MAHA Rera Audit

MAHA Rera Audit

A Maha Rera Audit is a mandatory review of a real estate project’s financial records to ensure compliance with the Maharashtra Real Estate Regulatory Authority (Maha RERA) guidelines.

  • Ensure proper utilization of project funds as per Maha RERA norms.
  • Confirm compliance with RERA rules, including fund segregation and reporting.
  • Provide assurance to stakeholders and homebuyers on the financial transparency of the project.
  • Identify gaps in financial reporting and suggest improvements in control and compliance mechanisms.

Overview of Maha Rera Audit

A Maha Rera Audit is a mandatory annual audit required under the Maharashtra Real Estate Regulatory Authority (Maha Rera) regulations. It applies to registered real estate projects and focuses on verifying the proper utilization of project funds and compliance with RERA provisions.

The audit ensures that 70% of the amounts realized from allottees are used exclusively for land and construction costs, as mandated. It also involves reviewing project timelines, fund segregation, and financial disclosures. The audit must be conducted by a Chartered Accountant and submitted in Form 5.

Maha Rera audits promote financial transparency, protect homebuyer interests, and build trust in the real estate sector.

Services We Provide for Maha Rera Audit

At TaxMyles, we offer end-to-end support for Maha Rera compliance through our expert audit services:

  • Verification of Fund Utilization: Ensuring that 70% of funds from allottees are used for land and construction as per RERA guidelines.
  • Preparation and Filing of Form 5: Audit report certification and timely submission to the Maha Rera portal.
  • Review of Project Financials: Detailed assessment of project-wise income, expenditure, and cost allocation.
  • Compliance Check: Evaluation of adherence to Maha Rera rules, including timelines and disclosures.
  • Advisory on Financial Reporting: Guidance on maintaining accurate records and improving transparency.
  • Liaison with Authorities: Support in responding to any queries or clarifications from Maha Rera.
  • Ongoing Compliance Support: Periodic review and consultation to ensure continued RERA compliance throughout the project lifecycle.

Why Choose TaxMyles for Maha Rera Audit?

  • Expert Knowledge: In-depth understanding of Maha Rera regulations and compliance requirements.
  • Timely & Accurate Filing: We ensure accurate audit reports and on-time submission of Form 5 to Maha Rera.
  • Comprehensive Financial Review: Thorough verification of fund utilization and financial transparency.
  • Dedicated Support: Ongoing assistance with RERA compliance and communication with authorities.
  • Trustworthy & Transparent: We provide clear, actionable recommendations for maintaining compliance and improving internal controls.