The Gujarat Real Estate Regulatory Authority (GujRERA) has extended the last date for submission of annual reports on statement of accounts by real estate developers for the 2020-21 fiscal.
The deadline has now been extended to March 31, 2022, from December 31, 2021, and will provide relief to developers affected by the Covid-19 pandemic.
This is the second extension to developers by the state regulator. Previously, the date for filing annual reports was extended to December 31, 2021, from the original deadline of September 30.
“The last date for the submission of Form-5 for financial year 2020-21, which was due on September 9, 2021, as extended to December 31, 2021, is hereby further extended to March 31, 2022,” the regulator ordered recently. Real estate developers are required to submit the annual report on statement of accounts in Form-5 six months after the end of every fiscal year for every registered project.