A website is the face of a business on the web. This is where people learn about the services or any other information of an estate company. Whether someone wants to buy a flat or sell a plot, people search online. This is why it’s very important to have a website, plus updated information. But what should be updated on the website is the real question. To answer this question, I wrote this detailed article to solve all the queries.
Top 4 Reasons to Update Your Real Estate Company’s Website
1. RERA Rules
RERA stands for Real Estate Regulation and Development Act. This is a law that was made in 2016 to protect people who buy homes. Every state in India has its own RERA authority that watches over real estate projects.
When Must Real Estate Companies Update?
Under Section 11 of the RERA Act, every property developer must update their project information every quarter (every 3 months) on the state RERA website. This means four times a year:
- Quarter 1: April to June – Update by 15th July
- Quarter 2: July to September – Update by 15th October
- Quarter 3: October to December – Update by 15th January
- Quarter 4: January to March – Update by 15th April
What Information Must Be Updated?
Property developers must share the following information every quarter:
- Construction progress: How much work is completed.
- Money details: How much money was collected and spent.
- Booking status: How many apartments are sold or available.
- Photos: Recent pictures of the construction site.
- Approvals: What permissions they have received from government.
- Any changes: Updates to project plans or timeline.
What Happens if Companies Don’t Update their website?
If developers miss these quarterly updates, they can face heavy penalties:
- Fines up to 5% of the total project cost.
- In some cases, fines up to 10% of project cost or 3 years in jail.
- Daily penalties until they comply.
RERA Quarterly-Update Deadlines in Each Indian State
| State / UT | Time allowed after quarter-end | Rule / circular |
|---|---|---|
| Andhra Pradesh | 15 days (e.g. 1–15 Jan for Oct-Dec quarter) | APRERA circular on late compliance |
| Arunachal Pradesh | RERA not yet operational – no deadline | |
| Assam | 15 days | RERA-Assam order directing filing within 15 days |
| Bihar | 15 days (Reg. 9); amended to 30 days w.e.f. Q1-FY 25-26 | |
| Chandigarh (UT) | 15 days – follows Punjab RERA rules | |
| Chhattisgarh | 15 days – set in state rules (no separate circular) | |
| Delhi (NCT-D-RERA) | 15 days – guideline 2023 | |
| Goa | 15 days – default rule (no special circular) | |
| Gujarat | 7 days (reports must be filed between the 1st-7th of the new quarter) | GUJRERA circular & daily-late-fee notice |
| Haryana | 15 days | HRERA QPR Regulations, 2018 |
| Himachal Pradesh | 15 days – SOP for QPR-1 (HPRERA portal) | |
| Jharkhand | 15 days – default rule (no separate circular) | |
| Karnataka | 15 days | K-RERA public notice & manual |
| Kerala | 7 days | K-RERA Rule 17(1)(e) & manual |
| Madhya Pradesh | 15 days | MP-RERA compliance notes |
| Maharashtra | 20 days (reports due 20 Apr/20 Jul/20 Oct/20 Jan) | MahaRERA Order 33/2022 |
| Manipur | RERA not yet operational | |
| Meghalaya | RERA not yet operational | |
| Mizoram | RERA not yet operational | |
| Nagaland | RERA not yet operational | |
| Odisha | 15 days | ORERA notices to defaulting promoters |
| Puducherry (UT) | 15 days – follows Tamil Nadu rule | |
| Punjab | 15 days | Punjab RERA Rule 15 & guidance |
| Rajasthan | 15 days (extensions occasionally granted) | RERA-Raj circulars on QPR |
| Sikkim | RERA not yet operational | |
| Tamil Nadu | 15 days | TNRERA Rule 9(d) & RERA-Rules-2017 |
| Telangana | 15 days | TG-RERA circular May 2024 |
| Tripura | 15 days – default rule (no special circular) | |
| Uttar Pradesh | 15 days | UPRERA press statement Jan 2024 |
| Uttarakhand | 15 days – default rule (no separate circular) | |
| West Bengal | 7 days (WBRERA continues to give short extensions) | WB-RERA Rule 11(4)(d) & notices |
2. SEBI Rules: For Listed Real Estate Companies
SEBI stands for Securities and Exchange Board of India. Companies that sell shares to the public (listed companies) must follow SEBI’s Listing Obligations and Disclosure Requirements (LODR).
Regular Updates
- Within 2 working days of any change in required information.
- This includes changes in company policies, board members, or other important details.
Emergency Updates
For urgent news, companies must update even faster:
- Within 30 minutes – for board meeting decisions.
- Within 12 hours – for events happening inside the company.
- Within 24 hours – for events from outside the company.
Post-Meeting Updates
After earnings calls or investor meetings:
- Audio recordings – within 24 hours.
- Transcripts – within 5 working days.
Penalties for Not Following SEBI Rules
Listed companies that don’t update their websites on time can face:
- Monetary penalties from SEBI.
- Fines from stock exchanges.
- Legal action in serious cases.
3. High Bounce Rates or Low Conversion
If users visit your site but leave quickly or fail to fill out enquiry forms, your UX (user experience) may be failing. These issues may be reasons of it.
- Cluttered layout, website particular element or whole structure.
- Difficult navigation.
- Unclear call-to-action buttons.
- Lack of trust signals (testimonials, reviews, RERA info).
4. Web Technological Upgrades
With over 80% of property searches in India now happening on smartphones, having a mobile-optimized, fast-loading website is essential. A potential home buyer can be loss if
- Website pages load slowly.
- If website not responsive on mobile or tablet devices.
- Has outdated forms or broken links.
Can I implement the listed changes on my website myself?
So now you know why it’s important to update your website. But how can you do that, since learning web design and development takes time? Plus, some of the rules mentioned above need to be implemented without delay. This task requires a dedicated team to handle the complexities, so you can focus on your real estate business.
Makes360 is a top-tier real estate website development company in India, offering comprehensive services that go beyond just web development. Their expertise includes digital marketing, SEO, custom web applications, mobile app development, branding, and creative design making them a one-stop solution for real estate businesses.
Why Hire Makes360?
Now you might be wondering what makes Makes360 different from other companies, or why someone should choose us. Makes360 has worked with over 50 real estate businesses and consistently delivered satisfactory results.
Not only that Makes360 also handled full-stack digital marketing, including SEO and paid campaigns on Google and Facebook. As a result, their clients’ websites ranked for many relevant keywords and generated leads and sales from the targeted audience.
We also help website owners with branding and design, and in establishing a strong online reputation to build trust and attract their customers.
