UP RERA issues show-cause notices to 76 realty promoters for failing to upload annual audit reports

Uttar Pradesh RERA has taken a firm step by issuing show-cause notices to 76 project promoters for neglecting to provide their annual audit reports for 2024-25, crucial for maintaining transparency. With a 15-day deadline for compliance, failure could result in penalties reaching five percent of the project cost and a Rs 25,000 late fee.