What is RERA Form 3?
RERA Form 3 is the chartered accountant’s certificate a Maharashtra builder gives the bank to draw money from the RERA designated (70%) account, showing the cost incurred and the sum allowed.
Also called Form 3, CA certificate for RERA withdrawal.
MahaRERA uses three certificates for each withdrawal from the designated account: Form 1 from the architect (percentage of completion of each building or wing), Form 2 from the engineer (construction cost incurred) and Form 3 from a chartered accountant in practice.
Form 3 sets the estimated land and development cost (Table A) against the cost incurred (Table B), taking the construction cost as the lower of the engineer’s figure and the books. The amount that can be withdrawn is the total estimated cost multiplied by the proportion of cost incurred, less amounts already withdrawn. In effect, cumulative withdrawals cannot exceed the certified cost actually incurred.
| Sample (₹ crore) | Amount |
|---|---|
| Total estimated cost | 150 |
| Cost incurred (land 40 + construction 46) | 86 |
| Withdrawable (150 × 86 ÷ 150) | 86 |
| Less already withdrawn | 70 |
| Net withdrawable under this certificate | 16 |
The CA who signs Form 3 should be a different entity from the promoter’s statutory auditor, under regulation 4 of the MahaRERA General Regulations 2017. The current format is dated 29 December 2021.
Sources, read on 29 Oct 2026: MahaRERA Form 3, MahaRERA new forms and MahaRERA General Regulations 2017.