Compliance with RERA (Real Estate Regulation and Development Act) in Bangalore

The Real Estate (Regulation and Development) Act, 2016 (RERA) has revolutionized the Indian real estate sector, bringing much-needed transparency, accountability, and efficiency. In a booming market like Bangalore, RERA compliance isn’t just a legal requirement—it's a competitive advantage.

At TAXAJ, we simplify RERA compliance for builders, promoters, and agents, ensuring full adherence to regulatory standards while you focus on growing your real estate business.

🏗️ Why RERA Compliance Matters in Bangalore

Bangalore's real estate sector is among the most dynamic in India, with constant demand from homebuyers and investors. To protect buyer interests and instill discipline in the sector, Karnataka RERA (KRERA) mandates registration and compliance for:

• Residential and commercial projects above 500 sq. meters or 8 units

• All real estate agents facilitating project sales

• Builders and promoters engaging in any marketing or sales activity before registration

⚖️ Key RERA Compliance Requirements

Here are some of the crucial elements under the RERA framework in Bangalore:

Compliance Requirement	Details
Project Registration	Mandatory before marketing or selling; includes approvals, layout, etc.
Escrow Fund Management	70% of buyer funds must go into a dedicated escrow account
Quarterly Progress Updates	Developers must update project status on the KRERA portal
Timely Delivery	Mandatory handover by promised dates, with penalties for delays
Agent Registration	Required for any agent dealing in project sales

🧾 Challenges Faced by Builders and Agents

Despite the clarity of the law, many real estate players face issues like:

• Incomplete documentation during registration

• Delays in quarterly filings and updates

• Escrow account compliance missteps

• Penalties for non-compliance or missed deadlines

This is where TAXAJ becomes your strategic compliance partner.

✅ How TAXAJ Helps You Stay Compliant

At TAXAJ, we provide end-to-end RERA compliance support in Bangalore, including:

🔹 Project & Agent Registration

We handle KRERA registration from start to finish, ensuring zero errors or rejections.

🔹 Escrow Account Assistance

Our financial team helps you set up and manage your escrow accounts to meet RERA norms.

🔹 Regular Filings & Updates

We monitor deadlines and file quarterly project progress reports, keeping you fully compliant.

🔹 Legal & Advisory Support

Our experts advise on buyer disputes, delayed timelines, and regulatory interpretations.

🔹 Ongoing Compliance Packages

Choose from flexible compliance plans designed for single projects or ongoing developments.

🏆 Why Choose TAXAJ for RERA Compliance in Bangalore?

• ✅ Expertise in KRERA Procedures

• ✅ Timely Filings & Zero Delays

• ✅ Affordable & Transparent Pricing

• ✅ PAN-India Presence with Local Knowledge

📞 Let TAXAJ Take the Compliance Burden Off Your Shoulders

If you're a builder, developer, or agent operating in Bangalore's real estate market, don’t risk non-compliance. Partner with TAXAJ for reliable, efficient, and professional RERA compliance services.

Get RERA Compliance with TAXAJ