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

Mandatory Quarterly Project Updates and Levy of Penalty for Non-Compliance under K-RERA

20-Jan-2026 | No-RERA/Accounts/CR/127599/2025-26

This circular has been issued by the Karnataka Real Estate Regulatory Authority to ensure compliance with the statutory obligations of promoters. The circular reiterates that every promoter of a registered real estate project is mandatorily required to submit quarterly updates of the project through the K-RERA web portal within fifteen days from the expiry of each quarter, as prescribed under the Act and Rules. The Karnataka Real Estate Regulatory Authority has observed instances of non-submission and delayed submission of quarterly reports by promoters, amounting to contravention of the statutory obligations. In view of such non-compliance, the Authority has decided to levy a penalty of 25,000 (Rupees Twenty-Five Thousand only) per quarterly report for non-submission or delayed submission of quarterly updates for the financial year 2025 to 26. The penalty shall be payable through the RERA e-payment facility available on the K-RERA web portal at the time of submission of the delayed quarterly report.

As a final opportunity, the Authority has permitted promoters to submit the quarterly reports for Quarter-1, Quarter-2 and Quarter-3 of the financial year 2025?26 on or before 20-02-2026 without payment of penalty. Failure to submit the said quarterly reports within the stipulated date shall attract a penalty of 25,000 per delayed quarter, payable simultaneously with the submission of the respective quarterly report.

The promoters are further required to submit the quarterly report for Quarter-4 of the financial year 2025?26 on or before 15-04-2026, failing which the penalty shall be applicable from 16-04-2026. The Authority shall initiate recovery proceedings for the penalty amount from 20-02-2026 in accordance with the provisions of the Act, Rules and Regulations made thereunder.

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