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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 notifies amendment to U.P. Real Estate Regulatory Authority (General) Regulations, 2019

14-Dec-2024 | 16940 U.P.RERA/SAM.REGU, 2019, 5th ed./2024-25

Uttar Pradesh Real Estate Regulatory Authority (UPRERA) via notification dated 14th December 2024 has notified amendment to the U.P. Real Estate Regulatory Authority (General) Regulations, 2019. The said amendment shall come into force from its date of publication on the UPRERA website, i.e. 14th December 2024.

By virtue of the amendment, UPRERA has provided updated the penalty payable for delay in filing of Quarterly Progress Report (QPR) and annual report by the promoter, and additionally the fees payable for the inspection of documents by interested parties with respect to a registered project under UPRERA has also been provided.

As per the amendment, for delay in filing of QPR, a penalty of Rs. 15000 shall be levied, for delay in filing of the annual report, a penalty of Rs. 25000 shall be levied and payment of fee for inspection of document shall be payable as per the distance of project from the nearby office of UPRERA.

For more details, please refer to the document attached hereby.

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