What This Circular Covers
The Karnataka Real Estate Regulatory Authority (K-RERA) has issued a circular dated 19th June 2026 mandating all registered promoters to submit their Annual Audit Report (Form-7) for the financial year 2025-26, in compliance with Section 4(2)(l)(D) of the Real Estate (Regulation and Development) Act, 2016.
Under the 3rd proviso of Section 4(2)(l)(D) of the RERA Act, promoters are required to get their project accounts audited within six months after the end of every financial year by a practising chartered accountant. The audit must verify that funds collected for a project have been utilised for that project, and that withdrawals were made in proportion to the percentage of project completion.
What Promoters Need to Submit
As per the circular, promoters must submit the following through a separate online module on the K-RERA web portal (accessible via Annual Audit login under Registration):
- Form-7 (Annual Audit Report) as notified by K-RERA
- Audited Profit and Loss account
- Audited Balance Sheet along with schedules
- Cash flow statements
- Income Tax Returns
- Auditor's report
Key Dates & Details
| Applicable Period | Financial Year 2025-26 (ending 31 March 2026) |
|---|---|
| Submission Deadline | On or before 15th November 2026 |
| Where to Submit | K-RERA web portal — Annual Audit login under Registration |
| Legal Basis | Section 4(2)(l)(D), Sections 25 & 37 of the RERA Act, 2016 |
⚠ Penalty for Non-Compliance
Failure to submit the Annual Audit Report (Form-7) for FY 2025-26 within the stipulated time may attract penalty under Section 60 of the Real Estate (Regulation and Development) Act, 2016.
Facing Login Issues?
The circular notes that promoters facing any problems while logging in or submitting Form-7 can raise a support ticket through the K-RERA Helpdesk on the official portal.
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