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Rajasthan RERA to send notice to realtors for not submitting QPR’S

Dated on: Tuesday 7th September 2021

The Rajasthan Real Estate Regulatory Authority will issue notices to approximately 300 developers in the state for not submitting quarterly progress reports.According to the mandatory provision, the promoter has to upload updates on the RERA website for the project at the end of each quarter on apartments/flats, status update of each building. A senior official at RERA said, “After issuing the notices, the developers will be given time to submit their reply in October. Registration will be canceled if the reply is dissatisfactory.” The move to upload reports online help buyers to assess the properties, the progress of the projects, evaluation of the company’s financial status and legal aspects.

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