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

Procedure and Penalty Framework for Submission of Quarterly Project Updates by Promoters under K-RERA

07-Feb-2026 | RERA/Accounts/CR/127599/2025-26

This circular issued by the Karnataka Real Estate Regulatory Authority (K-RERA) prescribes the procedure and penalty framework relating to the submission of Quarterly Updates by promoters of registered real estate projects under the Real Estate (Regulation and Development) Act, 2016 and the Karnataka Real Estate (Regulation and Development) Rules, 2017. The Authority has reiterated that promoters are mandatorily required to submit quarterly project updates through the K-RERA web portal within fifteen days from the end of each quarter. Pursuant to the order of the Honble High Court of Karnataka dated 19-09-2025 quashing the earlier circular dated 03-09-2020, the Authority has prescribed a penalty of 25,000 per quarter for delay or non-submission of quarterly updates for the specified financial periods. The circular provides a final opportunity to promoters to submit pending quarterly updates without penalty until 31-03-2026, failing which penalty recovery proceedings will be initiated from 01-04-2026 in accordance with the provisions of the Act, Rules, and Regulations. The circular comes into effect from 07-02-2026.

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