MahaRERA Quarterly Project Update – CA Support for Financial Details

quarterly

What We Check Each Quarter

Quarterly figures feed straight into the annual Form 5. Mismatches are easier to fix now than in September.

Form 1 %	Matches the cost-incurred % in Form 3
Withdrawals	Match what the bank released
Collections	100% into collection account, split 70/30
Record	Kept ready for the Form 5 auditor

Related: Form 1, 2 & 3 Explained — Architect, engineer, CA.

pick your form

Which RERA Certificate Do You Need?

Tap a form to see who signs it, when it's needed, and what we check.

see before you apply

See Exactly What You'll Receive

A sample Form 3 layout, with the parts that get it accepted by the bank and MahaRERA highlighted.

UDIN, verifiable on the ICAI portal

MahaRERA registration no.

CA and promoter signature

official CA stamp

Figures Stay Confidential

Project cost, collections and withdrawal amounts are blurred here — this is a sample. Your certificate shows every figure in full.

What matters before it goes to the bank: the correct MahaRERA number, figures that match your books and the architect's completion %, a genuine UDIN, and signatures from both the CA and the promoter.

Ask a CA First

what is it

What is a RERA CA Certificate?

Under Section 4(2)(l)(D) of the RERA Act, a promoter must keep 70% of money collected from buyers in a separate bank account, and use it only for land and construction cost. A CA certificate proves the money moved out only as the building actually progressed.

each withdrawal + registration

Form 3 — CA Certificate

Certifies project cost incurred and the amount you can withdraw from the separate account.

Filed with Form 1 (architect) and Form 2 (engineer)
Signed by the CA and the promoter
Submitted to the bank at withdrawal; copy uploaded to MahaRERA

once a year

Form 5 — Annual Audit Report

Issued by the promoter's statutory auditor, project by project.

Confirms project money was used only for that project
Confirms withdrawals matched % of completion
Due by 30 September for the previous financial year

who needs this

Who Needs This?

New Project PromotersForm 3 at MahaRERA registration

Ongoing ProjectsForm 3 for every withdrawal cycle

All Registered ProjectsForm 5 every year till completion

Redevelopment & SRARehab cost treatment in Form 3

JV / Multiple PromotersRevenue-share and master account setups

Projects Seeking ExtensionUpdated financials for MahaRERA

before you apply

Documents You'll Need

MahaRERA registration certificate RERA account bank statements (collection, separate, transaction) Form 1 (architect) & Form 2 (engineer) for the period Project cost estimate & land cost papers Construction bills & contractor ledgers Sales register / allottee receipts Previous Form 3 / Form 5, if any

Not sure what applies to your project stage? Share your MahaRERA number on WhatsApp — we'll tell you exactly which documents to send.

your CA

Signed by a Practising Chartered Accountant

Not a back office. Every project file is reviewed personally before it carries a signature.

CA Rinky Vishwakarma LinkedIn ICAI No.: 177507

Partner, SVT & Associates

Fellow Chartered Accountant with Big 4 and investment banking background. Matches every Form 3 figure to your RERA bank statements, cost ledgers and the architect's completion %, so the annual Form 5 audit doesn't throw up a mismatch later.

what you get

Built to Pass the Annual Audit

A Form 3 that doesn't match the books shows up in Form 5. We prepare it so it holds up.

✓
CA-Signed Certificate in MahaRERA FormatOn firm letterhead, with UDIN
✓
Withdrawal Limit Worked OutProportion to % completion, less earlier withdrawals
✓
Cost Checked Against BooksLand cost, construction cost and bills reconciled
✓
Account-Structure CheckCollection, separate (70%) and transaction (30%) accounts
✓
Two-CA Rule Checked FirstWe confirm we're allowed to sign before you pay

Verify It Yourself

Every certificate carries a UDIN generated through ICAI. Your bank and MahaRERA can confirm it came from a practising CA.

Search any UDIN at udin.icai.org — it shows our CA's name and registration.

Check your project's uploaded forms on the MahaRERA website.

how it works

Documents In, Certificate Out

1

Share Your MahaRERA Number

Tell us the form you need and the period it covers.

2

CA Checks the Numbers

Bank statements, cost ledgers and Form 1/2 matched.

3

Review the Draft

See the withdrawal figure or audit findings before signing.

4

Signed & Delivered

UDIN-verified certificate, ready for the bank and MahaRERA upload.

Figures don't support the withdrawal you wanted? We tell you the correct eligible amount before signing — not after the bank or the auditor catches it.

Fee depends on project size and the form needed — confirmed in writing before we start.

MahaRERA CA Certificate

One clear quote per project. No surprise add-ons.

Form 3 or Form 5 with UDIN
Figures reconciled with RERA bank accounts
Withdrawal eligibility worked out
Direct CA contact on WhatsApp

Quote in writingbefore any work starts

Get My Free Scope Check Ask a CA First

Why No Flat Price Here?

A 12-unit building and a 400-unit township don't take the same work. We look at your project size, number of withdrawal periods and account setup, then give you one fixed quote.

common situations

Where Promoters Usually Get Stuck

withdrawal

Bank won't release funds

The bank needs Form 1, 2 and 3 together for each withdrawal. We prepare Form 3 so the figures line up with the architect's and engineer's certificates.

redevelopment

Rehab cost treatment

In redevelopment and SRA projects, rehab building cost counts as project cost. We show it correctly so eligible withdrawals aren't understated.

annual audit

Form 5 deadline close

Form 5 is due by 30 September. Late or missing uploads count as a compliance lapse against the promoter. Start early — bank statements take time.

avoid this

Why RERA Certificates Cause Trouble

Problem	What We Check First
Withdrawal more than % completion allows	Eligible amount worked out from Form 1 % and earlier withdrawals
Land cost paid from the separate account where not allowed	Nature of each payment checked before it's counted
Form 3 figures don't match Form 5 audit	Every figure tied back to the books and bank statements
Same CA signing Form 3 and Form 5	Two-CA rule confirmed before we accept the work
Wrong project name or registration number	Matched exactly to the MahaRERA registration certificate
Missing or invalid UDIN	UDIN on every certificate, verifiable on udin.icai.org

20+ Years Combined CA Experience · 4.8 Google Rating ★ · ICAI-Registered Practising CAs · Office in Goregaon West, Mumbai

questions

Frequently Asked Questions

Is a quarterly update mandatory? +

Yes. Failure to make the quarterly project update violates Section 11 of the RERA Act and makes the promoter liable for penal action.

Is Form 3 mandatory in the quarterly update? +

The rules don't explicitly require it, but the MahaRERA update process provides a field to upload Form 3 along with Form 1 and Form 2.

Who updates the portal? +

The promoter logs in, pays the update fee and edits the project fields.

Can the same CA issue Form 3 and Form 5? +

No. MahaRERA requires Form 3 and Form 5 to be issued by two separate Chartered Accountants. If we are your statutory auditor, we issue Form 5 and another CA issues Form 3, and the other way round.

When is MahaRERA Form 5 due? +

Form 5 must be obtained within 6 months from the end of the financial year, that is, by 30 September, for every registered project.

See all RERA CA certificate pages, or pick a related topic.

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