UP RERA Cracks Down on Promoters Failing to Submit Annual Audit Reports

Lucknow/Gautam Buddha Nagar: The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has adopted a strict stance against real estate promoters who have failed to submit their Annual Audit Reports for the financial year 2024-25. The authority has identified 76 registered projects whose promoters have not yet uploaded the mandatory audit reports on the UP RERA web portal. Under RERA regulations, every promoter is required to have project accounts audited after the completion of each financial year and upload the Annual Audit Report within six months of the financial year’s…

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