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Karnataka Real Estate Regulatory Authority (K-RERA) will charge developers INR 25,000 per quarter for failing to submit Quarterly Progress Reports (QPRs) for registered projects in the financial year 2025-26. Promoters have a final opportunity to file overdue QPRs for the first three quarters without penalty until February 20, 2026, after which recovery actions will start. Builders suggested that fines should remain proportionate, while homebuyer groups welcomed stricter enforcement to ensure project transparency. Past lapses in filing prompted this renewed focus on accountability and timely updates.
The Karnataka Real Estate Regulatory Authority (K-RERA) has announced a clear penalty for developers who fail to submit Quarterly Progress Reports (QPRs) for their registered projects. Under the Real Estate (Regulation and Development) Act, 2016, promoters are required to upload these reports on the K-RERA portal within 15 days of each quarter's end. Non-compliance will now attract a penalty of INR 25,000 per quarter for the financial year 2025-26. Advertisement
To provide flexibility, K-RERA has allowed promoters a final one-time window to submit pending reports for the first three quarters without penalties until February 20, 2026. Beyond this date, recovery proceedings will be initiated against defaulters. The circular came into effect from January 20.
Industry representatives have noted that while penalties are acceptable, quarterly filings are largely procedural and technical, and fines should remain nominal and proportionate. Builders have highlighted the practical challenges of aligning QPR submissions with other compliance obligations, particularly during busy periods in the financial calendar.
Homebuyer organizations, however, have strongly supported the move, emphasizing that timely reports help both authorities and buyers monitor project progress. Srinivasa Rao Talla, secretary of the Bangalore City Flats Owners Welfare Association (BCFOWA), stated that the updates allow authorities to take action if project progress falls behind timelines. Similarly, Dhananjaya Padmanabhachar, convenor of the Karnataka Home Buyers Forum, noted that while the fine is low, stricter enforcement could improve compliance. He also pointed out that K-RERA has yet to release a project completion policy, which limits clarity on closure timelines for promoters.
MS Shankar, general secretary of Forum for People's Collective Efforts, recalled that in 2024, K-RERA remained lenient on violations requiring quarterly updates. Despite similar directives in 2020, many projects were not properly mapped, raising questions about the seriousness of past enforcement. The current move signals renewed focus on project monitoring and accountability under the regulatory framework.
Overall, K-RERA's decision reflects ongoing efforts to improve transparency, project discipline, and buyer protection, balancing the need for compliance with procedural realities faced by developers.
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