RERA Accounts
RERA Accounts
Transparency and Compliance Made Simple 🏗️
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Understanding RERA Accounts — In Simple Terms 📚
When you buy a home in a new project, you're placing both trust and money in the hands of a developer. To ensure this trust is protected, the Government introduced the Real Estate (Regulation and Development) Act, 2016 (RERA) — a reform designed to bring accountability and transparency to the real estate sector.
Here's how a RERA Account works:
Builders must deposit at least 70% of buyer payments into a dedicated RERA-designated account.
These funds can be used only for that project's construction and land cost.
Each withdrawal must be approved by a Chartered Accountant, Engineer, and Architect based on completion milestones.
Every transaction ensures buyers' money builds their homes — not someone else's.
💡 In short: A RERA Account safeguards buyers and rewards compliant developers through a transparent, certified, and traceable funding process.
Why Builders and Banks Need a Smarter Way 🤔
While the principle of RERA is straightforward, the execution can vary across states and projects:
Each state enforces its own circulars and account naming rules.
Builders coordinate with multiple banks and certifiers manually.
Banks must ensure strict adherence to RERA directions and audits.
Offline document handling causes delays, duplication, and errors.
👉 A unified, digital RERA framework eliminates this complexity.
The Excro.in Digital RERA Framework ⚡
Excro.in bridges builders, certifiers, and banks through a single connected platform that automates fund control, documentation, and reporting — ensuring effortless compliance.
🔹 Built for Builders. Backed by Banks.
Our RERA Account Suite is API-ready and integrates directly with partner banks to streamline every step of RERA fund management.
Key Features:
| Feature | What It Does | Benefit |
|---|---|---|
Automated 70:30 Split | Manages designated and separate accounts digitally | ✓ Zero manual allocation errors |
Digital Certification Workflow | Upload & verify CA/Engineer/Architect approvals | ✓ Faster drawdown approvals |
Multi-State Compatibility | Auto-applies correct naming formats per state circular | ✓ Seamless pan-India rollout |
Real-Time Reconciliation | Monitors every inflow and utilization | ✓ Instant audit readiness |
Escrow-Grade Security | Built on Excro.in's regulated trust layer | ✓ Financial-grade protection |
For Developers & Builders 🏗️
Simplify project compliance from Day 1.
Quick Setup
Open and operate RERA Accounts in minutes with Excro.in partner banks.
Automated Tracking
Automate fund flow tracking and milestone-based certifications.
Digital Records
Eliminate repetitive paperwork with digital records and alerts.
Transparent Dashboards
Build trust through transparent, regulator-ready dashboards.
"Focus on building homes — Excro.in handles the compliance."
For Banks & Financial Institutions 🏦
Deliver RERA-compliant solutions with zero extra effort.
Deploy Excro.in's RERA module as a white-label or integrated API.
Ensure compliance with all state circulars and nomenclature norms.
Monitor RERA & loan escrow layers through a unified dashboard.
Strengthen developer relationships through digital convenience.
Why Excro.in? 🌟
Because compliance should empower, not complicate.
With Excro.in, compliance becomes your competitive edge. 🚀
Statewise RERA Account Structures 🗺️
Under Section 4(2)(l)(D) of RERA: 70% of buyer funds must be deposited in a dedicated project account and used only for that project's development.
| State | Account Type / Structure | Source URL |
|---|---|---|
Maharashtra | Collection; Separate (70%); Transaction (30%) | MahaRERA Circular |
Karnataka | Single RERA Bank Account (project-specific) | KRERA Regulations |
Gujarat | Collection; Retention/Separate (70%); Transaction | GujRERA Directions |
Uttar Pradesh | Collection; Separate (70%); Transaction | UP-RERA Circular |
Haryana | Collection; Separate (70% – 'RERA Compliant Separate Account') | Haryana RERA Regulation |
Delhi (NCT) | Project RERA Escrow Account; Collection; Transaction | Delhi RERA Guidelines |
Kerala | Collection; Separate (70%) | Kerala RERA |
Andhra Pradesh | Collection; Separate (70%); Transaction | AP RERA Directions |
Telangana | Collection; Separate (70% - 'Separate Bank Account'); Transaction | TG RERA Circular |
Rajasthan | Separate/Retention Account (70%); Project-specific naming required | Rajasthan RERA Order |
Punjab | Collection; Special/Separate Account (70%) | Punjab RERA Checklist |
Tamil Nadu | Collection; Separate (70% escrow); Transaction | TNRERA |