Tag: Quarterly Progress Reports

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UP-RERA to Open QPR Filing Window April 1-15, Warns of Penalties

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) will open its portal from April 1 to April 15, 2026, for promoters to upload their quarterly progress reports (QPRs) for the quarter ending March 31, 2026. The authority has instructed all developers of registered projects to update their project details within this specified timeframe, warning that non-compliance may result in regulatory actions. UP-RERA emphasized that the submission of QPRs is required under section 11(1) of the Real Estate (Regulation and Development) Act, 2016. This process is crucial for ensuring transparency and accountability within the sector. The reports provide information…

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Builders fined ₹25,000 for late quarterly reports: Karnataka RERA

Here’s a rewritten version of the content: 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…