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Property Related Laws Uttar Pradesh Ministry of Housing and Urban Affairs Real Estate (Regulation and Development) Act, 2016

Uttar Pradesh Real Estate Regulatory Authority issues office order regarding upload of Quarterly Progress Report

29-Jul-2024 | Letter No.: 10618/U.P.-RERA/CA/2024-25

The Uttar Pradesh Real Estate Regulatory Authority via office order dated 29th July 2024 has issued certain additional provisions with respect to upload of Quarterly Progress Report. By virtue of the office order the following points have been notified: 1. OC/CC Late fee will not be imposed on any project after the quarter preceding the date of upload. If the targets of a project have been set before the date of project registration, then QPR late fee will not be imposed for filling the achievements of the quarter prior to the date of registration. 2. Online application for project extension will be submitted only after the pending QPR is updated. 3. If there is any remaining target in a project, then that remaining target is being generated by the system in the form of extended target even after the project lapses and the promoter is also being provided the facility to fill the target achievement relative to the extended target. In this regard, the facility to create and fill the extended target will be available only after the time extension of the project. In the certificate issued at the time of granting extension, it will be mentioned that the promoter will have to achieve his financial target as per the period of extension. Apart from this, many other points have been highlighted in the office order. For more information, please refer to the document attached hereby.

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