Karnataka Real Estate Regulatory Authority (K-RERA) has introduced a strict penalty regime starting FY 2025-26 to ensure timely submission of quarterly progress reports (QPRs) by real estate promoters. Promoters must upload these reports on the K-RERA portal within 15 days after each quarter ends, or face a ₹25,000 fine per delayed quarter.

Penalty Details

The penalty applies to any delay or failure in submitting QPRs for registered projects under the Real Estate (Regulation and Development) Act, 2016. K-RERA derives its authority from the Act to enforce compliance and protect homebuyers through better project oversight.

A one-time grace period allows promoters to submit pending Q1, Q2, and Q3 reports for FY 2025-26 without penalty by February 20, 2026; after that, recovery actions will follow. For Q4, submissions are due by April 15, 2026.

Stakeholder Reactions

Homebuyer forums praise the move for boosting transparency and enabling regulators to monitor delays proactively. Activists argue the ₹25,000 fine is too low, as the RERA Act allows up to 5% of project cost, and criticize past leniency despite a similar 2020 circular.

Builder groups call QPRs procedural and seek nominal penalties to avoid undue burdens on project delivery.

Implications for Real Estate

This enforcement aims to enhance accountability in Karnataka’s booming property market, particularly in Bengaluru, amid rising demand for residential projects. Promoters in Bengaluru and across the state should prioritize compliance to avoid accumulating fines and portal flags.

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