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BENGALURU: In an effort to safeguard homebuyer rights, the Karnataka Real Estate Regulatory Authority (K-Rera) has decided to enforce a penalty of ₹25,000 per quarter on promoters who fail to submit quarterly progress reports (QPRs) for the financial year 2025-26, as required by the Real Estate (Regulation and Development) Act, 2016.
In a circular released on Tuesday, K-Rera reminded promoters that they are obligated to upload quarterly updates of their registered real estate projects on the K-Rera website within 15 days of each quarter’s conclusion. The authority stated that it has the authority to issue directives and impose penalties for non-compliance under the Act.
K-Rera has provided a final one-time opportunity for promoters to submit reports for Q1, Q2, and Q3 without facing a penalty, with a deadline of February 20, 2026. After this date, recovery proceedings will commence for any late or missing submissions, effective from January 20.
Builders commented that the quarterly filings are mostly procedural and technical. While they accept penalties, they believe these should be minimal and justifiable.
In contrast, homebuyers have welcomed the initiative, asserting that it may enforce accountability among builders. Srinivasa Rao Talla, secretary of the Bangalore City Flats Owners Welfare Association (BCFOWA), stated: “This enables both the authority and homebuyers to monitor project progress. Authorities can take action if the progress doesn’t meet the established timelines.”
Dhananjaya Padmanabhachar, convenor of the Karnataka Home Buyers Forum, however, criticized the authority’s penalty as inadequate. “The RERA Act allows the authority to impose penalties up to 5% of the project cost. A higher penalty would ensure compliance with RERA rules. It’s surprising that the authority has yet to release the project completion policy, allowing promoters to meet closure requirements. When the RERA authority itself is at fault, who holds them accountable?”
MS Shankar, general secretary of the Forum for People’s Collective Efforts, remarked: “In our 2024 correspondence, we highlighted K-Rera’s leniency toward violations regarding quarterly project updates. Despite a similar circular in 2020, many projects are inadequately mapped, raising questions about K-Rera’s commitment to enforcing this current directive.”
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