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MahaRERA Form 3 Withdrawal Worksheet

Work through the MahaRERA Form 3 designated-account withdrawal ceiling using the documented cost-incurred proportion formula.

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Input format

Paste rows with projectName, totalEstimatedLandCost, totalEstimatedConstructionCost, landCostIncurred, constructionCostIncurred, and amountWithdrawnTillDate. Optional: financingCostIncurred, designatedAccountBalance.

Expected columns: projectName, totalEstimatedLandCost, totalEstimatedConstructionCost, landCostIncurred, constructionCostIncurred, amountWithdrawnTillDate

This field stays in your browser. Use synthetic data while testing.

Input diagnostics

  • Rows accepted for draft: 1 of 1 parsed.

Draft output updated. Review it before downloading or sharing.

What this creates

  • plain-text withdrawal ceiling worksheet
  • review checklist text

Downloaded draft includes

  • generated timestamp, local artifact ID, tool page, and package version
  • expected columns, detected delimiter, input headers, and row diagnostics
  • source links, source review dates, unsupported cases, and review caveats
  • Terms and disclaimer reference

Supported inputs

  • pasted project rows with estimated and incurred land/construction cost, prior withdrawals, and account balance

What this does not decide

  • Scoped to Maharashtra only; other states use different RERA forms and, in at least one documented case, a different withdrawal formula.
  • Does not compute the separate 70%-versus-100% deposit threshold from Form 3 Table D; it flags that check as a manual step.
  • Does not certify or replace the engineer, architect, or chartered accountant certification Form 3 itself requires.
  • Does not confirm whether financing or interest cost should be included in cost incurred; that inclusion is not settled in the source used and is flagged when entered.

Axal path

Track recurring RERA withdrawal certifications, bank account rollforwards, and audit history per project in Axal.

Source explainer

The official MahaRERA Form 3 template is used for the worksheet structure and the documented cost-incurred proportion formula; this tool does not use a dual-reading ambiguity because that specific ambiguity was traced to a different state's form, not MahaRERA's.

Review workflow

Use the draft as a starting point, not a decision.

This page is meant for a one-off local review pass. Keep source documents beside the output and verify identities, dates, amounts, and assumptions before sending or filing anything.

Input guide

  • Use one row per project or withdrawal request with totalEstimatedLandCost, totalEstimatedConstructionCost, landCostIncurred, constructionCostIncurred, and amountWithdrawnTillDate.
  • Add designatedAccountBalance if you want the computed ceiling capped by the actual funds available in the account.

Example workflow

  1. Paste project cost figures for the current withdrawal request.
  2. Review the computed proportion of cost incurred and the resulting withdrawal ceiling.
  3. Check the Table D 70%-versus-100% deposit threshold and the tripartite certification separately before finalizing Form 3.

Review checklist

  • Confirm the project is registered with MahaRERA and this is the current Form 3 version.
  • Confirm whether financing cost should be included in cost incurred for this engagement before adding it.
  • Complete the engineer, architect, and CA tripartite certification required by Form 3 before withdrawal.

Common mistakes

  • Assuming this worksheet applies outside Maharashtra; other states use different forms and formulas.
  • Skipping the separate Table D deposit-threshold check because the withdrawal ceiling looked fine.

When to move to Axal

Track recurring RERA withdrawal certifications, bank account rollforwards, and audit history per project in Axal.

Common questions

Boundaries before you rely on the output.

Does this tool work for RERA states other than Maharashtra?

No. Other states, such as Uttar Pradesh and Haryana, use different forms and defined terms, and at least one other state's form has a documented formula ambiguity that MahaRERA's Form 3 does not share.

Does the withdrawal ceiling formula have more than one valid reading?

Not for MahaRERA. The documented formula is the total estimated project cost multiplied by the proportion of cost incurred, per MahaRERA Circular No. 7/2017.

Need this as a recurring workflow?

Keep this page for a one-off local draft. Use Axal when the same work needs saved mappings, client context, evidence trails, tasks, and review history.

Open Axal