Architect, Engineer and Chartered Accountants' Certification of % completion of the Project

As part of our comprehensive RERA consultancy services, we provide Architect, Engineer, and Chartered Accountants' Certification of % Completion of the Project, crucial for QPR Filing and fund utilization in compliance with the Real Estate Regulation and Development Act (RERA).

Let's explore how this service is essential for these key aspects:

1. What are Architect, Engineer, and Chartered Accountants' Certification of % Completion of the Project?
Certification of % Completion is a vital requirement under RERA, ensuring accuracy and reliability in reporting project progress and financial status. This certification involves a thorough assessment by qualified professionals to validate the project's physical and financial progress, required for two critical purposes:

2.QPR Filing: These certifications are integral components of the Quarterly Progress Report (QPR) filed with the Real Estate Regulatory Authority (RERA). They provide accurate and reliable information on project progress and financial status, essential for regulatory compliance and transparency.

3.Fund Utilization: The certifications are also required when developers seek to withdraw/utilize funds from the 70%/Designated/SeparateAccount maintained as per RERA guidelines. They validate the % completion of the project, ensuring that funds are utilized appropriately and in accordance with project milestones.

This certification offers several benefits to developers and regulatory authorities:

1.Regulatory Compliance: Certification ensures compliance with RERA regulations for both QPR filing and fund utilization, minimizing the risk of penalties for non-compliance and ensuring transparency in project management.

2.Accurate Reporting: Reliable certification provides stakeholders with accurate and credible information on project progress and financial status, enhancing trust and confidence in the project's performance.

3.Efficient Fund Management: Valid certification enables developers to efficiently manage and utilize funds from the designated accounts, ensuring that funds are allocated appropriately to support project development.

4.Stakeholder Confidence: Certification by independent professionals instills confidence among homebuyers, investors, and regulatory authorities, demonstrating the developer's commitment to transparency and accountability.

Obtaining Architect, Engineer, and Chartered Accountant Certificates is essential for QPR filing and fund withdrawal from designated accounts under RERA. Here’s why Apex RERA Professionals is your best choice:

1.Expert Validation: Our certified professionals ensure your project meets all necessary standards.

2.Comprehensive Service: We provide all required certifications in one place, simplifying the process.

3.Accuracy and Compliance: Rigorous review and precise documentation to comply with RERA regulations.

4.Timely Delivery: Fast and efficient service to meet your deadlines without delays.

 

 

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