The Goa Real Estate (Regulation and Development) (Registration of Real Estate Projects,

Registration of Real Estate Agents, Rates of Interest and Disclosures on Website) Rules, 2017

FORM-1
(See Rule 5(1)(a)(ii))

ARCHITECT’S CERTIFICATE
(To be submitted at the time of Registration of On-going Project and for
withdrawal of Money from Designated Account)

Date:

To

(Name of the Promoter),

(Address of the Promoter),

Subject: Certificate of Percentage of Completion of Construction Work of ___ No. of Building(s)

/______ Wing(s) of the ______ Phase of the Project situated on the Plot bearing PTS no. ___,
Chalta no.__ /Survey no. / Plot no ____demarcated by its boundaries_________to the North
______ to the South_____to the East_____to the West, of Ward_____Municipality _____, village
panchayat _____ taluka _____ District _____PIN ____ admeasuring _____sq.mts. area being
developed by [Promoter’s Name]

Ref: Goa RERA Registration Number ________________________

Sir,

I/ We __________________ have undertaken assignment as Architect of certifying

Percentage of Completion of Construction W o r k of the Building(s)/___________
Wing(s) of the __________________Phase of the Project, situated on the plot bearing PTS no.
_________, Chalta no.______/Survey no.______ /Plot no_______________of
Ward_____________Municipality___________,village/panchayat_________________taluka___________
_______District_____________PIN_________________admeasuring ________ sq.mts. area being
developed by [Promoter’s Name]

1. Following technical professionals are appointed by Owner / Promoter :-

(i) M/s /Shri / Smt as Architect ;
(ii) M/s /Shri / Smt as Structural Consultant
(iii) M/s /Shri / Smt as MEP Consultant
(iv) M/s /Shri / Smt as Site Supervisor

Based on Site Inspection, with respect to each of the Building/Wing of the aforesaid
Real Estate Project , I certify that as on the date of this certificate, the Percentage of
Work done for each of the building/Wing of the Real Estate Project as
registered vide number __________________________ under Goa RERA is as per table A
herein below. The percentage of the work executed with respect to each of the
activity of the entire phase is detailed in Table B.

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 Table A

Building / Wing Number (to be prepared separately for each Building / Wing of the Project)

Percentage of
Sr. No Tasks /Activity
work done
1 Excavation
2 number of Basement(s) and Plinth
3 number of Podiums
4 Stilt Floor
5 number of Slabs of Super Structure
Internal walls, Internal
Plaster, Floorings within
6 Flats/Premises,
Doors and Windows to each of the Flat/Premises
Sanitary Fittings within the Flat / Premises,
7
Electrical Fittings within the Flat / Premises
Staircases, Lifts Wells and Lobbies at each
8 Floor level connecting Staircases and Lifts,
Overhead and Underground Water Tanks
The external plumbing and external plaster,
9 elevation, completion of terraces with waterproofing of
the Building / Wing,
Installation of lifts, water pumps, Fire Fighting Fittings
and Equipment as per CFO NOC, Electrical fittings to
Common Areas, electro, mechanical equipment,
Compliance to conditions of environment /CRZ NOC,
10
Finishing to entrance lobby/s, plinth protection,
paving of areas appurtenant to Building/Wing,
Compound Wall and all other requirements as may be
required to Obtain Occupation /Completion Certificate

TABLE-B

Internal & External Development Works in Respect of the entire Registered Phase

Sr. No. Common areas and Facilities, Proposed Percentage of Details

Amenities (Yes/No) work done

1. Internal Roads & Footpaths

2. Water Supply

3. Sewerage (chamber, lines, Septic

Tank , STP)
4. Storm Water Drains
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 5. Landscaping & Tree Planting
6. Street Lighting
7. Community Buildings

8. Treatment and disposal of sewage

and sullage water
9 Solid Waste management & Disposal
Water conservation, Rain water
10
harvesting
11 Energy management
Fire protection and fire safety
12
requirements
Electrical meter room, sub-station,
13
receiving station
14 Others (Option to Add more)

Yours Faithfully

Signature & Name ( IN BLOCK LETTERS ) of Architect

Council of Architecture Reg. No. _________________________

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 FORM-2
ARCHITECT'S CERTIFICATE
(To be issued on completion of each of the Building/Wing)

Date:

To
The _________________ (Name & Address of Promoter),
Subject: Certificate of Completion of Construction Work of __________Building /______Wing of the
Building of the project [Goa RERA Registration Number] situated on the Plot
bearing bearing PTS no. ____, Chalta no. ___/ Survey no. ___/ Plot no________demarcated
by its boundaries (latitude and longitude of the end points) ________ to the North ________ to
the South ________ to the East ________ to the West of Ward ________Municipality _________,
village panchayat __________ taluka__________District _____PIN _____admeasuring _______
sq.mts. area being developed by [Promoter’s Name]
Sir,

I / We have undertaken assignment as Architect of certifying

Completion of Construction Work of Building / Wing of the Building
situated on the plot bearing PTS no. _____, Chalta no. ___ / Survey no. ___/ Plot no.______Ward ___
Municipality_________ ,village panchayat ________ taluka District PIN_________________
admeasuring ________ sq.mts. area being developed by [Promoter’s Name].

1. Following technical professionals are appointed by Owner / Promoter :-

(i) M/s /Shri / Smt as Architect ;
(ii) M/s /Shri / Smt as Structural Consultant
(iii) M/s /Shri / Smt as MEP Consultant
(iv) M/s /Shri / Smt as Site Supervisor.

2. Based on Completion Certificate received from Structural Engineer and Site

Supervisor; and to the best of my / our knowledge I / We hereby certify that _____
Building / Wing of the Building has been completed in all aspects and is fit for
occupancy for which it has been erected / re-erected / constructed and enlarged.
The__________ Building /___________ Wing of the Building is granted Occupancy
Certificate / Completion Certificate bearing number________dated_________by _______
(Local Planning Authority)

Yours Faithfully

Signature & Name (IN BLOCK LETTERS) of Architect

Council of Architecture Reg. No. __________________

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 FORM-3
See Rule 5 (1) (a) (ii)

ENGINEER'S CERTIFICATE
(To be submitted at the time of Registration of On-going Project and for withdrawal of
Money from Designated Account- Project wise)

Date:
To
________________ (Name of the Promoter),
________________ (Address of the Promoter),

Subject: Certificate of Cost Incurred for Development of [Project Name] for Construction
of________building(s) / ________Wing(s) of the________ Phase situated on the Plot
bearing bearing PTS no. ____________ Chalta no. / Survey no. / Plot no____________
demarcated by its boundaries (latitude and longitude of the end points) ______to the
North ____to the South ___ __to the East _________to the West of Ward
_________Muncipality_________, village panchayat _______ taluka ________district
__________PIN___________admeasuring ____________sq.mts. area being developed by
[Promoter’s Name]
Ref: Goa RERA Registration Number _____________________

Sir,
I / We ____have undertaken assignment of certifying Estimated Cost for the Subject Real Estate
Project proposed to be registered under Goa RERA, being _______Building(s)/_______Wing(s) of the
________ Phase situated on the plot bearing PTS no. ___, Chalta no. ____/Survey no. ___/Plot no. ______
of Ward _______ Municipality ____________ , village panchayat _________ taluka ______ District _______
PIN_________ admeasuring _______ sq.mts. area being developed by [Promoter’s Name]
1. Following technical professionals are appointed by Owner / Promoter :-
(i) M/s /Shri / Smt as Architect ;
(ii) M/s /Shri / Smt as Structural Consultant
(iii) M/s /Shri / Smt as MEP Consultant
(iv) M/s /Shri / Smt as Quantity Surveyor *

2. We have estimated the cost of the completion to obtain Occupation Certificate/

Completion Certificate, of the Civil, MEP and Allied works, of the Building(s) of
the project. Our estimated cost calculations are based on the Drawings/plans
made available to us for the project under reference by the Developer and
Consultants and the Schedule of items and quantity for the entire work as
calculated by ______________________ quantity Surveyor* appointed by
Developer/Engineer, and the assumption of the cost of material, labour and
other inputs made by developer, and the site inspection carried out by us.
3. We estimate Total Estimated Cost of completion of the building(s) of the
aforesaid project under reference as Rs ___________ (Total of Table A and B).
The estimated Total Cost of project is with reference to the Civil, MEP and
allied works required to be completed for the purpose of obtaining occupation
certificate / completion certificate for the building(s) from the ________ being the
Planning Authority under whose jurisdiction the aforesaid project is being
implemented.
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 4. The Estimated Cost Incurred till date is calculated at Rs. (Total
of Table A and B). The amount of Estimated Cost Incurred is calculated on the
base of amount of Total Estimated Cost.
5. The Balance cost of Completion of the Civil, MEP and Allied works of the
Building(s) of the subject project to obtain Occupation Certificate /
Completion Certificate from _________ (planning Authority) is estimated at Rs
(Total of Table A and B).
6. I certify that the Cost of the Civil, MEP and allied work for the aforesaid Project
as completed on the date of this certificate is as given in Table A and B below :

TABLE A

Building /Wing bearing Number or called

(To be prepared separately for each Building /Wing of the Real Estate Project)

Sr. No Particulars Amounts

1 Total Estimated cost of the building/wing Rs. /-
as on date of Registration is
2 Cost incurred as on Rs. /-
(based on the Estimated cost )
3 Work done in Percentage %
(as Percentage of the estimated cost )
4 Balance Cost to be Incurred Rs. /-
(Based on Estimated Cost)
5 Cost Incurred on Additional /Extra Items Rs. /-
as on not included in
the Estimated Cost (Annexure A)

TABLE B

(to be prepared for the entire registered phase of the Real Estate Project)

Sr. No Particulars Amounts

1 Total Estimated cost of the Internal and External Rs. /-
Development Works including amenities and
Facilities in the layout as on
date of Registration is
2 Cost incurred as on Rs. /-
(based on the Estimated cost )
3 Work done in Percentage %
(as Percentage of the estimated cost )
4 Balance Cost to be Incurred Rs. /-
(Based on Estimated Cost)

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 5 Cost Incurred on Additional /Extra Items Rs. /-
as on not included in
the Estimated Cost (Annexure A)

Yours Faithfully,

Signature & Name (IN BLOCK LETTERS) of Engineer

Town and Country Planning Department Reg. No. _________________

Note

1. The scope of work is to complete entire Real Estate Project as per drawings
approved from time to time so as to obtain Occupation Certificate /Completion
Certificate.
2. (*) Quantity survey can be done by office of Engineer or can be done by an
independent Quantity Surveyor, whose certificate of quantity calculated can be
relied upon by the Engineer. In case of independent quantity surveyor being
appointed by Developer, the name has to be mentioned at the place marked (*)
and in case quantity are being calculated by office of Engineer, the name of the
person in the office of Engineer, who is responsible for the quantity calculated
should be mentioned at the place marked (*).
3. The estimated cost includes all labour, material, equipment and machinery
required to carry out entire work.
4. As this is an estimated cost, any deviation in quantity required for
development of the Real estate Project will result in amendment of the cost
incurred/to be incurred.
5. All components of work with specifications are indicative and not exhaustive.

Annexure A

List of Extra / Additional Items executed with Cost

(Which were not part of the original Estimate of Total Cost)

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 FORM-4
(See Rule 5 (1) (a) (ii))

CHARTERED ACCOUNTANT'S CERTIFICATE (On Letter Head)

(FOR REGISTRATION OF A PROJECT AND SUBSEQUENT WITHDRAWAL OF MONEY)

Cost of Real Estate Project GoaRERA Registration Number __________________________________

Sr. Particulars Amount (Rs.)

No. Estimated Incurred
1 i. Land Cost :
a. Acquisition Cost of Land or Development Rights, lease
Premium, lease rent, interest cost incurred or payable on
Land Cost and legal cost
OR
Value of Land as ascertained from ASR prepared under
the provisions of the Applicable Act applicable on the date
of registration real estate project or as ascertained by
Registered Valuer (In case due to inheritance, gift or
otherwise, is not required to incur any cost towards
acquisition of ownership or title to land)

b. Amount of Premium payable to obtain development rights,

FAR, additional FAR, fungible area, and any other
incentive under DCR from Local Authority or State
Government or any Statutory Authority
c. Acquisition cost of TDR (if any)
d. Amounts payable to State Government or competent
authority or any other statutory authority of the State or
Central Government, towards stamp duty, transfer
charges, registration fees etc; and

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f. Land Premium payable as per annual statement of rates
(ASR) for redevelopment of land owned by public
authorities.
g. Under Rehabilitation scheme:
(i) Estimated construction cost of rehab building including
site development and infrastructure for the same as
certified by Engineer
(ii) Actual Cost of construction of rehab building incurred

as per the books of accounts as verified by the CA

Note: (for total cost of construction incurred, Minimum
of (i) or (ii) is to be considered)
(iii) Cost towards clearance of land of all or any
encumbrances including cost of removal of legal/illegal
occupants, cost for providing temporary transit
accommodation or rent in lieu of Transit Accommodation,
overhead cost,
(iv) Cost of ASR linked premium, fees, charges and
security deposits or maintenance deposit, or any amount
whatsoever payable to any authorities towards and in
project of rehabilitation.
Sub-Total of LAND COST
..1(i)…

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 ii. Development Cost / Cost of Construction :
a. (i) Estimated Cost of Construction as certified by Engineer

(ii) Actual Cost of construction incurred as per the books of

accounts as verified by the CA
Note: (for adding to total cost of construction
incurred, Minimum of (i) or (ii) is to be considered)
(ii) On-site expenditure incurred for development of project
or phase of the project registered i.e. salaries, consultants
fees, site overheads, development works, cost of services
(including water, electricity, sewerage, drainage, layout
roads etc.), cost of machineries and equipment including
its hire and maintenance costs, consumables etc.
excluding cost of construction as per (i)
or (ii) above
(iv) Off-Site expenditure incurred for development of

project or phase of the project including all costs directly

or indirectly incurred to complete the construction of the

entire project or phase of the project registered.
b. Payment of Taxes, cess, fees, charges, premiums, interest
etc to any statutory Authority.
c. Principal sum and interest payable to financial institutions,
scheduled banks, non-banking financial institution (NBFC)
or money lenders on construction funding or money
borrowed for construction;
Sub-Total of Development Cost
..1(ii)..
Total Estimated Cost of the Real Estate Project [1(i) +
2
1(ii)] of Estimated Column
Total Cost Incurred of the Real Estate Project [1(i) +
3
1(ii)] of Incurred Column
% completion of Construction Work (as per Project
4
Architect’s Certificate)
Proportion of the Cost incurred on Land Cost and
5
Construction Cost to the Total Estimated Cost. ( 3/2 %)
Amount Which can be withdrawn from the Designated

6 Account Total Estimated Cost * Proportion of cost

incurred (Sr. number 2 * Sr. number 5)

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 Less: Amount withdrawn till date of this certificate as
7
per the Books of Accounts and Bank Statement
Net Amount which can be withdrawn from the
8
Designated Bank Account under this certificate

(Rupees )

This certificate is being issued for compliance under the Real Estate (Regulation and Development)
Act 2016 for (name of the company / promoter) and is
based on the records and documents produced before me and explanations provided to me by the
management of the Company.

(Signature and Stamp / Seal of the Signatory CA)

Name of the Signatory :
Membership No. :
Date :
Place :
Full Address :

Contact No. :
E mail :

Note:-

1. The Expression “incurred” would mean amount of product or service received, creating a debt
in favour of a seller or supplier and shall also include the amount of product or service received
against the payment.

2. With respect to an Ongoing Project, at the time of registration of the Real Estate Project, the
Estimated Land Cost and Development Cost/ Cost of Construction to be certified shall be for the
cost of the real estate project, since its inception and not the balance Estimated Land Cost and
Development Cost/ Cost of Construction to complete the project. That is, the total Incurred Cost
of the Real Estate Project shall be the aggregate of the Incurred Land Cost and Development
Cost/ Cost of Construction of the project, since its inception till the date of the issuance of the
certificate and the estimate Land Cost and Development Cost/ Cost of Construction shall be for
the entire project from the inception till completion.

3. Development cost/ cost of construction of project should not include marketing and
brokerage expenses towards sale of apartments. Such expenses though project cost, should not
be borne from the amount that is required to be deposited in the designated separate account.

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 Annexure A
Statement for calculation of Receivables from the Sales of the Ongoing Real Estate Project
Sold Inventory

Sr. Carpet Area Unit Consideration as per Received Balance

Flat No.
No. (in sq. mts.) Agreement / Letter of Allotment Amount Receivable

(Unsold Inventory Valuation)

Ready Recknor Rate or Rate as ascertained by a registered valuer on the date of issuance of
Certificate of the Residential / commercial premises :

Rs ____________ per sm

Unit Consideration as per Ready Reckoner Rate(ASR) or as

Sr. Carpet Area
Flat No. ascertained by a registered valuer on the date of issuance of
No. (in sq. mts.)
certificate

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 FORM-5
See Rule 4 (2)

(ADDITIONAL INFORMATION FOR ONGOING PROJECTS)

CHARTERED ACCOUNTANT'S CERTIFICATE (On Letter Head)
Goa RERA Registration Number: (mention Reg. Number)

Sr.
Particulars Amount
No.
(Rs.)
Estimated Balance Cost to Complete the Real Estate Project
(Difference of Total Estimated Project cost less Cost incurred)
1
(calculated as per the Form IV)
Balance amount of receivables from sold apartments
as per Annexure A to this certificate (as certified by Chartered
2 Accountant as verified from the records and books of Accounts)
(i) Balance Unsold area
(to be certified by Management and to be verified by CA from the
records and books of accounts)
(ii) Estimated amount of sales proceeds in respect of unsold
3 apartments (calculated as per ASR or as ascertained by a registered Sq. Mt.
valuer multiplied to unsold area as on the date of certificate, to be
calculated and certified by CA) as per Annexure A to this certificate
4 Estimated receivables of ongoing project. Sum of 2 + 3 (ii)

5 Amount to be deposited in Designated Account – 70% or 100%

IF 4 is greater than 1, then 70 % of the balance receivables of ongoing project will be

deposited in designated Account

IF 4 is lesser than 1, then 100% of the of the balance receivables of ongoing project
will be deposited in designated Account

This certificate is being issued for compliance under the Real Estate (Regulation and
Development) Act 2016 for ___________________( name of the company/promoter) and
is based on the records and documents produced before me and explanation provided to
me by the management of the Company.

(Signature and Stamp / Seal of the Signatory CA)

Name of the Signatory :
Membership No. :
Date :
Place :
Full Address :
Contact No. :
Email :

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 FORM-6
[See Section 4(2)(l)(D)]

ON THE LETTER HEAD OF CHARTERED ACCOUNTANT (WHO IS STATUTORY AUDITOR

OF THE PROMOTER/PROMOTER’S COMPANY / FIRM/BUSINESS ENTITY)
ANNUAL REPORT ON STATEMENT OF ACCOUNTS

To,
NAME OF THE PROMOTER
ADDRESS OF THE PROMOTER

Subject: Report on Statement of Accounts on project fund utilization and withdrawal by

_________ (Name of The Company/Promoter), hereinafter referred to as the “Promoter”,
for the Financial Year(Period) Ending ___________to__________________with
respect to the Project bearing Goa RERA Reg. Number_____________.

1. This certificate is issued in accordance with the provisions of the Real Estate (Regulation and
Development) Act, 2016 read along with The Goa Real Estate (Regulation and
Development)(Registration of Real Estate Projects, Registration of Real Estate Agents, Rates
of Interest and Disclosures on Website) Rules 2017.
2. I / We have obtained all necessary information and explanation from the Promoter, during the
course of our audit, which in my/our opinion are necessary for the purpose of this certificate.
3. I/We hereby confirm that I/We have examined the prescribed registers, books and documents,
and the relevant records of the Promoter for the financial year/period from to and hereby
certify that:
i. The Promoter has/have completed % of the project titled_____(Name)bearing
GoaRERA Reg.No. located at .

ii. Amount collected during the year/period in question for this project is Rs._______and
amounts collected till date is Rs.

iii. Amount withdrawn during the year/period in question for this project is
Rs.__________________and amount withdrawn till date is Rs.

4. I/We certify that the Promoter has/have utilized the amounts collected for project only for that
project and the withdrawal from the designated bank account(s) of the said project has been in
accordance with the proportion to the percentage of completion of the project.

(If not, please rephrase clause 4 to specify (i) the amount withdrawn in excess of eligible amount or (ii)
any other exceptions).
(Signature and Stamp/Seal of the Signatory CA)
Name of the Signatory:
Membership No.:
Date:
Place:
Full Address:
Contact no.:
Email :

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