UP Rera Issues Strict Deadline for Quarterly Project Reports, Implements New Fee Structure
GHAZIABAD: The Uttar Pradesh Real Estate Regulatory Authority (UP Rera) has issued a directive requiring all developers to upload quarterly progress reports (QPR) of their projects on its official portal by April 15. Failure to comply will result in strict action against non-compliant realtors, including potential fines and restrictions on project extensions.
Mandatory Reporting and Penalties for Non-Compliance
An official from UP Rera emphasized that updating QPRs is a mandatory requirement under Section 11(1) of the UP Rera Act 2016. "It is only after updating all QPRs on the portal that promoters will be allowed extension of project registration," the official stated. "Developers who fail to meet the deadline will face a fine of Rs 2 lakh per project."
The QPR must include detailed progress updates, supported by photographic evidence, ensuring transparency and accountability in real estate projects. This move aims to prevent past issues where developers neglected reporting obligations.
Historical Context and Recent Improvements
In 2023, out of 3,515 projects registered with UP Rera across the state, developers had not updated the status for 1,088 projects, leaving the authority unaware of over 31% of project progress. However, aggressive enforcement actions, including penalties totaling Rs 18 crore, have significantly reduced this number. "The situation as it stands today, due to the regulatory authority’s action, the number has come down to less than 50," the official noted, referring to projects with incomplete or missing uploads.
New Fee Regulations for Property Transfers
In a related development, UP Rera has amended Section 47 of the UP Rera Act, restructuring administrative charges and standard fees. A key change caps the processing fee for family property transfers at Rs 1,000, providing major relief to homebuyers. "This applies to cases involving the death of the original allottee, where the successor-in-interest is a family member," the official explained.
For such transfers, successors must submit essential documents, including:
- Death certificate
- Succession certificate issued by a competent authority
- No-objection certificates from other legal heirs
For transfers involving non-family members, promoters are permitted to charge a maximum processing fee of Rs 25,000. This step addresses long-standing concerns over arbitrary charges levied by developers, enhancing consumer protection in the real estate sector.
Proactive Measures and Future Implications
These initiatives reflect UP Rera's proactive approach to regulating the real estate industry, ensuring developers adhere to transparency standards while safeguarding homebuyer interests. The authority continues to monitor compliance closely, with the April 15 deadline serving as a critical checkpoint for project accountability across Uttar Pradesh.
