RERA Audit
Quick Reference for Your Business
Annual Project Accounts Audit โ everything you need to know about RERA Audit.
01
What It Is
Annual audit
of a real-estate project's accounts under RERA
Issued in Form 5
by the project's CA / statutory auditor
Confirms the 70% rule
funds kept in the designated account
Verifies withdrawals
matched the percentage of completion
02
Key Facts & Due Date
| Item | Detail |
|---|---|
| Legal basis | Section 4(2)(l)(D) of RERA, 2016 |
| Form 5 due | Within 6 months of FY-end (by 30 September) |
| 70% rule | 70% of collections kept in a separate project account |
| Form 3 vs Form 5 CA | Must be different CAs |
03
Penalty / Risk
Non-compliance / false certificate
RERA penal action against the promoter; reference of the CA to ICAI for a false certificate.
Note: RERA audit is the annual check that buyers' money was used for the project. Form 5 confirms the 70% deposit rule and that withdrawals tracked construction progress. The CA who issues the annual Form 5 must be different from the CA issuing Form 3 withdrawal certificates.
04
Why Promoters Trust M/s Durganjali & Associates
A real, qualified Chartered Accountant
A CA who completes your RERA Form 5 audit accurately and on time, keeping project compliance clean.
Audits that hold up
Proper working papers and documentation that stand up to regulators, banks and the department.
Deadlines never missed
We track every due date so penalties never catch you off guard.
Clear updates in your language
Simple updates in Telugu and English โ you always know where things stand.
Honest, practical advice
Straight answers you can act on โ no jargon, no overselling.
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