RERA disclosures
What are the RERA disclosures builders must keep current?
Under India's Real Estate (Regulation and Development) Act, a registered project must publish and keep current a set of disclosures: its RERA registration number, sanctioned plans and approvals, the promoter's details, the project timeline, and periodic (usually quarterly) progress and financial updates. Keeping these accurate and on time is the core of RERA compliance.
Registration and approvals
The project's RERA registration number, the sanctioned layout and building plans, and the statutory approvals and NOCs (fire, environment and others) should be on record and disclosed. Sales activity is expected only once registration is in place.
Project and promoter details
Promoter details, the carpet-area definition, the number and type of units, and the declared project completion timeline are disclosed so buyers can rely on them.
Periodic progress and financials
Registered projects are generally required to file periodic updates on construction progress and on the project's financials, so the regulator and buyers can track whether the project is on schedule.
Staying audit-ready
The practical challenge is keeping every item current as approvals renew and progress moves. A single register with expiry alerts, rather than scattered files, is what keeps a builder from a month-end scramble.
How Fortera does it
Fortera keeps RERA registration, approvals and disclosures in one register, gates pricing and cost sheets until the registration number is in place, publishes mandated disclosures to buyers on the portal, and raises 90, 30 and 7-day expiry alerts. Filing itself stays with your team, as with any software.
Related questions
A little more detail.
- Does software file RERA for me?
- Software prepares and organises the records and disclosures you need and reminds you before deadlines, but the actual filing on the state RERA portal remains your team's responsibility, as with any compliance software.
- Do RERA rules vary by state?
- Yes. RERA is implemented state by state, so registration portals, formats and some rules differ. Compliance tooling should be configurable to your state's requirements.