Sector Context
Since RERA came into force, real estate developers operate under one of the most document-heavy compliance regimes of any Indian sector — project registration, 70% escrow fund allocation for construction-linked payments, quarterly compliance reporting, and CA-certified Form 3 filings confirming that land cost, project estimates, and fund sources are accurately stated. Escrow mismanagement and inaccurate certification carry real professional exposure, not just regulatory penalties. Layer on project financing, GST on under-construction sales, and standard corporate compliance, and a developer needs an advisor who treats RERA as a specialism, not an add-on to general audit work.