The Uttar Pradesh Real Estate Regulatory Authority has imposed penalties exceeding ₹2.43 crore on two real estate promoters for failing to upload mandatory Quarterly Progress Reports (QPRs) of their registered projects on the authority’s official portal.
The action highlights the regulatory authority’s strict stance on transparency and compliance in the real estate sector under the Real Estate (Regulation and Development) Act 2016.
According to an official statement, the penalties were imposed after the promoters ignored several notices and reminders issued by the authority regarding the mandatory updates.
Importance of Quarterly Progress Reports (QPRs)
Quarterly Progress Reports are a crucial requirement under the RERA framework. These reports provide regular updates on the construction progress and financial status of real estate projects.
Promoters are required to upload detailed information including:
• Construction progress of the project
• Number and type of units booked
• Status of statutory approvals
• Development milestones and completion timeline
Under the relevant RERA rules, these updates must be uploaded within seven days after the end of every quarter.
The purpose of this requirement is to ensure transparency and allow homebuyers to monitor project progress before making payments or investment decisions.
Penalty in the Arpita Infinity Project Case
In the first case, UP RERA imposed a penalty of ₹16.25 lakh on the promoter of the Arpita Infinity project located in Lucknow.
The project commenced on July 10, 2024, and its expected completion date is January 31, 2027.
However, the promoter failed to upload Quarterly Progress Reports for four consecutive quarters on the authority’s web portal.
Despite multiple reminders and notices issued by the regulatory authority, the promoter did not comply with the reporting requirement.
After reviewing the matter, UP RERA imposed a penalty equivalent to five percent of the total project cost of ₹3.25 crore.
Penalty in the Ganpati Smart City Project Case
In the second and more significant case, UP RERA imposed a penalty of ₹2.27 crore on the promoter of the Ganpati Smart City project in Lucknow.
The project began on September 30, 2024 and is scheduled for completion by October 24, 2026.
According to the authority, the promoter failed to upload Quarterly Progress Reports for three consecutive quarters even after receiving multiple notices.
Following an inquiry into the violation, the regulatory authority imposed a penalty amounting to five percent of the total project cost exceeding ₹45 crore.
This penalty significantly contributed to the total amount of ₹2.43 crore imposed on both promoters.
Legal Requirement Under RERA
The requirement to upload project progress reports is a statutory obligation under the Real Estate (Regulation and Development) Act 2016 and the applicable state rules.
The law mandates that promoters must regularly update project-related information on the RERA portal to maintain transparency and accountability in the real estate market.
These disclosures allow potential buyers and existing homebuyers to track whether the developer is meeting construction timelines and regulatory commitments.
Failure to comply with these obligations can result in financial penalties and regulatory action by the authority.
Advice to Homebuyers
UP RERA has also advised homebuyers and prospective buyers to carefully check the Quarterly Progress Reports and project status on the RERA portal before making investments or paying further instalments.
Monitoring QPR updates helps buyers verify whether the project is progressing according to the schedule promised by the developer.
This step can help prevent financial risks associated with delayed or stalled projects.
Statement from UP RERA Chairman
Commenting on the enforcement action, Sanjay Bhoosreddy, Chairman of UP RERA, emphasized that timely updates are essential for maintaining trust in the real estate sector.
He stated that updating Quarterly Progress Reports is a statutory responsibility of every promoter and plays an important role in ensuring transparency regarding project development.
He further warned that promoters who fail to comply with the provisions of the RERA Act or ignore directions issued by the authority will face strict regulatory action.
Directions Issued to the Promoters
The authority has directed both promoters to deposit the penalty amount within 15 days through a bank draft in favour of UP RERA, Lucknow.
Additionally, they have been instructed to upload all pending Quarterly Progress Reports on the RERA portal within the same time period.
Failure to comply with these directions may result in further regulatory proceedings.
Significance of the Action
The penalties imposed by UP RERA send a strong message to developers regarding the importance of compliance with regulatory requirements.
The enforcement action demonstrates that authorities are actively monitoring project disclosures and are prepared to take strict action against promoters who violate transparency rules.
For homebuyers, this development reinforces the role of RERA in protecting consumer interests and improving accountability in the real estate industry.
As the real estate sector continues to evolve under the regulatory framework, adherence to disclosure norms such as Quarterly Progress Reports remains essential for maintaining investor confidence and ensuring fair practices in the market.
