In India, Project Registration with Quarterly Compliance is a critical legal requirement for real estate developers. Under the Real Estate (Regulation and Development) Act, 2016 (RERA), promoters must not only register their projects but also regularly update project progress every quarter. This framework ensures transparency, accountability, and protection of homebuyers’ interests.
What is Project Registration with Quarterly Compliance?
Project Registration is the mandatory registration of a real estate project with the state authority before advertising, selling, or booking units. Quarterly Compliance refers to periodic disclosures that promoters must file every three months, updating construction progress, financial status, and approvals.
These requirements are regulated by the Real Estate Regulatory Authority (RERA) of the respective state.
Why Quarterly Compliance is Mandatory under RERA
- Ensures real-time project transparency
- Protects homebuyers from delays and misinformation
- Tracks utilization of funds collected from buyers
- Monitors construction progress against timelines
- Reduces fraud and project abandonment
Projects Covered Under RERA Registration
Registration with quarterly compliance is mandatory for:
- Residential real estate projects
- Commercial real estate projects
- Mixed-use development projects
Exemptions:
- Land area below 500 sq. meters
- Fewer than 8 apartments
- Pure renovation projects without sale or marketing
Documents Required for Project Registration
- PAN and Aadhaar of promoter
- Legal title deed of land
- Approved layout and building plans
- Commencement certificate
- Project timeline and phase-wise schedule
- Details of engineers, architects, and contractors
- Affidavit and declaration as per RERA format
Step-by-Step Process for Project Registration in India
Step 1: Identify Applicable State RERA Portal
Access the RERA portal of the state where the project is located.
Step 2: Create Promoter Login
Register as a promoter by submitting basic business and contact details.
Step 3: Fill Project Registration Application
Provide project information such as location, land area, number of units, phases, and estimated completion date.
Step 4: Upload Mandatory Documents
Upload approved plans, ownership documents, and statutory declarations.
Step 5: Pay RERA Registration Fees
Pay the prescribed registration fee online as per state-specific rules.
Step 6: Scrutiny & Approval
The RERA authority reviews the application and grants a Project Registration Certificate with a unique RERA number.
Quarterly Compliance Requirements under RERA
Once registered, promoters must update the following every quarter on the RERA portal:
1. Construction Progress
- Percentage of project completion
- Block-wise and floor-wise status
- Photographs of the construction site
2. Financial Updates
- Amount collected from allottees
- Amount utilized for construction
- Balance funds in the designated RERA account
3. Approval Status
- Any new approvals received
- Modifications to existing approvals
- Pending statutory clearances
4. Project Timeline Updates
- Changes in completion schedules
- Phase-wise progress (if applicable)
Step-by-Step Process for Quarterly Compliance Filing
Step 1: Login to RERA Portal
Use promoter credentials to access the registered project dashboard.
Step 2: Select Quarterly Update Option
Choose the relevant quarter for compliance filing.
Step 3: Enter Progress & Financial Data
Update construction status, fund utilization, and approvals.
Step 4: Upload Supporting Evidence
Upload site photographs, certificates, or supporting documents.
Step 5: Submit Quarterly Compliance
Review all details carefully and submit the quarterly update online.
Consequences of Non-Compliance
Failure to register or file quarterly updates can result in:
- Monetary penalties
- Suspension of project registration
- Restriction on sale or marketing
- Legal action and prosecution
Benefits of Project Registration with Quarterly Compliance
- Builds buyer trust and confidence
- Improves project credibility
- Reduces disputes and complaints
- Ensures smooth regulatory compliance
- Enhances transparency and accountability
Conclusion
Project Registration with Quarterly Compliance in India is a cornerstone of the RERA framework. By following the step-by-step registration process and ensuring timely quarterly updates, promoters can remain compliant, avoid penalties, and maintain strong credibility with buyers and authorities.
Disclaimer
This blog is for informational purposes only and does not constitute legal or professional advice. RERA rules, quarterly compliance formats, and timelines may vary across states and are subject to change. Readers are advised to consult the respective State RERA authority or a qualified professional before taking any action.