RERA Audit

RERA Audit Services - Form 5

As a builder or promoter, submitting Form 5 is a mandatory step in maintaining your project’s RERA registration and ensuring your financial reporting is in compliance with the law.

At RERAOne, we offer comprehensive RERA audit solutions to ensure your real estate projects fully comply with the Real Estate (Regulation and Development) Act, 2016. One of the key components of RERA compliance is the submission of Form 5, a vital document requiring verification by a Chartered Accountant (CA) to confirm that your project’s financial transactions align with RERA’s regulations and requirements.

Requirement for Submitting Form 5

Form 5 is a compulsory requirement under the RERA Act, and developers must ensure it is submitted within six months from the end of the financial year. Additionally, it must be submitted in the following scenarios:

• While applying for an extension
• Major change applications
• Completion compliance

Failure to submit Form 5 has serious consequences. Maharera has issued show-cause notices to developers for non-compliance with Form 5, which can lead to penalties, delayed approvals, or even de-registration of the project.

Our RERA Audit Process (Form 5)

At RERAOne, we provide a thorough and systematic audit process for Form 5 certification, ensuring that all your financial records and transactions are meticulously reviewed and in order. Our experienced team of Chartered Accountants (CAs) works on your behalf to prepare the necessary documents, which will then be audited by a practicing Chartered Accountant to ensure compliance. We follow a detailed approach to verify all financial aspects of your real estate project, including but not limited to:

• Reviewing Financial Transactions: We carefully examine all financial transactions to ensure they are accurate and in line with RERA’s prescribed norms.
• Verification of Project Funds: We verify that the funds collected from homebuyers and investors are used exclusively for the development of the project, as per RERA requirements.
• Documenting Financial Disclosures: We ensure that all required financial disclosures are accurately documented and meet RERA's compliance standards.
• Ensuring Compliance with RERA Guidelines: We ensure that your project’s financials fully comply with RERA regulations, minimizing the risk of penalties or legal issues.

Ensuring Compliance with RERA Guidelines: We ensure that your project’s financials fully comply with RERA regulations, minimizing the risk of penalties or legal issues.

Why Choose ReraOne for Your RERA Audit (Form 5)?

• Expertise: Our team of Chartered Accountants (CAs), along with legal and corporate professionals, brings deep expertise in RERA compliance and audits.
• Efficiency: We ensure fast, accurate audits with minimal disruption to your project timelines.
• Transparency: We prioritize complete transparency in our audit process, providing you with clear reports and insights into your financials.
• Compliance Assurance: Our services ensure that your project remains fully compliant with RERA regulations, avoiding penalties and legal issues.