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 on construction progress, approvals, and other project-related updates, allowing homebuyers to stay informed and make educated decisions.
The regulator noted that failing to meet QPR requirements could lead to penalties of up to 5% of the project cost as stipulated in section 61 of the Act.
In a recent enforcement action, UP-RERA levied penalties on two Lucknow projects, Arpita Infinity and Ganpati Smart City, for not submitting QPRs over several quarters.
The authority has urged promoters to ensure timely and accurate disclosures, stressing that consistent updates are vital for maintaining buyer confidence and regulatory compliance in the real estate industry.
