RERA Act
Maharashtra
Karnataka
Telangana
Andhra Pradesh
Delhi
Uttar Pradesh
Haryana
Gujarat
Bihar
Want to submit Annual Audit Report?
Get your Annual Audit Report Submitted within one day!
-
Developers are required to submit the annual audit report to the respective RERA authority in their state.
-
The report is typically submitted at the end of the financial year, usually within six months from the end of the financial year (i.e., by September 30th for the year ending March 31st).
-
If there are any discrepancies or non-compliance issues found during the audit, RERA can take necessary actions, such as penalties, suspension of registration, or other legal actions.
Contact to Submit Annual Audit Report
Legal Framework
The Annual Audit Report is governed by the Real Estate (Regulation and Development) Act, 2016, particularly Section 4(2)(l)(D), read with the applicable State RERA Rules. The Act requires promoters to maintain a separate project account for amounts realized from allottees and ensure that withdrawals are proportionate to the percentage of project completion. The Annual Audit Report serves as an independent certification by a Practising Chartered Accountant confirming that the project funds have been utilized for the intended purpose and in compliance with the statutory provisions.
Applicability
Annual Audit Report submission is generally applicable to:
- Residential Projects
- Commercial Projects
- Mixed-Use Developments
- Township Projects
- Group Housing Projects
- Plotted Development Projects
- Ongoing and Registered Real Estate Projects, wherever required under the applicable State RERA Rules
Purpose of Annual Audit Report
The Annual Audit Report is intended to ensure financial transparency and regulatory compliance throughout the lifecycle of a real estate project. It enables the Regulatory Authority to verify that project funds are utilized solely for the registered project and provides confidence to homebuyers, financial institutions, and other stakeholders.
Key Objectives
- Verify proper utilization of project funds.
- Certify withdrawals from the designated RERA account.
- Ensure compliance with the RERA Act and applicable State Rules.
- Maintain transparency in financial reporting.
- Protect the interests of allottees.
- Facilitate regulatory oversight and project monitoring.
Documents Required
The documents required for preparation and submission of the Annual Audit Report generally include:
- RERA Registration Certificate
- Project Financial Statements
- Separate Project Bank Account Statements
- Sales Register
- Collection Details from Allottees
- Cost of Construction Records
- Land Cost Details
- Books of Accounts
- Engineer Certificate (where applicable)
- Architect Certificate (where applicable)
- Previous Compliance Records
- Any additional documents required by the respective State RERA Authority
Annual Audit Report Submission Process
Step 1 – Document Collection Collect all financial records, project-related documents, statutory certificates, and supporting information required for the audit.
Step 2 – Financial Review The Practising Chartered Accountant reviews the project accounts, fund utilization, withdrawals, and supporting financial records.
Step 3 – Audit & Certification The Annual Audit Report is prepared and certified after verifying compliance with the applicable provisions of the RERA Act and the respective State Rules.
Step 4 – Online Submission The certified Annual Audit Report is uploaded and submitted through the official portal of the concerned State RERA Authority.
Step 5 – Compliance Completion Upon successful submission, the project remains compliant with the applicable annual audit requirements under the relevant State RERA framework.
Common Compliance Challenges
Promoters frequently encounter delays due to:
- Incomplete financial records
- Mismatch between project collections and expenditures
- Incorrect fund utilization statements
- Delayed Chartered Accountant certification
- Inaccurate project cost disclosures
- Missing supporting documents
- Errors during online filing
Professional review before submission helps minimize compliance risks and regulatory objections.
Consequences of Non-Compliance
Failure to submit the Annual Audit Report within the prescribed timeline may result in regulatory scrutiny and further action by the respective State RERA Authority in accordance with the applicable provisions of the Act and State Rules. Depending on the facts of the case, the Authority may issue notices, seek clarifications, or initiate proceedings as permitted under law.
Why Choose RERA Filing?
RERA Filing provides comprehensive Annual Audit Report compliance services for promoters across multiple States and Union Territories. Our team coordinates with Chartered Accountants, project consultants, and developers to ensure accurate preparation, timely filing, and complete compliance with the applicable RERA provisions.
Our Services Include
- Annual Audit Report Preparation
- Chartered Accountant Coordination
- Financial Document Verification
- Compliance Review
- Online Filing Assistance
- Multi-State RERA Compliance Support
- Post-Submission Assistance
Frequently Asked Questions
Q1. What is a RERA Annual Audit Report?
A RERA Annual Audit Report is a statutory compliance document certified by a Practising Chartered Accountant confirming that project funds have been utilized in accordance with the Real Estate (Regulation and Development) Act, 2016 and the applicable State RERA Rules.
Q2. Who is required to submit the Annual Audit Report?
Promoters of registered real estate projects are generally required to submit the Annual Audit Report as prescribed by the respective State RERA Authority.
Q3. Who prepares the Annual Audit Report?
The report is prepared and certified by a Practising Chartered Accountant after reviewing the project's financial records and fund utilization.
Q4. Is the Annual Audit Report mandatory?
Yes. Where prescribed under the applicable State RERA framework, submission of the Annual Audit Report is a statutory compliance requirement.
Q5. Can RERA Filing assist with Annual Audit Report Submission?
Yes. RERA Filing provides end-to-end assistance, including document verification, Chartered Accountant coordination, audit support, online submission, and compliance advisory for registered real estate projects.
Need Expert Assistance?
Ensure timely compliance with your Annual Audit Report obligations through RERA Filing's dedicated compliance team. We provide professional support for document review, audit coordination, regulatory filing, and end-to-end compliance across India.
Copyright © 2026 RERA Filing. All rights reserved.
