By Staff Reporter
In a bid to ensure transparency and accountability in the real estate sector, the Telangana State Real Estate Regulation Authority ( TS-RERA ) has issued a stern directive. Builders and promoters registered under the Real Estate Regulatory Authority (RERA) Act must submit their quarterly and annual audit reports by the end of September. TS-RERA Chairman N. Satyanarayana underscored that non-compliance would result in actions aligned with the provisions of the RERA Act.
This call for accountability requires builders and promoters to diligently upload their quarterly project reports on the RERA website using the designated promoter login. This mandate is in accordance with the specifications outlined in Section 11(1)(b) and Section 4(2)(l)(D) of Provision 3. Quarterly reports are expected by the deadlines of April 15, July 15, October 15, and January 15. Annual audit reports must be submitted within six months following the conclusion of the annual year.
Satyanarayana stressed that emails and notices have already been dispatched to the concerned parties. They have been strongly urged to prioritize the submission of these reports by the end of the current month, adhering to RERA regulations. Forms 4, 5, 6 are designated for quarterly reports, while Form-7 is the applicable format for annual reports. These forms are readily available for download on the RERA website.
This move by TS-RERA reinforces the commitment to accountability and transparency within the real estate industry. Builders and promoters are reminded of the approaching deadline and the consequences of failing to meet it. Compliance with RERA regulations is essential to maintaining trust and integrity within the sector.