problem statement
In India, the implementation of RERA has introduced much-needed regulation and transparency into the real estate industry. However, the act’s decentralized nature means each state has adopted its own version of RERA with unique requirements for project registration, disclosures, agent licensing, and documentation. This has led to a complex, often contradictory compliance environment, making it difficult for developers, agents, and other stakeholders to remain fully compliant. Moreover, there’s limited digitization in many state RERA authorities, leading to manual submissions, delays, and inconsistencies. For real estate professionals who operate across multiple states or regions, managing compliance becomes even more time-consuming, expensive, and error-prone. Penalties for non-compliance can be significant, both financially and reputationally. The growing awareness around ethical conduct, innovation, and empathy in real estate—highlighting a need for solutions that not only enable easier compliance but also build a culture of trust and accountability in the sector. A centralized, intelligent platform tailored to help professionals meet diverse legal obligations seamlessly could transform compliance from a burden to a business enabler.
Pain Points
- Fragmented State Regulations: Developers face confusion due to differing RERA rules across states.
- Manual Documentation: Many compliance processes are still paper-based or non-digitized.
- Lack of Transparency: Buyers find it hard to access verified, standardized project information.
- Frequent Legal Updates: Staying updated with legal amendments across states is a burden.
- High Compliance Cost: Hiring experts in each region increases overheads.
- Slow Government Portals: State portals are often sluggish and poorly maintained.
- Inconsistent Registration Processes: Varying formats and requirements for project registration.
- Data Redundancy: Re-entering similar data across different compliance systems.
- Delayed Approvals: Legal and compliance bottlenecks delay project launches.
- Risk of Penalties: Even small errors in compliance can result in heavy fines or bans.
Products/Services Addressing Pain Points
To tackle the challenges of RERA compliance, various services are available:
- Compliance Advisory: Guidance on adhering to RERA regulations and maintaining compliance.
- Project Registration Assistance: Help with registering projects under RERA, including documentation and submission.
- Legal Due Diligence: Verification of property compliance, legal documentation, and financial checks.
- Consultancy Services: Expert advice tailored to specific regional requirements and market conditions.
Top PropTech Startups
The PropTech sector in India is rapidly growing, with startups enhancing various aspects of real estate, including compliance.
- NoBroker: Facilitates direct transactions between property owners and buyers/renters, reducing brokerage costs.
- Square Yards: Provides a technology-enabled platform for real estate transactions and advisory services.
- Housing.com: Offers an online platform for property listings and real estate services.
- NestAway: Focuses on providing fully-furnished homes for rent, targeting urban migrants.
- Zolo Stays: Provides managed co-living spaces with amenities for professionals and students.
Innovations in the Industry
The real estate sector is witnessing several innovations aimed at improving compliance and transparency
- Digital Platforms: Development of online portals for project registration and compliance tracking, enhancing efficiency.
- Blockchain Technology: Use of blockchain for secure and transparent property transactions and record-keeping.
- Artificial Intelligence: AI-driven analytics for risk assessment and compliance monitoring.
- IoT Integration: Incorporation of IoT devices for real-time monitoring of construction progress and quality.
- Mobile Applications: Apps that provide real-time updates on compliance status and regulatory changes.
Investment Trends
The RegTech industry in India is experiencing significant growth
- The market is expected to grow by 37.8% annually, reaching USD 354.72 million in 2024.
- PropTech investments are projected to reach USD 16 billion by 2030, reflecting the sector’s transformative impact.
Market Gaps
Despite the available solutions, gaps remain:
- Standardization: Lack of uniformity in compliance processes across different states.
- Integration: Need for platforms that integrate various compliance aspects into a single interface.
- Accessibility: Ensuring that small and medium-sized developers have access to affordable compliance solutions.
- Real-Time Updates: Systems that provide immediate alerts on regulatory changes and their implications.
Product Vision
CompliWise envisions creating a centralized, AI-powered compliance management platform tailored for India’s fragmented real estate regulatory ecosystem. Our goal is to turn regulatory compliance from a confusing, error-prone process into a streamlined, transparent, and empowering experience for developers, agents, and legal teams.
By building integrations with state-specific RERA portals and embedding legal logic for each jurisdiction, we will enable developers to manage all projects, disclosures, licenses, and audits from a unified dashboard. Real-time alerts will inform stakeholders of changes in regulations, while auto-generated reports will reduce documentation burdens and human errors.
Further, we will develop smart templates for legal contracts, predictive alerts for due renewals, and a secure repository for all project-related legal documents. For smaller developers, CompliWise will offer tiered pricing and regional language support to increase accessibility.
Our ultimate mission is to build trust in real estate transactions through legal transparency and technological innovations. By enabling easier, faster, and more accurate compliance, CompliWise will help the Indian real estate sector mature into a truly accountable and consumer-friendly industry
Use Case
1: Multi-State Project Compliance Dashboard
- Short Info: Unified dashboard showing compliance status for projects across all RERA jurisdictions.
- Reference: Vision (Centralized system), Pain Point (Fragmented State Regulations)
- Stakeholders: Developers, Legal Teams, Regulatory Authorities
- Elaboration: Developers often manage projects in multiple states. This dashboard enables them to view and manage each project’s registration status, documentation, and deadlines. It supports filters by geography, status, and type of compliance. It flags delays and highlights upcoming deadlines using color-coded alerts. For legal teams, this eliminates manual tracking across state portals.
2: RERA Registration Automation Wizard
- Short Info: A guided workflow to auto-fill and submit RERA project registrations.
- Reference: Pain Point (Manual Documentation), Competitors (Consultancy services)
- Stakeholders: Developers, Legal Advisors
- Elaboration: This wizard simplifies the complex RERA project registration by breaking it into dynamic steps. It pulls basic data from uploaded documents or previous entries and suggests default values per state guidelines. It also flags incorrect or missing fields and provides guidance at each step to reduce manual errors and streamline registration.
3: Regulation Update Notification System
- Short Info: Real-time alerts on changes in RERA regulations by state.
- Reference: Pain Point (Frequent Legal Updates), Vision (Real-time alerts)
- Stakeholders: Legal Teams, Compliance Officers
- Elaboration: State governments frequently amend RERA rules, but developers and legal teams may miss these changes. This feature actively monitors official state RERA websites and publications, flags relevant updates, and sends users real-time alerts via app, email, or SMS based on their geographic preferences.
4: Legal Document Repository
- Short Info: Centralized, secure vault for all project-related legal and compliance documents.
- Reference: Pain Point (Data redundancy, manual records), Vision
- Stakeholders: Developers, Legal Teams, Auditors
- Elaboration: Real estate teams often store legal docs across emails, drives, and paper records, causing compliance failures. This repository ensures structured uploads of contracts, approvals, audits, and renewal documents by tagging them to specific projects. It allows version control, permissions, and expiry reminders to avoid missed renewals.
5: Compliance Calendar & Reminder System
- Short Info: Smart calendar showing all compliance tasks, deadlines, and schedules.
- Reference: Vision, Pain Points (Delayed Approvals, Inconsistent Registrations)
- Stakeholders: Developers, Project Managers
- Elaboration: This smart calendar aggregates project timelines, state deadlines, renewal periods, and internal legal reviews into one view. It syncs with user calendars and sends customized reminders based on priority, complexity, or location. It also allows teams to assign tasks and track progress
Research Summary
India’s real estate sector faces a daunting challenge: ensuring consistent regulatory and legal compliance amid a fragmented RERA implementation. Each state operates with different mandates, formats, and workflows, creating confusion and increasing the risk of non-compliance. Through extensive research, stakeholder analysis, and industry observation, CompliWise was conceptualized as a robust RegTech platform to streamline and centralize compliance efforts for developers, agents, and legal teams.
Target users include mid-to-large-scale real estate developers, legal advisors, compliance professionals, and real estate agents operating across multiple states. Key pain points identified include manual registration processes, inconsistent documentation, frequent regulatory updates, and lack of transparency for buyers. Existing competitors provide fragmented services, leaving ample room for innovation in centralized platforms.
With this insight, CompliWise proposes an AI-powered compliance dashboard, automation wizards, real-time regulation alerts, and seamless integration with RERA portals. It also includes collaborative tools for legal teams, smart risk scoring, and public transparency portals for consumer confidence. Over 15 detailed use cases have been defined to cover all critical compliance workflows.
The market is rapidly evolving, with projected growth in RegTech investments and increasing demand for digital transformation in real estate. CompliWise is poised to launch by October 2025, aiming to not only meet compliance requirements but also instill a culture of ethical and transparent real estate development in India.
Published by Tisu Singh JSPM PUNE
