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Property Related Laws Gujarat Department of Housing and Urban Development Real Estate (Regulation and Development) Act, 2016

Gujarat Real Estate Regulatory Authority issues notification regarding simplification process of filing of Quarterly Progress Report by the promoters

18-Dec-2024 | No. GujRERA/Order-101

Gujarat Real Estate Regulatory Authority (GujRERA) via notification dated 18th December 2024 has issued information regarding simplification process of filing of Quarterly Progress Report (QPR) by the promoters. The provisions of the notification shall into force from 1st January 2025. The notification highlights that filing of the QPR is a mandatory requirement under the provisions of the RERA Act, and rules made thereunder. Under the present scheme, promoters registered with the GujRERA were required to file QPR after obtaining necessary documents from the Architects, Engineers, CA etc, which slows down the filing of QPR. Additionally, no filing of QPR for the latest quarter was allowed unless the QPR of previous quarter was filed. As per GujRERA, all these challenges created various problems in filing of the QPR by the promoters. Thus, in order to streamline and make the filing of QPR faster for the promoters, GujRERA has introduced new scheme for filing of QPR, the details of which are mentioned in the notification. For more details, please refer to the document attached hereby.

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