RERA Act
Maharashtra
Karnataka
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Andhra Pradesh
Delhi
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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 RequiredAlong 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
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
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
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