Goa Real Estate Regulatory Authority
Department of Urban Development
Government of Goa
F. No: 3/RERA/Off. Matters/2019/84
Date: 23.01.2020
Circular
Sub: Architect’s certificate, Engineer’s certificate and Chartered Accountant’s certificate under Section 4.2 (l)(D) of the RERA (Act), 2016.
As per Section 4.2(l)(D) of RERA (Act), 2016 the amounts from the separate account shall be withdrawn by the promoter after it is certified by an Engineer, an Architect and a Chartered Accountant in practice that the withdrawal is in proportion to the percentage of completion of the project.
After thorough analysis of the above Section, the Goa RERA(Authority) has come to the conclusion that Architect’s Certificate and Engineer’s Certificate are not necessary for registration of the project.
However Architect’s certificate, Engineer’s certificate and Chartered Accountant’s certificate, in prescribed format (formats enclosed herewith) shall be necessary for the purpose of withdrawing the amount from the separate account as required under Section 4.2 (l)(D) of RERA (Act), 2016 and the promoter(s) will maintain the same for audit and other purposes.
This is issued with approval of the authority.
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