Track the 70% rule. Prepare Form 3 in minutes. Never get caught short.

ReraDesk monitors your RERA escrow account balance, tracks withdrawal applications, and auto-populates Form 3 for CA certification — eliminating the manual cross-check every quarter.

What It Does

Built for RERA compliance, not generic workflows

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70% balance monitoring

Real-time tracking of your RERA-designated escrow balance against the 70% obligation. Threshold alerts before breach.

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Form 3 workbench

Auto-populates Form 3 (CA escrow withdrawal certificate) from verified QPR and bank data. CA reviews and certifies in-app.

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Withdrawal reconciliation

Cross-reference withdrawal applications against Form 1 (architect) and Form 2 (engineer) certificates automatically.

⚠️

Threshold alerts

Automated alerts when escrow balance approaches the 70% threshold or withdrawal lacks required certificates.

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Lender-ready reports

Formatted escrow health report — CIRP status, escrow history, withdrawal summary — for NBFC/bank diligence.

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Three-account monitoring

Monitors Collection Account (100%), Construction Account (70%), and Transaction Account (30%) per emerging mandates.

How It Works

Step by step

Step 1

Bank statement synced

Bank statement for RERA escrow account uploaded or synced via Tally/Zoho Books connector.

Step 2

Balance validated against 70% rule

Calculates required 70% balance from total buyer receipts. Flags any shortfall immediately.

Step 3

Withdrawal application submitted

Developer submits withdrawal request with supporting Form 1/2 (architect/engineer certificates).

Step 4

CA certifies on Form 3

CA reviews withdrawal and supporting docs in-app. Form 3 auto-populated from verified data. CA signs with UDIN.

Step 5

Withdrawal recorded in audit trail

Approved withdrawal logged immutably with CA certification hash, amount, date, and post-withdrawal escrow balance.

Proof of value: Builders report Form 3 preparation time reduced from 2–3 days to under 30 minutes per certification using the escrow workbench.

Related features

QPR Filing →Audit Trail →Form-7 Reconciler →

Ready to eliminate manual compliance risk?

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