECT AND SUBSEQUENT WITHDRAWAL OF MOnEY)
Cost of Real Estate Project MahaRERA Registration Number
Sr. No. Particulars Amount
A Land Cost Estimated Actual
Amount Amount
a Acquisition Cost of Land or Development Rights, XXXX
lease Premium, lease rent, interest cost incurred or
payable on Land Cost an d legal cost
b Amount of Premium payable to obtain
development rights, FSI, additional FSI, fungible
area, and any other incentive under DCR from Local
Authority or State Government or any Statutory
Authority
c Acquisition cost of TDR (if any)
d Amounts payable to State Government or competent
authority or any other statutory authority of the
State or Central Government, towards stamp duty,
transfer charges, registration fees etc; and
e Land Premium payable as per annual statement of
rates (ASR) for redevelopment of land owned by
public authorities
66
Clarification on the term Acquisition Cost
• To determine the Fair Market Value of the Acquisition Cost of Land or
Development Rights in the Real Estate Project, the Acquisition cost shall be the
'Indexed cost of Acquisition'.
• The indexed cost of acquisition shall mean an amount which bears to the cost
of acquisition the same proportion as Cost inflation Index for the year in which
the Land or Development Rights or Lease Rights in the Real Estate Project is
registered or the year in which the first commencement certificate is issued in
respect of such land , whichever is earlier, bears to the Cost inflation index for
the first year in which such Land or Development Rights or Lease Rights in the
Real Estate Project was owned or held by the developer.
• Where the Land or Development Rights or Lease Rights became property of the
developer or became available to the developer before 1st day of April 2001, the
Cost of Acquisition would mean the ASR value of such land or such Land or
Development Rights or Lease Rights in the in the Real Estate Project is owned or
held by the Developer shall be taken as 1st April, 2001.”
67
Clarification on the term “Incurred”
The expression incurred would mean amount of
product or service received creating a debt in favor of
a seller or supplier and shall also include the amount
of product or service received against payment.
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Clarification on the term Cost of Land
• With respect to an Ongoing Project, at the time of registration of the Real Estate
Project, the Estimated Land Cost and Development Cost/ Cost of Construction to
be certified as per Form 3 of the General Regulations of MahaRERA, shall be for
the cost of the real estate project, since its inception and not the balance
estimated land cost/ Cost of construction to complete the project.
• That is the total incurred cost of the real estate project shall be the aggregate of
the incurred land cost and development cost/ cost of construction of the project,
since its inception till the date of the issuance of the certificate and the
estimated Land Cost and Development Cost/ Cost of Construction shall be for
the entire project from the inception till completion.
• Also in respect of an Ongoing Project, in the first certificate to be issued by a
Chartered Accountant at the time of registration and for the first withdrawal
post registration, at clause 7 of the Form 3, the “Amount withdrawn till date of
this certificate as per Books of Accounts and bank Statement” shall be the lower
of-
100% of the amount received towards consideration of the sale of the
apartment of the Real Estate Project till date of Registration or
“amount of project cost incurred as reflected at clause number 3 of the
certificate of chartered accountant issued (Form no. 3) at the time of
registration.
- MahaRERA Circular No. 7/2017 dated 4 July 2017
69
Clarification on Borrowing Cost
The Acquisition Cost shall also include the amount of interest
incurred on the borrowing done specifically for the purchase of
Land, or Acquiring development Rights or Lease Rights.
70
Sr. No. Particulars Amount
A Land Cost Estimated Actual
Amount Amount
f[i] Estimated construction cost of rehab building
including site development and infrastructure for
the same as certified by Engineer
71
Cost of Rehabilitation Scheme
• Cost under the Rehabilitation Scheme or Construction Cost of Rehabilitation buildings
shall include cost incurred for construction of construction Area, which is to be
handed over to-
Slum dwellers under the Slum Rehabilitation Scheme
Tenants under the redevelopment of tenanted Premises
Apartment owners of the building which is under redevelopment and who are to
be provided with an alternative accommodation
Government or Concessionaire in Public Private Partnership Projects
Appropriate Authority under various schemes under the development
regulations
• All amounts payable to slum dwellers, tenants, apartment owners or Appropriate
authority or Government or concessionaire which are non refundable and incurred as
cost and expense of such rehabilitation scheme shall be allowed as part of Land Cost
under the clause 1(i)(f)(iii) or 1 (i)(f)(iv) of the Form 3 under General Regulation 3 of
MahaRERA. For Example, maintenance deposits, corpus amount, concession
premium or fees, shifting charges to name a few.
• The amount of interest incurred on borrowing done specifically for the construction
of rehabilitation component in rehabilitation scheme shall be included in the interest
payable to the financial institutions etc.( under the head of Land Cost (under Clause
1(i)(a) of Form 3 of General Regulation s 3 of MahaRERA)
- MahaRERA Circular No. 7/2017 dated 4 July 2017
72
B Development Cost/ Cost of Construction Estimated Actual
Amount Amount
a[i] Estimated Cost of Construction as certified by
Engineer
Actual Cost of construction incurred as per the
books of accounts as verified by the CA
73
Clarification on the term Development Costs
• All the cost items should be mutually exclusive. There should not be
any double counting of costs.
• The Development Cost / Cost of Construction of the project should not
include marketing and brokerage expenses towards sale of apartments.
Such expenses, though part of the project cost should not be borne
from the amount that is required to be deposited in the designated
separate account.
• - MahaRERA Circular No. 5/2017 dated 28 June 2017
74
B Development Cost/ Cost of Construction Estimated Actual
Amount Amount
B Payment of Taxes, cess, fees, charges, premiums,
interest etc to any statutory Authority
C Principal sum and interest payable to financial
institutions, scheduled banks, non-banking financial
institution (NBFC) or money lenders on
construction funding or money borrowed for
construction
75
Clarification of Percentage Completion
• Clause 4 of Form 3 of the general Regulations of MahaRERA, refers to
percentage completion of construction work as per Project Architect’s
Certificate.
• This clause shall be required to be filled only in final certificate when
100% of the construction work has been completed. In all the prior
certificates, this field is not mandatory to be filled and certified by
Chartered Accountant, as this information is been detailed in Form 1
provided by Architect.
- MahaRERA Circular No. 7/2017 dated 4 July 2017
76
Clarification on Taxes
• The indirect taxes collected by the promoter from the Allottees in the
Nature of GST/Service Tax / Vat can also be deposited in a bank
account other than the Separate Bank account and shall be dealt with
as per the Statute governing such indirect taxes.
• - MahaRERA Circular No. 7/2017 dated 4 July 2017
77
Clarification on Increase in Construction Cost
• The increase in construction cost due to execution of extra/additional
items as certified by the engineer in Annexure A of Form 2 of the
General Regulation of the MahaRERA, shall be allowed to included in
the on-site Expenditure for development of entire site etc. under clause
1(ii)(a)(iii) of Form 3 of the General Regulation 3 of MahaRERA .
• Annexure A is a part of the Engineer’s Certificate that specifies any
expenditure that has been incurred and was not estimated to be
incurred.
- MahaRERA Circular No. 7/2017 dated 4 July 2017
78
Clarification on Balance Receivables
• The third proviso to Section 4(2)(1)(d) of RERA read with Regulation 4(a) of the
Regulations requires the promoter to get his accounts audited within six
months after the end of every financial year by the statutory auditor of the
Promoter’s enterprise, and produce report on the statement of accounts on
project fund utilization and withdrawal by Promoter in Form-5 in accordance
with General Regulation of MahaRERA.
• Since the report is to be prepared under third proviso to section 4(2)(1)(d) of
RERA, the said certificate is only in respect of the amount to be deposited and
withdrawn from the Separate bank Account.
• Thus Chartered Accountant is required to certify that Promoter has utilized
70% of the amount collected for the project only and not for the entire amount
collected by the project.
• However, it may be 100% of the balance receivables from the Allottees in case
of an Ongoing Project, where the proviso to Rule 5(1)(ii) applies. The Chartered
Accountant shall further certify that the withdrawal from the Separate Bank
Account of the said project has been in accordance with the proportion to the
percentage of completion of the project.
- MahaRERA Circular No. 7/2017 dated 4 July 2017
79
Additional Information for Ongoing Projects
1. Estimated Balance Cost to Complete the Real Estate Project (Difference of Total
Estimated Project cost less Cost incurred ) (calculated as per the Form IV)
2. Balance amount of receivables from sold apartments as per Annexure A to this
certificate (as certified by Chartered Accountant as verified from the records and
books of Accounts)
3. (i) Balance Unsold area (to be certified by Management and to be verified by CA
from the records and books of accounts)
(ii) Estimated amount of sales proceeds in respect of unsold apartments (calculated
as per ASR multiplied to unsold area as on the date of certificate, to be calculated
and certified by CA) as per Annexure A to this certificate
4. Estimated receivables of ongoing project- Sum of 2 + 3(ii)
5.Amount to be deposited in Designated Account – 70% or 100%
• IF 4 is greater than 1, then 70 % of the balance receivables of ongoing project will
be deposited in designated Account
• IF 4 is lesser than 1, then 100% of the of the balance receivables of ongoing project
will be deposited in designated Account %
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Annexure A to Form 3
Statement for calculation of Receivables from the Sales
of the Ongoing Real Estate Project
Sold Inventory
Unit
Consideration
Carpet
Sr. No. Flat No. as per Received Balance
Area (in
Agreement Amount Receivable
sq.mts.)
/Letter of
Allotment
81
Annexure A to Form 3
Unsold Inventory Valuation
Ready Recknor Rate as on the date of Certificate of the Residential /commercial
premises INR XXX per sm.
Unit Consideration as
Sr. No. Flat No. Carpet Area
per Read Reckoner
(in sq.mts.)
Rate (ASR)
82
Clarification on Principal and Interest
• While Uploading Details of the Project cost on the website at the time
of registration, in the 'project cost' Tab, list of Values , wherein
"Principal sum and interest payable" is sought, the Principal Sum of
the Loan stall not be entered and only interest shall be uploaded.
• However, in the certificate to be issued by Chartered Accountant, as
per Form 3 of the General Regulation of MahaRERA, the principal sum
of Loan shall be reflected in the brackets and shall not be added in the
Sub-total of Development Cost.
- MahaRERA Circular No. 7/2017 dated 4 July 2017
83
Best Practices and Way
Forward
84
RERA Alignment Required Across the Company & With All
Stakeholders
Information being made public under RERA can expose promoters to greater risks not just
HR
under RERA but under all regulations – Need for stronger focus on compliance, additional
controls on RERA updates, focused handling of customer voice on social media and
customer support etc
Finance
You will be held accountable for perceived project features communicated visually, verbally
IT or in writing, How would you control verbal communications and second level marketing by
brokers/ sub brokers ? – include required clauses in broker, employee contracts, customer
agreements, stronger sales validation process, clear dos & don'ts on content creation etc
Sales/
CRM
Re aligning of your sales strategies, revamp of sales channels – Need for one time review of sales
channels to ensure brokers/ agents have capability of being RERA compliant, develop internal
sales capabilities if heavy reliance is placed on brokers/ agents, sales launch of only approved
projects - No pre launch activities to gauge market sentiments etc
BD
You commit what you want to do and build enough disclaimers for protection – The act
requires you to disclose proposed construction plans, what disclaimers should be built in to
protect you in case of future change of plans. Design
Controls to ensure committed quality is delivered & mandate is also obtained for upsell.
Enhance team capabilities to handle mature processes – Finalization of project designs to ensure Legal
minimum alternations, Project planning to provide accurate time and cost estimates, strong cash
flow planning to support an elongated process of withdrawals Project
Delivery
85
Paradigm Shift in Business and Operating Model
What is Required To Be Done
86
HAPPY RERA Journey
together ….
CA Vyomesh Pathak
The information contained herein is of a general nature and is not intended to address the
circumstances of any particular individual or entity. No one should act on such information
without appropriate professional advice after a thorough examination of the particular
situation.
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