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Corporate Compliance for Construction and Real Estate

Reviewed by CA and CS Team, Patron Accounting LLP ICAI & ICSI Registered| 15+ Years Experience| Last Updated: Verify Credentials →

Service: End-to-end compliance for a construction or real estate company, RERA and company sides together.

Fees: Real estate compliance starting from INR 14,999 per year (Exl GST and Govt. Charges).

Covers: AOC-4 and MGT-7, the audit, plus RERA registration, the quarterly reports and project accounts.

For: Developers, builders and real estate companies, including JV and SPV project structures.

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Real Estate Compliance: Overview and Quick Summary

📌 TL;DR - Real Estate Compliance Services at a Glance

A construction or real estate company does everything an ordinary company does, AOC-4, MGT-7 or 7A, the statutory audit, board meetings, the AGM and director KYC, and on top of that it carries the RERA overlay. Each qualifying project registers with the state RERA authority, seventy percent of buyer collections sit in a separate project bank account under Section 4(2)(l)(D), withdrawals are tied to completion certified by an architect, an engineer and a chartered accountant, quarterly progress reports go on the RERA website, and the project accounts are audited annually. Developers also run project-specific accounting and often a separate SPV per project.

Area	What it covers
RERA registration	Project registered with the state RERA authority
70% account	Separate project bank account, Section 4(2)(l)(D)
Withdrawal certificates	Form 1 architect, Form 2 engineer, Form 3 CA
Quarterly reports	Progress updates on the RERA website
Project accounting	Separate books, fund-utilisation per project
ROC stack	AOC-4, MGT-7, audit, KYC, as a company
Cost	From INR 14,999 per year

This page is the complete picture of corporate compliance for a construction and real estate company, the RERA and project overlay on the company stack, and it routes you to each component service, including project accounting and the net worth certificate for RERA. When you want the company and RERA sides handled on one retainer, our team runs it for you.

For the project accounting and virtual CFO side, see our construction and real estate accounting services; for the net worth a developer needs at RERA registration, see our net worth certificate service.

What Is Real Estate Compliance?

Real estate compliance is the full set of obligations a construction or real estate company must meet, combining the ordinary company compliance with the project-level obligations that RERA imposes on developers. It is broader than the compliance of most businesses, because each project is separately regulated, with its own registration, its own ring-fenced money and its own reporting to the state authority and to buyers.

The defining feature is that the company and the project are regulated in parallel. The company files its ROC returns and is audited, while each qualifying project registers under RERA, keeps seventy percent of buyer money in a dedicated account, reports its progress quarterly, and is accounted for separately, so a developer manages compliance at two levels at once.

Key Terms for Real Estate Compliance:

RERA: The Real Estate (Regulation and Development) Act, 2016, administered by each state authority.
70% account: The separate project bank account holding seventy percent of buyer collections.
Form 1, 2 and 3: The architect, engineer and CA certificates that release the 70% funds.
QPR: The quarterly progress report filed on the RERA website.
SPV: A special purpose vehicle, often a separate company per project.

Project Account 70%

The RERA Overlay, Layer by Layer

Real estate compliance is best understood as the company stack plus the RERA project layer.

Project Registration

Each qualifying project, broadly where the land exceeds five hundred square metres or there are more than eight apartments, must register with the state RERA authority before any advertising or sale, with the registration carrying the approvals, plans, timelines and disclosures.

The 70% Project Account

Seventy percent of the money collected from buyers goes into a separate project bank account under Section 4(2)(l)(D), to be used only for that project’s construction and land cost, with the developer able to draw on it in proportion to completion certified by an architect, an engineer and a chartered accountant.

Quarterly Reporting and Annual Audit

The developer updates the project’s progress, sales and approvals on the RERA website each quarter, and the project accounts are audited annually by a chartered accountant, keeping the registered commitments and the actual delivery aligned.

Project Accounting and Structures

RERA pushes developers towards disciplined, project-specific accounting, separate books, a clear trail of buyer collections and project spend, and the fund-utilisation records that support the quarterly reports and the Form 3 certificate. Developers also commonly structure each project, or a joint development, through a special purpose vehicle or a joint venture, so that the project’s finances, risk and RERA registration sit in their own entity. This keeps projects ring-fenced from each other, but it multiplies the compliance, since each SPV is itself a company with its own ROC, audit and RERA obligations. We set up and run the project accounting and handle the compliance across the holding company and the project entities together.

For the project accounting and virtual CFO support, see our construction and real estate accounting services.

What the Real Estate Retainer Covers

Service	What We Do
Company Filings	AOC-4, MGT-7 and the ROC stack, per entity, across the holding company and each SPV.
Audit and ITR	Statutory audit coordination and the income tax return for each entity.
RERA Registration and QPR	RERA registration for projects and the quarterly progress reports on the RERA website.
70% Account and Form 3	Support for the 70% account fund-utilisation and the Form 3 certification of withdrawals.
Project Accounting	Project-specific accounting and fund tracking, separate books per project.
JV and SPV Coordination	Compliance coordination across the joint ventures and special purpose vehicles.

Our Process

How Real Estate Compliance Runs Through the Year

How Patron runs the company and RERA cycles together on one calendar, across the holding company and every project entity.

Step 1

Map Company and Projects

We build one calendar covering the company filings and each project’s RERA obligations.

One calendar All entities

Map 01

Step 2

Register Projects

We handle RERA registration for new projects and any extensions or changes.

New projects Extensions

Step 3

File Quarterly

We prepare and file the quarterly progress reports on the RERA website on time.

QPR on time Accurate

Quarterly 03

Step 4

Certify Withdrawals

We support the Form 3 certification and the 70% account fund-utilisation.

Form 3 70% account

Certify 04

Step 5

Run the Company Cycle

We coordinate the audits and file AOC-4, MGT-7, ADT-1 and KYC for each entity.

AOC-4 / MGT-7 Per entity

Company 05

Step 6

Audit the Projects

We coordinate the annual RERA project audit and keep the accounting current.

Project audit Books current

Audit 06

Information Required for the Engagement

Company and SPV details and structure.
Project list with RERA registration status.
Project bank account and collection records.
Construction progress and approvals.
Financial statements and project books.
Net worth and turnover details for registration.

Need the full checklist? We share a tailored real estate compliance checklist when you engage us.

Common Real Estate Compliance Challenges and Solutions

Challenge	Impact	How Patron Accounting Solves It
Missing the quarterly RERA update	Quarterly progress reports are due each quarter, and a miss or a discrepancy triggers regulatory scrutiny. We diarise and file them accurately and on time.
Mishandling the 70% account	Drawing on the project account without proper certification, or mixing project funds, is a serious RERA breach. We keep the fund-utilisation and the Form 3 certification clean.
Compliance across many SPVs	Each project SPV is a company with its own filings, easily forgotten at scale. We run the company and RERA compliance across all the entities on one calendar.
Advertising before registration	Advertising or selling before RERA registration invites immediate penalties. We get the project registered before any launch.

Real Estate Compliance Fees

Fee Component	Amount
Patron Accounting Professional Fees (annual retainer)	Starting from INR 14,999 per year (Exl GST and Govt. Charges)
Scope of the retainer	Company compliance (AOC-4, MGT-7, audit coordination, ADT-1, KYC) plus RERA quarterly reports, project accounting support and fund-utilisation tracking for a project
RERA registration, project audits, Form 3, extra SPVs	Scoped per engagement by number of projects and entities
Statutory and RERA project audit fees	Confirmed as part of the engagement scope

All fees and charges listed are indicative only and do not constitute a binding offer. Final amounts may vary depending on the volume of work and the complexity involved.

The statutory and RERA project audit fees, the RERA registration of each project, the Form 3 certification, the compliance for additional SPVs, and the detailed project accounting are confirmed as part of the engagement scope, since the workload depends on the number of projects and entities. Contact us for a detailed quote.

Get a free Real Estate Compliance consultation - Call +91 945 945 6700 or WhatsApp us. No-obligation assessment.

The Real Estate Compliance Year

Stage	Estimated Timeline
RERA, quarterly	Quarterly progress reports on the RERA website for each project
RERA, as needed	70% account certifications as construction draws are required
RERA, annual	Project audit after the year; registrations or extensions as projects start
Company, within 6 months of year end	AGM for each entity
Company, annual	AOC-4 and the annual return, DIR-3 KYC by 30 September, income tax return in its window

A developer’s year runs on two interlocking cycles. The RERA side is quarterly and continuous, with the progress reports each quarter, the 70% account certifications as construction draws are needed, the annual project audit after the year, and registrations or extensions whenever projects start or timelines change. The company side follows the usual calendar for each entity. With several projects and SPVs, these cycles multiply, so a single combined calendar across the company and the projects is what keeps a real estate group compliant.

Key Benefits

Why Use a Managed Real Estate Retainer

Company and RERA in One Place

The company compliance and the RERA project overlay are run together by one team on a single calendar.

Quarterly Reports on Time

The quarterly progress reports are diarised and filed accurately on the RERA website, every quarter.

70% Account and Form 3 Clean

The 70% account fund-utilisation and the Form 3 certification are kept clean, so withdrawals stand up.

Every SPV Kept Compliant

Each project SPV is tracked for its ROC filings, audit and KYC, so none is forgotten at scale.

Penalties and Revocation Avoided

Timely, accurate compliance avoids the penalties and registration revocation that follow a public slip.

Qualified CA and CS Team

Handled by a qualified CA and CS team across the holding company and every project entity.

Trusted by Developers Across India

10,000+ Businesses Served | 4.9 Google Rating | 50,000+ Documents Filed | 15+ Years

"Patron runs our RERA quarterly filings, our project accounts and our company compliance across all our SPVs from one team." - Director, real estate developer, Pune.

"They keep our 70% account certifications and our project audits clean, which our lenders and buyers rely on." - Promoter, construction company, Mumbai.

Trusted by leading brands including Hyundai, Asian Paints and Bridgestone for accounting and compliance support.

With offices in Pune, Mumbai, Delhi, and Gurugram, Patron Accounting serves developers across India - both in-person and remotely.

Real Estate Compared with an Ordinary Company

Factor	Real Estate Company	Ordinary Company
Company filings	Yes, per entity	Yes
RERA registration	Per qualifying project	Not applicable
Ring-fenced funds	70% project account	Not applicable
Reporting	Quarterly to RERA	Annual ROC only

Component Services

This hub routes to the services that make up a real estate compliance engagement.

Construction and Real Estate Accounting Services for project accounting and the virtual CFO side.
Net Worth Certificate for the net worth needed at RERA registration and for funding.
Payroll Services for Construction Real Estate Industry for the workforce side.
Private Limited Company Compliance for the ROC stack of the company and each SPV.
Statutory Audit for the company and project audits.
Compliance Calendar to track the company and RERA deadlines.

The net worth and turnover certificates that developers need for RERA registration and for bank and working-capital lines are handled through our certificate services.

Legal and Regulatory Framework

RERA registration: Under the Real Estate (Regulation and Development) Act, 2016, a real estate project that crosses the applicable state threshold, broadly where the land exceeds five hundred square metres or there are more than eight apartments, must be registered with the State Real Estate Regulatory Authority, such as MahaRERA in Maharashtra, before it is advertised, marketed or sold, with the promoter filing the approvals, the sanctioned plan, the project specifications and timelines, and the prescribed disclosures, and a developer cannot collect more than ten percent of the cost as advance before entering into a written agreement for sale.

The seventy percent project account: Section 4(2)(l)(D) of the Act requires that seventy percent of the amounts realised from the allottees of a project be deposited in a separate account maintained in a scheduled bank, to cover the cost of construction and the land cost, and to be used only for that project, with the promoter permitted to withdraw in proportion to the percentage of completion of the project, which must be certified by an architect in Form 1, an engineer in Form 2 and a chartered accountant in Form 3.

Quarterly reporting and audit: The promoter must keep the project’s information current on the RERA website, filing quarterly progress reports on the status of construction, the units booked and the approvals, generally within a set number of days of each quarter’s end, and the project accounts must be audited annually by a chartered accountant, who certifies that the amounts collected for the project have been used for that project and that the withdrawals are in line with the percentage of completion.

State administration and the company layer: RERA is administered state by state, so each State Authority has its own rules, forms and timelines on top of the central Act, and non-compliance, such as advertising without registration, misrepresenting the carpet area, or breaching the project account rules, can attract penalties that may reach a proportion of the project cost and even revocation of registration, while underneath all of this each company and SPV carries its ordinary Companies Act, 2013 compliance, the board meetings, the AGM, the statutory audit, AOC-4, the annual return and DIR-3 KYC.

Refer to the MahaRERA portal and your relevant state RERA authority, the MCA portal for the company forms, and IndiaCode for the RERA and Companies Acts.

What compliance does a real estate company have to follow?

A construction or real estate company follows two levels of compliance. As a company, each entity files AOC-4, MGT-7 or 7A, ADT-1 and DIR-3 KYC, holds board meetings and an AGM, and is audited, with its income tax return. At the project level, under RERA each qualifying project registers with the state authority, keeps seventy percent of buyer money in a separate project account, files quarterly progress reports on the RERA website, supports withdrawals with architect, engineer and CA certificates, and has its project accounts audited annually. Developers also run project-specific accounting and often a separate SPV per project.

When must a project be registered under RERA?

A real estate project must be registered with the State Real Estate Regulatory Authority before it is advertised, marketed, booked or sold, where it crosses the applicable threshold. Broadly, registration is required where the land proposed to be developed exceeds five hundred square metres or where there are more than eight apartments, though the exact threshold and the procedure are set by each state. Advertising or taking bookings before registration is a serious breach that attracts immediate penalties, so registration is the first compliance step for any new project.

What is the 70% rule in RERA?

The seventy percent rule, under Section 4(2)(l)(D) of the RERA Act, requires a developer to deposit seventy percent of the money collected from buyers of a project into a separate bank account dedicated to that project. This money can be used only for the construction and land cost of that project, which prevents the diversion of one project’s funds to another. The developer can withdraw from the account in proportion to the construction completed, and each withdrawal must be certified by an architect, an engineer and a chartered accountant. The remaining thirty percent is available for other costs.

What are RERA Forms 1, 2 and 3?

Forms 1, 2 and 3 are the certificates that control withdrawals from the seventy percent project account. Form 1 is the architect’s certificate on the physical progress of the project, Form 2 is the engineer’s certificate on the cost incurred, and Form 3 is the chartered accountant’s certificate confirming that the withdrawals are in proportion to the completion and that the project money has been used for the project. Together they form the basis on which the bank releases funds and on which the quarterly and annual RERA reporting rests, so they are central to a developer’s compliance.

How often must a developer report to RERA?

A developer must update each registered project on the RERA website every quarter, filing a quarterly progress report that covers the status of construction, the apartments and garages booked, the approvals received and any changes, generally within a set number of days after the quarter ends. In addition, the project accounts are audited annually by a chartered accountant. Because the reports are public and are matched against the registered commitments, accuracy is important, as discrepancies invite regulatory scrutiny and damage buyer confidence.

Why do developers use SPVs and how does it affect compliance?

Developers often hold each project, or a joint development with a landowner or partner, in a separate special purpose vehicle or joint venture, so that the project’s finances, risk and RERA registration are ring-fenced in their own entity, which lenders and partners usually prefer. The trade-off is more compliance, because each SPV is itself a company with its own ROC filings, audit and DIR-3 KYC, in addition to the project’s RERA obligations. So a developer with several projects manages company compliance for several entities plus the RERA compliance for each project, which is why coordinated handling matters.

Does a real estate company need a net worth certificate?

Often, yes. State RERA authorities and lenders commonly ask a developer to demonstrate its net worth as part of project registration, financing and tender qualification, through a net worth certificate issued by a chartered accountant. This certifies the developer’s assets less liabilities as at a date and gives the authority or lender comfort about the developer’s financial capacity to complete the project. We issue net worth and turnover certificates for RERA registration, bank and working-capital lines, and tenders, alongside the rest of the compliance.

Can you handle compliance across all our projects and entities?

Yes. Our real estate compliance retainer runs the company compliance for the holding company and each SPV, AOC-4, MGT-7, the audit, ADT-1 and KYC, together with the RERA compliance for each project, the registration, the quarterly progress reports, the seventy percent account and Form 3 certification, and the annual project audit, alongside the project-specific accounting. We keep the company and project sides on one calendar across all the entities, and issue the net worth certificates needed for registration, all from a starting fee of 14,999 rupees a year, scoped to the number of projects and SPVs.

Real estate company ki compliance kya hai?

Real estate company ko company ki AOC-4 aur MGT-7 ke saath har project par RERA bhi follow karna hota hai, registration, 70 percent account, quarterly progress report aur Form 1, 2, 3 certificates.

RERA ka 70 percent rule kya hai?

70 percent rule ke tahat buyers se collect kiye paise ka 70 percent alag project account me rakhna hota hai, jo sirf us project ke construction aur land par kharch ho sakta hai.

Quick Answers

Registration? Per project, with the state RERA authority.

70% rule? Section 4(2)(l)(D), separate project account.

Withdrawal certificates? Form 1, 2 and 3.

Reporting? Quarterly on the RERA website.

Why Specialist Support Matters

In real estate, a compliance slip is public and costly. A missed quarterly report or a discrepancy shows up on the RERA dashboard for buyers to see, a 70% account breach or an advertisement before registration draws penalties that can reach a proportion of project cost, and at worst a registration can be revoked, stalling the project. With several projects and SPVs, the obligations multiply. Running the company and RERA sides together on one tracked calendar is what keeps a developer compliant and credible with buyers, lenders and the authority.

Set up your real estate compliance - Call +91 945 945 6700 or WhatsApp us. We respond within 2 hours.

Set Up Real Estate Compliance with Patron Accounting

Corporate compliance for a construction and real estate company is the company stack plus the RERA project overlay, project registration with the state authority, the seventy percent project account, the quarterly progress reports, the architect, engineer and CA certificates, and the annual project audit, run alongside project-specific accounting and the JV and SPV structures developers use.

The company and the projects are regulated in parallel, and the obligations multiply across entities. This page maps the whole picture and routes you to each service. Patron Accounting, with a qualified CA and CS team and offices in Pune, Mumbai, Delhi and Gurugram, runs real estate compliance as one integrated engagement from 14,999 rupees a year.

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Real Estate Compliance Support Across India

In-person and remote construction and real estate compliance support from our offices in Pune, Mumbai, Delhi and Gurugram.

Component Services

Project accounting, certificates and ROC compliance

Real Estate Accounting

India

Net Worth Certificate

India

Real Estate Payroll

India

Pvt Ltd Company Compliance

Content Created: 3 June 2026 | Last Updated: | Next Review: 4 September 2026 | Reviewed By: CA & CS Team, Patron Accounting LLP

This page is reviewed at least yearly and updated whenever the RERA Act, the state RERA rules, the 70% account and Form 1/2/3 framework, the quarterly reporting requirements, or the Companies Act compliance stack change. Freshness Tier 1.

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