Certification Services under RERA
Why It’s Required?
The Real Estate (Regulation and Development) Act, 2016 (RERA) requires promoters to obtain various certifications from qualified professionals at different stages of project execution. These certifications — issued by engineers, architects, and chartered accountants — are mandatory to ensure that funds are utilized correctly, construction progress matches approved plans, and withdrawals from the project’s designated bank account are proportional to the stage of completion.
Promoters must obtain certifications for project registration, fund withdrawals, quarterly updates, annual audits, and project completion as per RERA provisions. These certifications act as an independent validation of compliance and transparency, protecting promoters from disputes, penalties, or regulatory action. By ensuring timely certification, promoters can smoothly manage compliance requirements while enhancing buyer confidence and maintaining a strong reputation in the real estate market.
What We Do?
Bluvaron Solutions LLP provide certification services through our panel of experts to ensure compliance with quarterly updates, withdrawals, and audits.