The Kerala Real Estate Regulatory Authority (KRERA) on February 17, 2025, issued the notification regarding the no further extension of time for compliance for the mandatory submission of Quarterly Progress Reports (QPR) by the Promoters.
The following has been stated namely: -
• No further time extension shall be granted from the end of this quarter onwards.
• The QPR submission window of the web portal will be closed on the 8th day following the end of each quarter.
• Penalties will be strictly imposed on non-complying projects for violations.
• Defaulters shall be made liable for a penalty of up to 5% of the estimated project cost.
[Notification No. K-RERA/T3/102/2024(2)]
