Statutory & Legal Engineering

RERAComplianceArchitecture

Standardized for Real Estate (Regulation and Development) Act, 2016 Guidelines across All Indian States

1. Transparent Carpet Area Metric Exclusivity

In strict accordance with RERA Section 2(k), PropPulse strictly bases all unit base calculations on RERA Carpet Area (usable floor area inside the walls), eliminating ambiguous super built-up discrepancies.

2. Itemized Multi-Component Statutory Separation

PropPulse automatically segregates quotations into 3 distinct statutory buckets:

  • Part A (Agreement Value): Base Carpet Rate + Pre-approved Floor Rise + Approved PLC + Covered Parking.
  • Part B (Statutory Levies): State-specific Stamp Duty (e.g. 6% in Maharashtra), Registration fee (1% capped at ₹30,000), and GST (5% for Under-Construction Residential).
  • Part C (Possession & Infrastructure): Society formation charges, advance maintenance, and water/electric infrastructure.

3. 7-Stage Construction Linked Payment (CLP) Schedule

Standardized payment milestones conform to statutory maximum collection caps: 10% on Booking → 10% on Sale Agreement Execution → 15% on Completion of Plinth → 25% on Slabs → 15% on Brickwork → 15% on Flooring/Sanitary → 10% on Possession & Handover.

4. Dedicated Escrow Account Demand Letters

All automated milestone WhatsApp demand notes explicitly print the developer's RERA 70% Designated Escrow Bank Account details, preventing misallocated collections.