The short answer: it is compensation in credit form, spendable only against what you owe the Authority. Regulation 11.3 sits alongside accommodation reservation and TDR as the third way a reservation gets settled.
Key takeaways
- An RCC states an amount of compensation for reserved land handed over to the Corporation.
- The amount pays development charges, premium, property tax, infrastructure charges and similar dues to the Authority, until exhausted.
- The Authority acquires land against an RCC only when the land is immediately required for development, an amenity, services or utilities.
- The certificate bears no interest.
- It is transferable.
- Payment made through it more than six months after issue is discounted at 10 percent.
What the certificate is
Chapter 11, Regulation 11.3, UDCPR as updated 30 January 2025 defines it as a certificate specifying the amount of compensation in lieu of handing over of reserved land to the Corporation, issued by the Authority. The amount may be used for payment of various charges to the Authority, like development charges, premium, property tax and infrastructure charges, from time to time in future, till the amount in it is exhausted.
| Condition | What Regulation 11.3 provides |
|---|---|
| When the Authority acquires against it | Only when the land is immediately required for development or creation of an amenity, services or utilities |
| Interest | The certificate shall not bear any interest on the amount mentioned in it |
| Transferability | The certificate is transferable |
| Time cost | Payment made to the Authority from the RCC amount after six months from the date of issue is discounted at 10 percent for payments under UDCPR |
What changes the answer
The two clauses in condition (ii) work in the same direction and should be modelled together.
The certificate earns nothing while held, and it loses 10 percent in purchasing power once six months have passed from issue. So an RCC is worth most immediately after it is issued, against charges the holder is about to incur anyway.
That makes the timing of the handover a commercial decision rather than an administrative one. Taking an RCC on a project with development charges and premium falling due shortly is very different from taking one and holding it against a future scheme.
The transferability in the same clause is the release valve: a holder without near term dues can sell the certificate rather than watch the discount apply.
Where it sits among the three routes
A reservation on the Development Plan can be settled in three ways, and they are genuinely different bargains.
Under Regulation 11.1, accommodation reservation, the owner develops the reserved site for the purpose it is reserved for and keeps development potential. Under Regulation 11.2.2, the land goes and TDR comes back, usable on a receiving plot subject to the restrictions in 11.2.8. Under Regulation 11.3, the land goes and a credit against the Authority's own charges comes back.
The RCC is the only one of the three whose value is expressed in rupees rather than in buildable area, which is why the interest and discount clauses matter to it and not to the others.
Related rule cards
- TDR: what earns it, and where it may never land
- The reserved plot next to you
- Surrender land for a road, and the FSI comes back
Where the filings come in
An RCC is issued by the Authority to a land owner, so it does not appear in the RERA register. What the register carries is the project that eventually gets built, its filed land area, buildings and floors, the promoter's extension history with the reasons given, and any complaints or litigation with case numbers, free at reragenie.com.
ReraGenie's project analysis, Rs 2,999 for one project, reads the full filing and the documents behind it.
Source: Unified Development Control and Promotion Regulations for Maharashtra, UDCPR as updated 30 January 2025. Sanctioned under the Maharashtra Regional and Town Planning Act, 1966.
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