Project accounts · Haryana
Project-wise accounts for your RERA project
We keep the books of each project on their own and match them to the project bank accounts every month, so the position of the separate project account can be shown whenever it is asked for. Ask for a quote; there is no price list.
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Why it helps
Each project on its own
Collections, costs and bank balances are tracked project by project, never mixed with your other projects.
Monthly matching to the bank
The books are matched to the project bank accounts every month, and differences are listed for you to resolve.
The separate account in view
You can see what has gone into the separate project account, what has come out and what is left, at any date.
Figures ready when asked
When a quarterly update or the annual accounts need figures, they are already organised.
Fewer surprises at year end
Gaps show up month by month instead of in one rush before the annual limit.
Local support from Hisar
We work with promoters across Hisar, Hansi, Uklana, Fatehabad, Sirsa, Bhiwani and Jind.
Who it is for
- Builders and colonizers with one or more registered projects
- Promoters who keep one set of books for all their projects and want them split
- Promoters whose project bank account has never been matched to the books
- Promoters preparing for the independent professional who examines the project accounts each year
What we do
Project-wise accounting and bank account reconciliation
We keep the books of each project separate and match them to the project bank accounts every month, so the numbers are ready when you need them.
Compliance calendar and reminders
A dated list of what each of your projects has to do next, with email reminders before each date.
Setting up project-wise books
We set up a separate set of books for each project, with its own collections, costs and bank accounts.
Monthly reconciliation
Every month we match the books to the bank statements and send you a short list of differences.
A running view of the separate account
A simple schedule shows deposits, withdrawals and the balance of the separate project account.
Schedules for the independent professional
We organise the schedules and the supporting papers an independent professional asks for, so they can do their work quickly.
What the rules say
Taken from the Act, the Haryana rules and the authorities' own directions, each with its official source. The last card is a direction of the Gurugram authority only.
All of Haryana
The separate project account
Seventy per cent of the amounts realised from allottees must be deposited in a separate account in a scheduled bank to cover construction and land cost, and used only for that purpose. The promoter may withdraw from it only in proportion to the percentage of completion of the project, and only after an engineer, an architect and a chartered accountant in practice have certified that the withdrawal is in that proportion (Act section 4(2)(l)(D)). The format is set by the Authority.
All of Haryana
Projects already running when they register
For an ongoing project, the Haryana Rules (rule 4(4), as substituted in 2019) require the promoter, within three months of applying for registration, to deposit in a separate bank account seventy per cent of the amount already realised from allottees, minus the expenditure incurred and paid for the cost of construction and the proportionate land cost.
Central law or scheme
The annual project accounts
The Act requires the promoter to have the project accounts audited within six months after the end of every financial year, which is 30 September for a year ending 31 March (Act section 4(2)(l)(D)). How and where the audited statement is filed is set by each authority.
HRERA Gurugram only
In Gurugram, HRERA Gurugram's directions require three accounts
HRERA Gurugram's Bank Accounts Directions of 2019 require three bank accounts for a registered project (MASTER, RERA and FREE) in the same bank branch. This is a Gurugram direction; no equivalent has been found for HRERA Panchkula.
The three-account structure is a direction of the Gurugram authority. The towns we serve from Hisar fall under the Panchkula authority, so it is not described here as a rule for them. Which account arrangement the Panchkula authority expects for your project is to be verified by our expert team.
See how a withdrawal is worked out with the free withdrawal planner.
How it works
Step 1: Tell us about your projects
Send the enquiry form or a WhatsApp message with the project names, the town and the bank accounts in use.
Step 2: We review what you have
Our expert team looks at your current books and bank statements and lists what needs to be set up or corrected.
Step 3: You get a quote
We send a quote for the work you asked about. You decide whether to go ahead.
Step 4: We set up and reconcile
We set up project-wise books and match them to the bank for the months you choose.
Step 5: We keep it up every month
Each month we update the books, match the bank and send you the list of differences.
Documents we usually ask for
- Statements of every bank account used for the project
- Your existing books or ledger for the project, in any format
- The list of buyers with the amounts due and received
- Bills and payment records for construction and land cost
- Loan statements, if the project has a loan
- Your registration details and any earlier accounts prepared for the project
The exact list depends on your case; we confirm it with you on the first call.
Good to know
- You remain the promoter of record. We keep and organise the books; the figures and the accounts are yours.
- We do not examine or sign the project accounts. That is done by an independent professional you choose and pay yourself.
- Account arrangements are set by the Act, the Haryana rules and the authority. Any detail our expert team has not yet confirmed is marked "to be verified by our expert team" on this site.
- Nothing on this page is legal advice.
Frequently asked questions
Do I need a separate bank account for my project?
Seventy per cent of the amounts realised from allottees must be deposited in a separate account in a scheduled bank to cover construction and land cost, and used only for that purpose. The promoter may withdraw from it only in proportion to the percentage of completion of the project, and only after an engineer, an architect and a chartered accountant in practice have certified that the withdrawal is in that proportion (Act section 4(2)(l)(D)). The format is set by the Authority. Our expert team can walk you through what that means for your project.
What about a project that was already running when it was registered?
For an ongoing project, the Haryana Rules (rule 4(4), as substituted in 2019) require the promoter, within three months of applying for registration, to deposit in a separate bank account seventy per cent of the amount already realised from allottees, minus the expenditure incurred and paid for the cost of construction and the proportionate land cost.
When are the annual project accounts due?
The Act requires the promoter to have the project accounts audited within six months after the end of every financial year, which is 30 September for a year ending 31 March (Act section 4(2)(l)(D)). How and where the audited statement is filed is set by each authority. We organise the schedules; the examination is done by an independent professional you choose.
Do the three Gurugram accounts (MASTER, RERA and FREE) apply to me?
HRERA Gurugram's Bank Accounts Directions of 2019 require three bank accounts for a registered project (MASTER, RERA and FREE) in the same bank branch. This is a Gurugram direction; no equivalent has been found for HRERA Panchkula. It is not described here as a rule for projects under the Panchkula authority, and which arrangement applies to yours is to be verified by our expert team.
Who examines and signs the project accounts?
An independent professional that you choose, appoint and pay yourself. We prepare the data and papers they ask for, and the note on this page explains how to find one.
Which authority does my project fall under?
In Haryana, the Real Estate Regulatory Authority, Gurugram covers the entire Gurugram district, and the Haryana Real Estate Regulatory Authority, Panchkula covers the rest of Haryana. The towns we serve from Hisar are all outside Gurugram district, so they fall under the Panchkula authority. The official website, haryanarera.gov.in, publishes each authority's forms, fees and notices.
What does it cost?
There is no price list here because every project is different. Ask for a quote: we reply once we understand your project, and you decide after that.
Ready to talk it through?
Tell us about your case and we will explain the next step. There is no charge for the first conversation.
Related services
- Withdrawal plannerAn illustration of how a withdrawal from the separate account is worked out.Read more
- Quarterly update supportThe update that uses these figures every quarter.Read more
- RERA support for buildersThe full set of paperwork support for builders and colonizers.Read more
- RERA support in HaryanaThe overview: who we help, which authority applies and the enquiry form.Read more