The RERA regulations introduced by Government of India, are meant for protection of home buyers’ interests. RERA demands more transparency in sales, execution and costs of residential construction projects.
Introduction of RERA has caused some churning in the Indian real estate industry, among builders, developers, contractors and architects.
Initially, RERA compliance had been somewhat of a mystery and builders grappled to understand how exactly to ensure RERA compliance for their new projects.
Over time, it has become clear that prime intention of RERA is more transparency in project sales and execution.
The best way to ensure transparency in construction projects is to implement the best project management and cost control practices.
Traditional project management software
The moment you start thinking about project management software, traditional software like MS Project or Primavera come to mind.
These are among the oldest names in the business. But on the flipside, they are not as user friendly as modern day IT tools.
Moreover, software like MS Project is rarely fully utilized. It is widely known for and used for creating Gantt charts, representing the planned timeline of projects.
But serious manual efforts are needed, when it comes to putting the actual timeline against the planned Gantt chart. Project engineers have to gather the progress data from different project stakeholders and manually input to MS Project file.
The prime reason behind this is – MS Project schedule is not directly connected to the actual work being done by the project team.
So is there any way connect the project schedule to actual work?
What about the tools that you are already using
There are some popular tools which are used on regular basis in a construction project environment like –
- All engineering drawings, plans, BOQ, permits and contracts are stored in shared folders.
- These files are exchanged via emails between – builder, contractor, architect, consultant, municipal corporation engineers etc.
- Shared spreadsheets are often used to track actual progress and costs against budget.
So, if project schedule can directly connect with shared folders, email server and spreadsheets, project monitoring can be automated.
So what you actually need is a platform to connect the important tools that your team is already using, rather than adding a new tool to the mix and confusing everyone.
But how will it help with RERA compliance?
If you have an automated dashboard where you can see all your projects, their progress, costs and sales, reporting to RERA authority becomes easier.
Ensuring timely completion of all your project milestones also becomes easier. So you don’t have to worry about facing any RERA related penalties.
An automated progress tracking and reporting platform gives you a safety net against any miscommunication or inaccurate reporting from site.
But is there any tool like this?
WorkPack platform for project and document management has already been helping construction project managers from different industries with its integrated reporting dashboard.
It combines the user friendly tools of daily use – like emails, spreadsheets, document folders and project schedule – on a central platform.
So your project team works on these tools, like they normally would, without having to learn any new software or workflows.
But WorkPack tracks all of their work digitally and informs you with a neat report on your dashboard.
Connectivity to site activities
For the site engineers, supervisors, construction managers, WorkPack mobile app helps them connect with their documents, approvals, data inputs, photos etc.
So they also get seamless connectivity with the rest of the team.
Reporting for RERA compliance
Tight integration of all these tools on WorkPack platform enables capture of all important project data.
Next, WorkPack’s custom reporting module (BI) helps you to create and configure reports with your desired format – using all this tracking data.
RERA compliance becomes easier when you have ready reports at your fingertips to be simply printed and submitted to the RERA website.
Do you think your team can benefit from WorkPack? Find out by registering on our trial version.
Let us know if you need any help or speak to our consultants to know how exactly WorkPack will help you.
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