Automated Construction-Linked Milestone Billing & RERA Compliance
For real estate developers and builders operating in India, maintaining strict compliance with Real Estate (Regulation and Development) Act (RERA) regulations is essential. Manual calculation of construction-linked payment milestones, overdue interest charges, GST schedules, and generating formal demand notices creates immense administrative overhead and legal liabilities. Tech Connects Hub provides an automated RERA demand letter and collection management engine built specifically for Indian property developers.
The Challenge of Manual Milestone Billing
When a residential project completes a milestone (e.g. Completion of Plinth, 5th Floor Slab, Brickwork, or Internal Plaster), finance teams must calculate dues for hundreds of buyers, apply installment percentages, calculate applicable GST, deduct advance payments, and dispatch formal demand notices. Manual processing takes days, causing severe cash-flow delays.
Key Capabilities of our RERA Demand & Billing Engine
1. Construction Milestone Progress Tracker
Site engineers and project managers mark construction milestones complete directly in the CRM (e.g. Foundation Complete, 1st Slab Cast, Terrace Slab Complete, External Painting). The system automatically identifies all booked buyers mapped to that tower and milestone.
2. 1-Click RERA Demand Letter Generation
Generate professionally formatted, RERA-compliant demand notices with accurate project registration numbers, unit specifications, payment breakdown, due dates, bank escrow account details, and developer digital signature in under 30 seconds.
3. Automated WhatsApp, Email & SMS Dispatch
Dispatch generated demand letters instantly to home buyers via registered WhatsApp and email channels with PDF download links and instant digital acknowledgment receipts.
4. Automated Overdue Interest & Milestone Reconciliation
Track payment receipts, bank NEFT/RTGS transaction IDs, and calculate interest charges for overdue payments in full accordance with state RERA guidelines (e.g., SBI MCLR + 2%).
| Billing Component | Manual Excel & Word Drafts | Tech Connects Hub RERA Engine |
|---|---|---|
| Milestone Batch Processing | 3 - 5 days per slab milestone | Instant batch generation (2 minutes) |
| GST & Tax Calculation | Prone to formula errors | 100% automated & compliant |
| Payment Receipt Logging | Manual ledger entry | Instant reconciliation & receipt PDF |
| Buyer Escalation Tracking | Scattered emails & disputes | Centralized timestamped audit log |
Complete Peace of Mind for Developers & Finance Teams
Maintain complete financial visibility with milestone aging reports, project collection summaries, and escrow account balances to ensure your development projects stay fully funded and compliant.