| TIME LIMITS UNDER REAL ESTATE (REGULATION AND DEVELOPMENT) LAWS | |||
| Compliance Category |
Nature of Compliance | Form No. if any |
Time Limit |
| Withdrawal of funds from the RERA Designated bank account | Withdrawal of 70% of the amount realised from allottees to separate account to cover cost of construction and land | Form 1 Form 2 Form 3 |
To be submitted to Bank before each withdrawal of funds and also to be submitted on the Portal as and when they are submitted to Bank at the time of each withdrawal. Form 1 ‐ Architect's Certificate Form 2 ‐ Engineer's Certificate Form 3 ‐ Chartered Accountant's Certificate |
| Yearly Submission | Quality Assurance Certificate from the Engineer of the Real Estate Project | Form 2A | To be submitted on the Portal within three(3) months after the end of every financial year. |
| Submission of Chartered Accountant's Report on Annual Report on Statement of Accounts | Form 5 | To be submitted on the Portal within six (6) months after the end of every financial year. Form 5 ‐ Chartered Accountant's Report on Annual Report on Statement of Accounts |
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| Quarterly Update | Quarterly Progress Report of the Real Estate Project | Form 3 | To be submitted on the Portal within 20 days from the end of Quarter Form 3 ‐ Chartered Accountant's Certificate to be submitted for each quarter as follows ‐
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