RERA Compliance & Consultancy

The Real Estate (Regulation and Development) Act (RERA) was introduced to bring transparency and accountability to the real estate sector. For developers in Hyderabad and across Telangana, RERA compliance is not just a formality but a core operational requirement. CA Mahendra Lal offers specialized RERA consultancy to help developers and agents navigate the complexities of the Act. Project Registration and Documentation: Registering a project with the Telangana Real Estate Regulatory Authority (TSRERA) requires meticulous documentation. We assist in preparing the project profile, including financial details, land titles, and building approvals. Our team ensures that all disclosures—from the carpet area to the project timeline—are accurate and compliant with the Act. Quarterly Updates and Financial Compliance: Under RERA, developers must update the project's progress on the authority's website every quarter. This includes details of units sold, milestones achieved, and the status of construction. We manage these updates and ensure that the 70% escrow account rule is strictly followed, where a majority of the funds collected from allottees must be used only for construction and land costs. RERA Audit and Certificates: CA Mahendra Lal provides the mandatory Chartered Accountant certificates required for the withdrawal of funds from the escrow account. We also conduct the annual RERA audit, verifying that the project's financial transactions are in line with the RERA provisions. This helps in building trust with homebuyers and avoiding heavy penalties from the authority. Advisory for Real Estate Agents: We also provide registration and compliance services for real estate agents. Our advisory covers the duties and responsibilities of agents under the Act, ensuring they maintain proper records and avoid any unfair trade practices that could lead to litigation.