What RERA means for a housing society going into redevelopment
RERA isn't only a developer's concern. For a society in redevelopment, it's one of the strongest tools members have to track the project. Here's how.
When a society enters redevelopment, members often assume RERA is the builder's paperwork. In fact, RERA gives the society one of its best instruments for keeping the project — and its money — on track.
Registration is the starting line
A qualifying redevelopment project must be registered with the regulator. That registration creates a public record: timelines, approvals, and the promoter's commitments, all visible on the RERA portal. A society should know its project's registration number and check the page regularly.
The designated account discipline
RERA requires a defined share of project collections to sit in a separate designated account, withdrawn only in step with construction progress, and certified periodically by a chartered accountant. For a society, this is the mechanism that links money to actual work — and the certifications are worth reading.
What members should monitor
Three things repay attention: that the registration stays valid (not lapsed or endlessly extended), that periodic filings appear on time, and that withdrawals broadly track visible progress. Divergence between money drawn and work done is the earliest warning sign of trouble.
Where a CA fits in
The financial certifications RERA requires are chartered-accountancy work. Having a CA on the society's side — reading those certificates, watching the account discipline, and flagging concerns early — turns RERA from background paperwork into active protection.
We cover the practical mechanics in depth on our redevelopment platform, Plinth.
General information, not advice. RERA requirements change; confirm specifics on the MahaRERA portal and with a professional.
Keep reading
Five GST input-tax-credit mistakes that quietly cost businesses money
Input tax credit is where most GST money is won or lost. Here are five common mistakes that block credit or invite notices — and how to avoid them.
New vs old income tax regime: how to actually decide
The choice between the new and old tax regime isn't about which has lower rates — it's about your deductions. Here's a clear way to think it through.
The ROC compliance calendar every private company should keep
Most ROC penalties come from missed routine filings, not complex ones. A simple annual calendar keeps companies and LLPs penalty-free.
Let's simplify compliance.
A short conversation is usually enough to know how we can help. No obligation, no jargon.