Verity for real estate developers

The slab is cast. The demand letter is not. Verity closes that gap.

A developer runs three businesses at once: selling units, building them and answering to RERA. Each one lives in a different sheet, a different office and a different person’s head. Verity keeps the unit, the buyer, the site and the money on one record, so the next step is always visible.

Verity in one line

One system that knows every unit, every buyer’s dues, every stage of every tower, every contractor bill and every RERA update that is coming due.

See your real estate developer in Verity See the 15 problems we solve

Free: we set up a working demo of your own business, on your own data, within 7 days. You pay only if your team decides to use it.

No new team needed. Your sales, accounts, site and legal people keep their work and gain one shared record.

Verity / Developer / Today

All projects

Live

Due this month

₹7.4 cr

from 112 buyers

Overdue

₹1.9 cr

34 buyers past due

Units unsold

63

of 410 across 3 projects

Approvals expiring

2

within 45 days

Progress against plan, by project

  • Skyline Heights, Tower A78% of plan
  • Skyline Heights, Tower B54% of plan
  • Green Meadows Phase 291% of plan

Tower B is 5 weeks behind plan. 18 buyers have a possession date inside the next 6 months.

Review

Illustrative screen with sample figures. Yours is set up with your own projects, towers, units and your own milestone schedule.

How it runs today

Most developers build well and chase badly.

The building goes up. What slips is everything that has to happen in step with it. The plinth is done, but the demand letter for that stage goes out two weeks late. A buyer’s loan is sanctioned, but nobody told the bank the stage was complete. The quarterly RERA update is due and the site engineer has the photographs on his phone.

Each of these is handled by a good person. The trouble is that the facts sit in different places: the sales team’s sheet for bookings, the accounts team’s ledger for receipts, the site team’s reports for progress, the lawyer’s folder for agreements and approvals. The owner or the project head is the only one who connects them, usually on a call.

So money comes in later than it could, buyers hear about delays from rumour, and compliance work is done in a rush near the deadline. None of it is a disaster in one week. Together it is a slow drag on cash, on trust and on the next launch.

What most real estate developers run on

  • Sales sheet in Excel
  • Accounts software or Tally
  • Site progress in WhatsApp
  • Lawyer’s folder of agreements
  • Channel partner call lists

Each tool does its own job well enough. The gap is that none of them knows what the others know.

15 problems, one by one

Where a developer actually loses time and money.

These are the situations project heads, sales heads and finance heads describe again and again. For each one: what it looks like on an ordinary day, what it costs, and what Verity does about it.

  1. 01Sales

    Site visits and enquiries go cold with no follow-up

    What it looks like

    A family visits the sample flat on Sunday. The sales executive notes it in his own diary. Two weeks later nobody remembers that they liked the east-facing unit on the ninth floor and wanted to see it with a loan estimate.

    What it costs you

    Example arithmetic: if a project gets 400 site visits in a quarter and 3 in every 100 book at ₹90 lakh, that is 12 units, about ₹10.8 crore. One missed follow-up in ten costs more than one unit.

    How Verity fixes it

    Every visit becomes a record with the unit they liked, their budget and a next step. Verity lists visits with no follow-up in a set number of days and assigns each to the executive who met them.

    See the screen
  2. 02Sales

    Channel partners claim the same buyer, and brokerage is argued over

    What it looks like

    Two brokers say they brought the same family. The buyer came once with one broker and again alone. The brokerage is held up for weeks while sales, accounts and both brokers argue from memory.

    What it costs you

    Hours of senior time per dispute, and a channel partner network that gets quieter after being treated unfairly.

    How Verity fixes it

    The first registered visit is recorded against the partner with the date. Brokerage is then linked to the booking, so the claim can be settled from the record instead of from memory.

    See the screen
  3. 03Inventory

    Units are held verbally and the availability chart is wrong

    What it looks like

    A senior sales person says “keep that unit for my client”. It stays blocked for six weeks. A walk-in buyer is told it is sold, and goes to the next project down the road.

    What it costs you

    A good unit sitting idle while a ready buyer walks away. In a project with 200 units, even ten stale holds change what you can say yes to.

    How Verity fixes it

    Each unit has a state: available, on hold, booked, agreement signed, possession given. A hold carries a name, a reason and an expiry date, and lapses back to available unless someone renews it.

    See the screen
  4. 04Sales

    Booking is made, but the agreement stalls on paperwork

    What it looks like

    The token is paid. KYC is incomplete, the co-applicant’s documents are missing and the draft agreement is waiting on a change request. Weeks pass with the unit shown as booked and the buyer not yet committed.

    What it costs you

    A booking that is not yet an agreement can still be cancelled. The unit and the cash both stay uncertain.

    How Verity fixes it

    The path from booking to agreement is a checklist on each buyer’s record: KYC, loan documents, draft sent, stamp duty paid, registration date. Verity shows which buyers are stuck and on which step.

    See the screen
  5. 05Collections

    Demand letters go out late because someone has to notice the stage

    What it looks like

    The payment plan says a demand is due on completion of the fourth slab. The site team finishes it on the 3rd. Accounts hears on the 17th. The letters go out on the 20th and the payments arrive next month.

    What it costs you

    Example arithmetic: a stage worth 10% on 200 units of ₹90 lakh is about ₹18 crore. Each week of delay in raising it is a week of that money not available for contractor bills.

    How Verity fixes it

    Each stage in the payment plan is linked to a site milestone. When the site team marks the milestone complete and the engineer’s certificate is attached, Verity creates the demand for every affected buyer, ready for accounts to review and send.

    See the screen
  6. 06Collections

    Overdue buyer payments are chased by different people in different ways

    What it looks like

    Some buyers pay late every time. Some are waiting on a bank. One is quietly in trouble. The collections list is a sheet sorted by flat number and it does not say who has been spoken to, or what they promised.

    What it costs you

    Cash that is owed, not received. Interest terms in the agreement are only useful if they are applied evenly and on time.

    How Verity fixes it

    Each buyer’s overdue amount shows the days late, the last contact and the promised date. Follow-ups are tasks with an owner. Verity highlights those who have broken a promise twice.

    See the screen
  7. 07Collections

    Bank loan disbursements are not tracked against construction stage

    What it looks like

    A buyer’s loan is sanctioned, but the next tranche needs a stage certificate and a demand letter in the bank’s format. Nobody sent them. The bank pays two weeks later than it could have.

    What it costs you

    Buyer cash stuck in a queue at the bank. The buyer is shown as defaulting when the delay is in paperwork.

    How Verity fixes it

    For each buyer with a loan, the record shows bank, sanctioned amount, tranches released and the document the next tranche needs. Verity creates a task to send it when the stage completes.

    See the screen
  8. 08Compliance

    The RERA quarterly update is built in a hurry from scattered numbers

    What it looks like

    The deadline is near. The site engineer sends photographs. Accounts sends sales figures from a sheet. Someone has to match unit counts, receipts and the percentage of completion, and the RERA portal wants it in its own format.

    What it costs you

    Late or inconsistent filings can invite penalties from the state authority and make buyers doubt you. Even without a penalty, it is days of senior time every quarter, per project.

    How Verity fixes it

    The unit list, receipts, stage progress and photographs already sit on the project record. Verity assembles the figures a quarterly update needs, flags what is missing and assigns the gaps, so your team enters the update in the portal from one checked sheet.

    See the screen
  9. 09Compliance

    The 70 percent account and its withdrawal certificates

    What it looks like

    Seventy percent of buyer money must go to a separate project account. Withdrawals need a certificate from an engineer, an architect and a chartered accountant, in proportion to completion. Accounts is asked to withdraw for a bill before anyone has lined up the three signatures.

    What it costs you

    Delayed contractor payments, or a withdrawal that does not match the percentage of completion and has to be explained later to an auditor or the authority.

    How Verity fixes it

    Receipts are split into the project account and the free account as they arrive. A withdrawal request is a workflow: the bill, the completion percentage and the three certificates must be attached before it is released for approval.

    See the screen
  10. 10Site

    Progress is reported in photographs, not against the plan

    What it looks like

    The site head sends twenty photos and a message saying “third floor slab done”. The programme in the project office says it should have been done twelve days ago. Nobody puts the two side by side until the sales team asks why the demand is late.

    What it costs you

    Delay interest exposure that nobody has added up, and buyers who learn of a slip from a rumour.

    How Verity fixes it

    Every tower has stages with planned and actual dates. Progress is recorded against them with photographs, so the gap to plan is a number on the project head’s screen and the sales team can see it too.

    See the screen
  11. 11Site

    Contractor running bills are paid on trust, not on measured work

    What it looks like

    The structure contractor submits a bill for 70 percent of the work. The site engineer says it is nearer 55. Accounts has no measurement sheet. The bill is settled by a phone call between the contractor and the director.

    What it costs you

    Example arithmetic: a 15 percent over-claim on a ₹6 crore work order is ₹90 lakh. It does not need to be fraud, only unmeasured work billed early.

    How Verity fixes it

    Each work order has a bill schedule. A running bill is compared with the measured quantity and the progress recorded on site, and needs the engineer’s sign-off, then the project head’s, before accounts pays. Retention and advances are tracked on the same record.

    See the screen
  12. 12Approvals

    Sanctions, NOCs and the occupancy certificate run on a lawyer’s folder

    What it looks like

    The commencement certificate, fire NOC, environment clearance and lift licence each have dates and conditions. One expires in a month and only the liaison person knows. The occupancy certificate application cannot start until half of them are in order.

    What it costs you

    A project that cannot be handed over because one paper lapsed. Buyers who have paid in full wait outside the building.

    How Verity fixes it

    Every approval is a record with its authority, validity date, conditions and owner. Verity lists those expiring soon and those that gate the next step, and assigns the follow-up to the liaison person or the lawyer.

    See the screen
  13. 13Buyers

    Buyers ask the sales team about progress and nobody has a clear answer

    What it looks like

    A buyer calls to ask when the tower will be ready, why the lobby finish is different from the brochure and whether the car park has been allotted. Sales calls site, site calls accounts, and the buyer waits two days.

    What it costs you

    Loss of trust in the one period when trust matters most. Unhappy buyers also tend to be slower to pay.

    How Verity fixes it

    Each buyer’s record carries their unit, payment history, change requests and tickets. Questions become tickets with an owner and a due date, and the answer is recorded for the next person who gets the same call.

    See the screen
  14. 14Handover

    Snagging and possession are managed on paper checklists

    What it looks like

    Two hundred flats are ready for possession in the same month. Each buyer walks through with a printed snag list. Fixes are promised, done, not signed off and re-reported. The handover date slips because the last 20 snags per flat are not tracked in one place.

    What it costs you

    Possession delayed past the agreed date, and a quiet source of delay interest for flats that were “nearly ready”.

    How Verity fixes it

    Each flat gets a snag list with items, photographs, an owner and a status. Verity shows how many flats are clean, how many have open snags and which contractor is holding up the most.

    See the screen
  15. 15Owner

    Cash across several projects is judged by instinct

    What it looks like

    Project A is collecting well. Project B has a bridge loan due. Project C needs a large advance for a contractor. Which can fund which is worked out in a meeting with three sheets on the table.

    What it costs you

    Borrowing at a higher rate than needed, or delaying a stage payment that would have kept a site moving.

    How Verity fixes it

    Receipts due, receipts overdue, payables by contractor and committed amounts are shown for each project side by side. The owner sees which project is short and which has room, from the same live records.

    See the screen

The numbers behind it

The numbers that make these problems worth fixing.

From published sources, with the source named under each figure. Some are a few years old and are shown with their dates. Your own numbers will differ, and showing you yours is the first thing Verity does.

  • 98,523

    real estate projects were registered under RERA across India as of 3 December 2022, and 1,03,784 complaints had been disposed of by the authorities.

    Moneylife, citing a Lok Sabha reply, 2022

  • 1.74 lakh homes

    in 220 projects launched in 2013 or earlier were stalled across the top seven cities, with no construction under way, in an ANAROCK count reported by IANS. The report is from about 2019.

    Orissa Post, citing ANAROCK via IANS

  • 70%

    of the money realised from buyers must generally be kept in a separate project bank account, and withdrawals follow the percentage of completion as certified by an engineer, an architect and a chartered accountant.

    TaxGuru, Importance of RERA compliances, 2024

  • Every month

    of delay in handing over a flat past the agreed date can bring interest to the buyer under Section 18 of RERA. A MahaRERA extension does not remove that duty, according to a legal column.

    Free Press Journal, Consumer Connect, 2025

The registration and complaint counts are from December 2022 and the stalled-homes count is several years old, so both show scale, not today’s position. The RERA rules differ by state. A legal column is not a legal opinion.

What you will actually see

The screens you would use every day.

Seven views, each built for one job. Names, columns and stages are set up in your own project’s language.

Screen 1 of 7

The owner’s morning view across projects

Money due, money overdue, progress against plan and what needs a decision, for every project on one screen. It replaces the Monday review where three people bring three sheets.

Fixes

  • 15 Cash across several projects is judged by instinct

Verity / Developer / Today

All projects

Due this month

₹7.4 cr

from 112 buyers

Overdue

₹1.9 cr

34 buyers past due

Units unsold

63

of 410 across 3 projects

Approvals expiring

2

within 45 days

Progress against plan, by project

  • Skyline Heights, Tower A78% of plan
  • Skyline Heights, Tower B54% of plan
  • Green Meadows Phase 291% of plan

Tower B is 5 weeks behind plan. 18 buyers have a possession date inside the next 6 months.

Review

Screen 2 of 7

Every unit, its state and who has it

Available, on hold, booked and agreement signed, for each unit, with the holder, the expiry of any hold and the channel partner who brought the buyer. Holds lapse unless someone renews them.

Fixes

  • 01 Site visits and enquiries go cold with no follow-up
  • 02 Channel partners claim the same buyer, and brokerage is argued over
  • 03 Units are held verbally and the availability chart is wrong

Verity / Units and bookings

Skyline Heights, Tower A

UnitTypePriceStateHeld by
A-9043 BHK₹1.32 crOn hold, 3 daysSandeep (sales)
A-9052 BHK₹92 lakhAvailableNone
A-10023 BHK₹1.38 crBookedMehta family
A-11012 BHK₹95 lakhHold expiredBroker request
  • Site visit with no follow-upRao family, liked A-1203, 9 days agoCall
  • Partner claim to settleTwo brokers, one buyer. First visit: 12 SeptemberOpen

Screen 3 of 7

Payment milestones linked to what is built

Each buyer’s payment plan, the stages raised, the amounts received and the loan tranches pending. A stage completed on site creates the demand, and the follow-up for late payers is a task with an owner.

Fixes

  • 04 Booking is made, but the agreement stalls on paperwork
  • 05 Demand letters go out late because someone has to notice the stage
  • 06 Overdue buyer payments are chased by different people in different ways
  • 07 Bank loan disbursements are not tracked against construction stage
  • 13 Buyers ask the sales team about progress and nobody has a clear answer

Verity / Buyer payments

Demands and dues

BuyerUnitStage dueAmountStatus
Kavita SharmaA-7024th slab₹9.2 lakhRaise demand
Imran QureshiA-10023rd slab₹9.6 lakh32 days late
Rajiv MenonB-5054th slab₹8.8 lakhLoan tranche pending
Anita DesaiA-306Plinth₹7.1 lakhPaid

Fourth slab of Tower A was marked complete on 3 October. 41 demand letters are ready for review.

Review and send

Screen 4 of 7

The project file that the quarterly update comes from

Registration details, unit counts, receipts, the project account split, stage progress and approvals on one record. Verity lists what is missing before the quarterly update is due and who owns the gap.

Fixes

  • 08 The RERA quarterly update is built in a hurry from scattered numbers
  • 09 The 70 percent account and its withdrawal certificates
  • 12 Sanctions, NOCs and the occupancy certificate run on a lawyer’s folder

Verity / RERA project record

Skyline Heights, Tower A

  • Unit count and booked units matched to the sales listChecked 12 October
  • Receipts split between project account and other accountUp to date
  • Stage photographs for the quarter attachedSite team, due 18 October
  • Engineer, architect and CA certificates for the next withdrawal2 of 3 attached
ApprovalAuthorityValid tillOwnerStatus
Fire NOCFire department30 Nov 2026LiaisonRenew
Commencement certificateLocal authorityOpenLegalValid
Lift licenceState inspector14 Dec 2026Project headDue soon

Screen 5 of 7

Stages, plan against actual

The stages of each tower with planned and actual dates, photographs and who is holding each up. A stage marked complete with the engineer’s certificate attached is what releases the buyer demand.

Fixes

  • 10 Progress is reported in photographs, not against the plan

Verity / Site progress

Skyline Heights

In progress2

  • A: 10th floor slabPlan 14 Oct, now 18 Oct4 days late
  • B: 6th floor slabPlan 25 Sep, now 10 OctBehind

Waiting for certificate1

  • A: 9th floor slabEngineer to certifyPending

Complete, demand raised1

  • A: 8th floor slab41 buyers billedDone

Screen 6 of 7

Running bills checked against measured work

Each work order with its bill schedule, the quantity billed against the quantity measured on site, retention held and who has signed. Accounts pays only after the chain of sign-offs is complete.

Fixes

  • 11 Contractor running bills are paid on trust, not on measured work

Verity / Contractor bills

Work orders

ContractorWork orderBilledMeasuredStatus
Shree StructuresTower A structure70%58%Query
Om ElectricalsTower A wiring35%34%Engineer signed
Balaji PlumbingTower B plumbing20%20%Approved
Kumar WaterproofingTerrace100%85%Query

Shree Structures bill is ₹38 lakh above measured work. Waiting for the engineer’s revised measurement.

Open bill

Screen 7 of 7

Flat by flat, from snag list to keys

Each flat’s snag list, photographs, who owns each fix and the status of the dues, certificate and handover date. The project head sees how many flats are clean and who is slowing the rest.

Fixes

  • 14 Snagging and possession are managed on paper checklists

Verity / Possession and snags

Green Meadows Phase 2

Flats ready

86

no open snags

Open snags

214

across 47 flats

Dues pending

9

blocking handover

  • Flat C-402, Mr. Joshi6 snags, 4 fixed, tiles in bathroom pendingOpen
  • Flat C-505, Mrs. NairFinal payment pending ₹2.1 lakhDues
  • Flat D-101, Mr. ReddyAll clear, handover on 28 OctReady

Illustrative screens with sample data. Layouts, fields, names and terms are set up around how your real estate developer works.

An ordinary day

The same Thursday, before and after.

What changes is not the building. It is that every step leaves a record, and the record tells the next person it is their turn.

WhenTodayWith Verity
9:30 TodayYou ask the project head how Tower A is doing and wait for him to ring the site. With VerityYou open the Today screen. Tower A is four days behind plan, with the reason against the stage.
11:00 TodayThe fourth slab is done. The sales team hears about it a week later. With VerityThe engineer marks it complete. Forty-one demand letters are ready for accounts to review.
1:00 TodayA walk-in wants unit A-904. The chart says booked, but the hold ended last month. With VerityThe hold lapsed on its date. The unit shows available and the executive takes the booking.
3:30 TodayThe structure contractor’s bill arrives. Accounts calls you to ask whether to pay. With VerityThe bill shows billed against measured. It waits for the engineer’s revised measurement before it reaches you.
5:00 TodayA buyer calls about the car park allotment. Nobody has the file open. With VerityThe buyer’s record shows the allotment, the payments and the open ticket. It is answered on the call.
Quarter end TodayThe RERA update is assembled from four sheets in the last three days. With VerityVerity lists the three gaps a week before. The update is entered from one checked record.

How we work with you

We set it up with you, in four weeks.

You do not get a login and a manual. We learn how your projects are actually sold, built and billed, set Verity up around that, bring your data in, then stay on so it keeps working.

  1. Week 1

    Discovery and mapping

    What we do
    Sit with the sales head, the finance head and the project head. Walk a site, follow one unit from enquiry to possession, and map where bookings, receipts, progress and approvals are recorded today.
    What we need from you
    Two to three hours of your time, plus an hour each from sales, accounts and site. Access to your sales sheet, ledger and a recent RERA update.
    What you have at the end
    A written map of your projects: towers, unit list, payment plans, stages, work orders, approvals, and the problems we will fix first.

  2. Weeks 2 to 3

    Configuration

    What we do
    Set up each project, tower and unit, the payment plans and their linked stages, the project account split, hold rules, work orders and bill checks, approval records and the roles who sign off.
    What we need from you
    Check the setup with the heads of sales, accounts and site. Tell us where a rule is wrong.
    What you have at the end
    A working Verity with your real projects, stages and rules, ready for your data.

  3. Weeks 3 to 4

    Migration and training

    What we do
    Bring in your unit list, bookings, buyer details, receipts, contractors, work orders and approvals from the sheets and software you use. Train each team on its own screens, with real units and real bills.
    What we need from you
    Your sheets and ledgers as they stand. One hour with each team.
    What you have at the end
    Your units, buyers and bills inside Verity, and teams that have used it on live work.

  4. After go-live

    Operations partnership

    What we do
    Stay on through the first quarterly update and the first set of demands. Review what the numbers say, tune the stage links and add the next project or phase as you launch it.
    What we need from you
    A short monthly review with the project head and the finance head.
    What you have at the end
    A system that keeps pace with each new launch, with someone responsible for it.

Bring these on day one

  • Your unit list for each project with prices and areas
  • Payment plans as they appear in the agreements
  • Your booking list, receipts ledger and the latest RERA quarterly update
  • Contractor work orders and the bills paid so far
  • Your list of approvals, with dates and the person who handles each

Your time

About 10 to 12 hours of your own time across the four weeks, mostly in the first week. The heads of sales, finance and site need a few more each.

After go-live

No extra staff are hired to run Verity. Bookings, receipts, stage updates and bills are recorded as the work happens, and the reports come from those records.

Verity AI

Ask your projects a question. Get an answer, not a report to build.

Verity AI reads your own unit, buyer, site and bill records. Ask in plain language, then turn the answer into tasks for the right people. It respects who is allowed to see what.

  • Your records only Answers come from your own real estate developers data, not from generic knowledge.
  • Right person, right view It only shows what the person asking is allowed to see.
  • Turns into action An answer can become a task assigned to a named person.

Verity / Ask

Which buyers owe us more than 30 days on a milestone, and who spoke to them last?

34 buyers are more than 30 days late, ₹1.9 crore in total. 11 have a promised date in the past.

  • Tower A19 buyers
  • Tower B9 buyers
  • Green Meadows6 buyers

Create follow-up tasks for the sales owners

Verity / Ask

Which approvals expire in the next 60 days?

Two approvals fall due: the fire NOC for Tower A on 30 November, and the lift licence on 14 December.

  • Fire NOC, Tower A30 Nov
  • Lift licence, Tower A14 Dec

Assign renewal to the liaison person

Verity / Ask

Which contractor bills are higher than the work measured on site?

Two bills are above measured work: Shree Structures by ₹38 lakh and Kumar Waterproofing by ₹4.5 lakh.

Ask the engineer for revised measurements

Sample questions and answers with illustrative figures.

Without chasing

The follow-ups that fall between teams.

Set once, then they run from your records. People still send the letters and make the calls. Verity makes sure the right person knows to.

When

A tower stage is marked complete

  • Checked for the engineer’s certificate
  • Demands prepared for each buyer on the plan
  • Accounts asked to review and send

When

A unit hold passes its expiry

  • Unit returns to available
  • Holder told it has lapsed
  • Renewal logged only if approved

When

A buyer’s payment is overdue

  • Added to the dues list with days late
  • Follow-up task to the sales owner
  • Promise date and outcome recorded

When

A loan tranche becomes due

  • Stage certificate and demand pulled together
  • Task to send them to the bank
  • Receipt date recorded when it arrives

When

A contractor bill is submitted

  • Compared with measured quantity
  • Sent to the engineer, then the project head
  • Held back from payment until both sign

When

An approval is 60 days from expiry

  • Flagged on the project record
  • Renewal task to the liaison person
  • Outcome and new date recorded

Rules and paperwork

The rules a developer has to keep up with.

Verity does not give legal advice and does not file anything on the RERA portal. It keeps the project records these rules depend on in order, so your team is not rebuilding them each quarter.

  • RERA project registration and quarterly updates

    What is expected

    A registered project is generally expected to be updated on the state authority’s portal each quarter. The format and deadlines are set by each state.

    How Verity helps

    Unit counts, receipts, stage progress and photographs are on one project record, so the figures for the update are checked before they are entered.

    TaxGuru, Importance of RERA compliances

  • The separate project account for buyer money

    What is expected

    Under Section 4(2)(l)(D), generally 70 percent of what is collected from buyers goes into a separate account and is withdrawn in proportion to completion, with an engineer, an architect and a chartered accountant certifying. Accounts are audited every year.

    How Verity helps

    Receipts are split as they arrive, and a withdrawal needs the bill, the completion percentage and the three certificates attached before it moves forward.

    TaxGuru, Importance of RERA compliances

  • Interest for delayed possession

    What is expected

    Under Section 18, a buyer who stays in the project can be owed interest for every month of delay past the agreed date. The rate is set by state rules.

    How Verity helps

    Each flat carries its agreed possession date and the current expected date, so the exposure is a number you can see long before it is claimed.

    Free Press Journal, Consumer Connect, March 2025

  • Approvals and the occupancy certificate

    What is expected

    A project depends on sanctions, NOCs and licences with their own validity dates and conditions, and handover generally needs the occupancy certificate from the local authority.

    How Verity helps

    Each approval is a record with its authority, expiry and owner, and the ones that gate handover are shown first.

  • Buyer personal data

    What is expected

    Buyer identity documents, income papers and loan details are personal data. India’s Digital Personal Data Protection law and its rules apply in stages.

    How Verity helps

    Buyer papers sit in one permissioned place, with a log of who opened or changed them, rather than in sales staff’s phones and email.

Rules differ by state and change often. Confirm current requirements with your lawyer, your chartered accountant and the state RERA authority.

Who sees what

Everyone sees the same records, through their own window.

A site engineer should not see buyer receipts. A sales executive should not release a contractor payment. Each role opens on what it needs.

  • Owner or director

    Which project needs cash or attention this week?

    Dues and receipts across projects, progress against plan, expiring approvals and bills waiting for sign-off.

  • Sales head

    Which units can I sell and which buyers are stuck?

    Unit states and holds, booking checklists, partner claims, site visits with no follow-up.

  • Project head

    What is behind plan and why?

    Stages with planned and actual dates, contractor bills waiting, snag counts and approvals.

  • Accounts and finance

    What should we raise, collect and pay?

    Demands ready to send, overdue by buyer, loan tranches, the project account split and approved bills.

  • Legal and compliance

    Is the project record ready for the next update?

    The RERA project record, agreements, approval validity dates and what is missing for the quarter.

Straight answers

What changes, and what stays the same.

Keep using

  • Your accounting software or Tally for the books. We agree how data reaches Verity during setup.
  • The RERA portal, where your team enters the update from the checked record.
  • Your CRM or lead sheet, if you have one. We map it during setup.
  • Your lawyer, your chartered accountant and your architect, who keep their roles.

Verity does not

  • File anything on the RERA portal for you.
  • Take bookings or payments from buyers online.
  • Send demand letters or messages on its own.
  • Give legal advice or replace your lawyer.

We bring your unit lists, buyer details, receipts, work orders and approvals across from the sheets and software you use now, project by project, so sales and site keep going while it happens.

  • Excel
  • Google Sheets
  • Legacy ERP
  • CRM
  • One operating environment

Questions

Questions developers ask.

Will my sales and site teams actually use it?

It only works if updates are made, so we set it up around what each team already does. Site marks a stage complete, sales updates a hold, accounts approves a demand. Each person gets something back, such as a ready list or a clear sign-off, so using it saves them time.

Does Verity file my RERA quarterly update?

No. Your team enters the update on the state portal. Verity keeps unit counts, receipts, stage progress and photographs on the project record and lists what is missing, so the update is entered from checked information.

Can it send demand letters to buyers?

Not by itself. When a stage is certified complete, Verity prepares the demand for each buyer on the plan and asks accounts to review it. Your team sends it and the payment is then recorded against the buyer.

We run three projects at once. Is that supported?

Yes. Each project, tower and phase is set up with its own units, payment plans, stages and approvals. The owner sees them side by side, and a buyer who has bought in two projects is one person.

Does it replace our accounting software?

No. Your accountant keeps the books. Verity holds the buyer, unit, stage and bill records that the ledger needs, and we agree how data reaches Verity during setup.

How does it help with the 70 percent account rule?

Receipts are split as they come in, and a withdrawal request cannot move forward without the bill, the completion percentage and the three certificates. It does not move money or advise on your bank arrangements.

Who can see buyer and financial data?

Only the people you allow. Access is set by role. Site staff cannot see buyer receipts, sales cannot approve contractor payments, and every change is recorded with who made it and when.

Can we migrate a project that is already half built?

Yes, most are. We bring in the units, bookings, receipts to date, stage history and open work orders so the record starts from where you are, and we check it against your ledger before go-live.

What does it cost?

It depends on the number of projects, towers and users, and on what you want set up. Message us and we will give you a clear number after a short conversation about how your projects run.

Where the figures come from

Sources

  1. Moneylife, citing a Lok Sabha reply, 2022
  2. Orissa Post, citing ANAROCK via IANS
  3. TaxGuru, Importance of RERA compliances, July 2024
  4. Free Press Journal, Consumer Connect, March 2025

Last checked 15 October 2026. Published figures vary by region and method, so treat them as indicative, not as a promise of your results.

Start with the demand letters that are late.

Tell us how your projects run and we will show you the overdue dues, the stale unit holds and the approvals that are close to lapsing, using your own numbers.

Get your free demo Email us

Free: we set up a working demo of your own business, on your own data, within 7 days. You pay only if your team decides to use it.