Rera Act
Maharashtra
Karnataka
Telangana
Andhra Pradesh
Delhi
Uttar Pradesh
Haryana
Gujarat
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- General
- Author: Riya Kapur
Highlights
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KRERA mandates Form-7 filing: All promoters of Karnataka RERA-registered projects must submit the Annual Audit Report (Form-7) for FY 2025–26 through the online portal.
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Deadline is 15 November 2026: Form-7, certified by a practicing Chartered Accountant, along with all required financial documents, must be filed before the due date.
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Mandatory supporting documents: Audited Balance Sheet, Profit & Loss Account, Cash Flow Statement, Schedules to Financial Statements, Income Tax Return, and Auditor's Report must be uploaded.
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Penalty for non-compliance: Failure to submit Form-7 within the prescribed timeline may attract penalties under Section 60 of the Real Estate (Regulation and Development) Act, 2016.
The Karnataka Real Estate Regulatory Authority (KRERA) has
issued a circular dated 19 June 2026 mandating all promoters of
registered real estate projects to submit the Annual Audit Report (Form-7) for
the Financial Year 2025-26. The circular reiterates the statutory
requirement under Section 4(2)(l)(D) of the Real Estate (Regulation and
Development) Act, 2016 and introduces an online filing mechanism through
the KRERA portal.
What is Form-7 under Karnataka RERA?
Form-7 is the Annual Audit Report that every
promoter must obtain from a practicing Chartered Accountant. The report
certifies:- Proper
utilization of funds collected from allottees.
- Compliance
with the provisions of the RERA Act.
- Withdrawal
of funds in proportion to the percentage of project completion.
- Accuracy
of financial statements relating to the registered project.
Who Needs to File?
The circular applies to all promoters of projects
registered with Karnataka RERA for the financial year 2025-26.
Every promoter is required to:- Obtain
Form-7 certified by a practicing Chartered Accountant.
- Submit
the report through the Annual Audit module available on the
Karnataka RERA portal.
- Upload
all supporting financial documents.
Documents Required
Along with Form-7, promoters must submit:- Audited
Balance Sheet
- Profit
& Loss Account
- Schedules
to Financial Statements
- Cash
Flow Statement
- Income
Tax Return
- Auditor’s
Report
These documents must relate to the financial year
ending 31 March 2026.
Due Date for Submission
The Karnataka RERA has prescribed the following deadline:
Last Date: 15 November 2026
All required documents along with Form-7 must be filed
online before this date.
Legal Basis
The requirement arises from:- Section
4(2)(l)(D) of the Real Estate (Regulation and Development) Act, 2016
- Karnataka
Real Estate (Regulation and Development) Rules, 2017
The law requires promoters to have project accounts audited
every financial year by a practicing Chartered Accountant to ensure
transparency and accountability.
Penalty for Non-Compliance
The circular clearly states that failure to submit the Annual Audit Report (Form-7) within the prescribed timeline may attract penalties under Section 60 of the RERA Act, 2016.
Timely compliance helps developers avoid regulatory action
and ensures continued compliance with Karnataka RERA requirements.
Online Filing Process
Promoters should:- Login
to the Karnataka RERA portal.
- Select
the Annual Audit option under Registration.
- Complete
the required details.
- Upload
Form-7 and supporting financial documents.
- Submit
the application online.
Need Help with Karnataka RERA Form-7 Filing?
RERA Filing provides end-to-end assistance for:- Preparation
of Form-7
- Chartered
Accountant coordination
- Review
of financial documents
- Online
filing on Karnataka RERA portal
- Compliance
support for developers across India
Our team ensures your filing is accurate, complete, and
submitted before the deadline.
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