Engineer Certificate Under RERA in Surat

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Engineer certificate under RERA

What is an engineer certificate under RERA?

Engineer Certificate under the Real Estate (Regulation and Development) Act, 2016 is official document that verifies cost of construction for real estate project. It ensures that declared expenses match the actual physical progress at the project site.

When is an Engineer Certificate Required?

The Engineer Certificate is required at various stages of a real estate project, especially when:

A developer seeks to withdraw funds from the RERA-designated escrow account.

Financial institutions or investors require validation of project expenses.

Authorities conduct inspections to ensure transparency and compliance.

How is the Engineer Certificate Structured?

The certificate follows a prescribed format known as Form-2, which is divided into three key sections:

Table A

Total estimated cost of construction (as per project registration).

Table B

Total cost incurred up to the certification date.

Table C

Balance cost required to complete the project.

The engineer must verify these costs in line with the project's initial budget and report any discrepancies to both the promoters and the RERA authority.

Why is an Engineer Certificate Important?

Ensures proper utilisation of fund: It guarantees that project funds are not misappropriated and are spent appropriately.
Safeguards investors and homebuyers. protects stakeholders from financial malfeasance and offers transparency.
Regulatory Compliance – Helps developers adhere to RERA guidelines, avoiding legal complications.

Who Can Issue an Engineer Certificate?

Only an authorized engineer associated with the project can certify Form-2. The engineer must:

Hold a valid membership number from a recognized professional body.

Verify project costs in proportion to the percentage of work completed.

Take responsibility for the accuracy of cost estimation and reporting.

Get answers to all your queries

Is Engineer Certificate mandatory for all real estate projects?

Yes - it is mandatory for all RERA-registered projects to ensure financial transparency and compliance.

How often should an Engineer Certificate be issued?

It is typically required at different stages of the project, especially before withdrawing funds from the escrow account.

Can any engineer issue the certificate?

No, only a qualified and authorized engineer with a valid membership number can issue it.

What happens if the engineer finds irregularities in project costs?

The engineer must report any discrepancies to both the project promoters and the RERA authority.

Does the Engineer Certificate apply to small residential projects?

If the project is registered under RERA, then yes, it applies regardless of project size.