Rera Act
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- General
- Author: Riya Kapoor
Highlights
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Rs 25,000 penalty per quarter for delayed or non-submission of QPRs
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One-time penalty-free window to file Q1–Q3 reports till 20 February 2026
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QPR filing is mandatory under RERA Act, 2016 to ensure transparency
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Recovery proceedings to start against non-compliant promoters after the deadline
The Karnataka Real Estate Regulatory Authority (KRERA) has issued an important circular dated 20 January 2026, warning promoters about strict penalties for delayed or non-submission of Quarterly Progress Reports (QPRs) for the Financial Year 2025–26.
This move reinforces KRERA’s intent to ensure transparency, accountability, and timely disclosures by real estate promoters across Karnataka.
What Is a Quarterly Progress Report (QPR)?
Under Section 11(1) of the RERA Act, 2016, read with Rule 15(1)(D) of the Karnataka RERA Rules, 2017, every registered real estate project must submit quarterly updates on the KRERA portal.
These updates include:
- Construction progress
- Financial details
- Project approvals
- Sales and inventory status
Filing QPRs within the prescribed timeline is a mandatory legal obligation for all promoters.
Quarterly Filing Deadlines
Promoters must submit quarterly updates within 15 days from the end of each quarter, as per the following schedule:
- 15 July – Quarter 1 (Q1)
- 15 October – Quarter 2 (Q2)
- 15 January – Quarter 3 (Q3)
- 15 April – Quarter 4 (Q4)
Failure to comply with these timelines may result in penalties and enforcement action.
Penalty for Non-Submission or Delay
KRERA has exercised its powers under Section 38(1) read with Section 61 of the RERA Act, and announced the following:
- Penalty of ₹25,000 per quarter
- Applicable for each delayed or non-submitted QPR
- Penalty is mandatory and enforceable
- Penalty payment must be made through KRERA e-Payment on the project login
In serious cases, the penalty can extend up to 5% of the total estimated project cost, as determined by the Authority.
Final Penalty-Free Opportunity – Act Now
KRERA has granted a final one-time opportunity to promoters to submit pending reports without penalty.
Deadline: 20 February 2026
This relaxation applies to:
- Quarter 1 (FY 2025–26)
- Quarter 2 (FY 2025–26)
- Quarter 3 (FY 2025–26)
If these reports are not submitted by 20-02-2026, a penalty of ₹25,000 per quarter will be levied automatically.
Important Note for Quarter 4
- Quarter 4 QPR must be filed on or before 15 April 2026
- Penalty will apply from 16 April 2026 onwards for any delay
KRERA has also clarified that recovery proceedings will begin from 20 February 2026 for non-compliant promoters.
Why Timely QPR Filing Is Crucial
Delayed or missed quarterly filings can lead to:
- Financial penalties
- Regulatory notices
- Project compliance issues
- Loss of credibility with authorities and buyers
Regular and accurate QPR filing ensures smooth project operations and protects promoters from unnecessary legal exposure.
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