RERA Compliance for Real Estate Software

A project must be registered with the state authority before it is advertised, marketed, booked or sold, unless it is exempt. The Act exempts projects where the land does not exceed 500 square metres or the number of apartments does not exceed eight; states may set lower thresholds. Agents who facilitate sales in registered projects must also register.

Every advertisement or prospectus must mention the authority's website address and the project's registration number. States have added their own requirements, such as QR codes or minimum font sizes. If your marketing system generates brochures, landing pages and cost sheets, it should insert these automatically.

A brochure template that pulls the registration number from the project master cannot go out without it.

Sales must be on carpet area as defined in the Act, not super built-up area. A developer cannot accept more than ten per cent of the cost as advance or application fee without first entering into a registered agreement for sale.

Seventy per cent of the amounts collected from allottees for a project must be deposited in a separate bank account and used only for land and construction cost of that project. Withdrawals are in proportion to the percentage of completion and need certification by an engineer, an architect and a chartered accountant. The account is audited annually.

Promoters must keep the project's page on the authority's portal up to date, including quarterly updates on units booked, construction progress and approvals. The data comes from sales, engineering and legal systems. A compliance module should assemble it and keep a record of what was submitted and when.

If possession is delayed, the buyer can withdraw and claim a refund with interest, or stay and receive interest for each month of delay, at rates prescribed by state rules. The promoter is also liable to fix structural defects reported within five years of possession. Software should track committed possession dates, calculate interest exposure and run a post-possession defect ticketing process. Because rules differ by state, keep state-specific parameters configurable.