Tag: Jharkhand Real Estate Regulatory Authority

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Jharkhand RERA Fines 77 Builders ₹83.5 Lakh for Report Delays

RANCHI: The Jharkhand Real Estate Regulatory Authority (JRERA) levied a cumulative fine of Rs 83,50,000 against 77 builders on Friday due to their failure to submit required quarterly progress reports (QPR) and non-compliance with court summons. JRERA Chairman Birendra Bhushan warned of more stringent actions, stating, “The defaulters did not show up in court today, leading to these penalties. If they do not settle their dues, their bank accounts will be frozen.” This enforcement is part of a broader initiative by the regulator. Recently, notices were issued to 106 builders for breaching transparency regulations. Two developers have settled their fines,…

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Over 900 Jharkhand builders miss quarterly report deadline

RANCHI: The Jharkhand Real Estate Regulatory Authority (JRERA) is set to issue notices to 904 builders statewide for neglecting to submit required quarterly construction and financial progress reports. Developers involved in residential projects with over eight flats are mandated to register with JRERA and provide detailed quarterly updates on construction status, financial health, and project progress. These disclosures aim to promote transparency and accountability in the real estate industry. Data from JRERA indicates that by December 2025, 1,711 projects were recorded with the authority throughout Jharkhand. However, over 50% of these projects did not submit their quarterly progress reports for…