Bank Accounts. Financial Accuracy. AP RERA Compliance.
The trusted financial partner for Andhra Pradesh's leading real estate developers. We provide the mandatory Form 3 certifications and financial audits required for seamless AP RERA project registration and fund withdrawals.
Financial Compliance for RERA
As per the Real Estate (Regulation and Development) Act, a Chartered Accountant's certification is a legal prerequisite for project transparency and financial discipline.
Project Cost Certification
Mandatory CA Certificate (Form 3) certifying cost incurred on land and construction to enable withdrawal from separate RERA account.
Annual Statutory Audit
Mandatory annual audit (Form 5) within six months after FY end to verify funds were utilized correctly for the project.
Escrow Management
Ensuring compliance with the 70% deposit rule and monitoring withdrawals in proportion to percentage of completion.
Financial Disclosures
Assisting in preparation of financial statements and disclosures required for initial registration and quarterly updates.
The "Proportionate Withdrawal" Rule
Under Section 4 of the RERA Act, money can only be withdrawn from the project bank account in proportion to the percentage of completion. This must be certified by an Engineer, an Architect, and a Chartered Accountant.
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Financial Verification: Detailed verification of actual cost incurred vs estimated costs.
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Withdrawal Eligibility: Calculating exact amount eligible for withdrawal based on other professional certifications.
Secure Your Project's Financial Health
Don't let financial non-compliance stall your project. Get expert CA advisory and Form 3 certifications today.