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Property Related Laws Karnataka Department of Housing and Urban Development Real Estate (Regulation and Development) Act, 2016

Extension of Deadline for Annual Audit Report Filing on Karnataka -RERA Portal

09-Jan-2026 | RERA/Accounts/CR/244050/2024-25

This circular notifies real estate promoters registered with the Karnataka Real Estate Regulatory Authority (K-RERA) of their obligation to submit the Annual Audit Report (Form-7) for the financial year 2024 to 25 through the K-RERA online portal. It reiterates that promoters must ensure their project accounts are audited by a practising Chartered Accountant within the prescribed period, confirming that funds collected for each project have been utilised solely for that project and withdrawals are proportionate to the stage of completion. The circular further informs that penalties shall be levied for non-submission or delayed submission of the Annual Audit Report after the previously extended deadline of 31 December 2025, and such penalties are required to be paid through the RERA e-payment system. As a final relief measure, the Authority has granted a last opportunity to submit the Annual Audit Report for FY 2024 to 25 without penalty up to 20 January 2026. Failure to submit the report and/or pay the applicable penalty between 21 January 2026 and 31 March 2026 will result in recovery proceedings being initiated from 1 April 2026 in accordance with applicable legal provisions. The circular comes into force with effect from 9 January 2026 and is binding on all defaulting and non-compliant promoters.

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