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ARTICLE · 18 SEPTEMBER 2025

Karnataka RERA Issues New Directive On Mandatory Annual Audits

IndiaLaw LLP
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The Real Estate (Regulation and Development) Act, 2016 (RERA Act) was introduced by the Government of India to bring transparency, accountability, and discipline into the real estate sector. Following this.

IndiaReal Estate and Construction
Ayush Shukla
Ayush Shukla

Introduction

The Real Estate (Regulation and Development) Act, 2016 (RERA Act) was introduced by the Government of India to bring transparency, accountability, and discipline into the real estate sector. Following this, the Government of Karnataka notified the Karnataka Real Estate (Regulation and Development) Rules, 2017. To ensure effective implementation, the Karnataka Real Estate Regulatory Authority (K-RERA) established a comprehensive web portal to facilitate registrations, filing of quarterly updates, change requests, submission of complaints, and filing of audited accounts.

One of the key compliance requirements under the RERA Act relates to the submission of annual audit reports by promoters. The recent circular issued by K-RERA on 12 September 2025 mandates all promoters to file the annual audit report for the financial year 2024-25 in strict compliance with statutory provisions.

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