Bengaluru — February 2026

The Karnataka Real Estate Regulatory Authority (K-RERA) has intensified regulatory oversight by issuing notices to promoters who have failed to submit mandatory quarterly project updates. The Authority has made it clear that penalties and recovery proceedings will begin from April 1, 2026 if compliance is not ensured.

Mandatory Disclosures Under Regulatory Framework

Under real estate regulations, promoters are required to upload quarterly updates on the K-RERA portal, detailing:

• Physical progress of construction
• Financial status of the project
• Approvals and completion timelines
• Changes in project layout or milestones

These disclosures aim to improve transparency and enable buyers to track project performance in real time.

Notices Issued to Non-Compliant Promoters

K-RERA has identified several promoters across Karnataka who have not filed their quarterly returns within the prescribed deadlines. Official notices have now been sent, directing them to regularise pending submissions within the stipulated time frame.

Authorities have described this step as a final compliance warning before enforcement measures are activated.

Penalties for Continued Non-Compliance

According to regulatory provisions, promoters who fail to submit updates may face:

• Monetary penalties based on project cost
• Fixed fines for each missed quarter
• Additional charges for persistent default

Officials indicated that repeated violations could attract stricter action under the recovery mechanism available to the Authority.

Recovery Action from April 1, 2026

From April 1, 2026, K-RERA will initiate recovery proceedings against defaulters who ignore compliance directives. These proceedings allow the Authority to enforce collection of penalties and ensure project information is updated without further delay.

The move marks a shift from advisory enforcement to firm regulatory action.

Focus on Transparency and Buyer Protection

K-RERA officials stated that timely project disclosures are critical to:

• Detect construction delays early
• Address buyer grievances effectively
• Prevent misleading claims by promoters
• Strengthen accountability in the real estate sector

The Authority emphasised that quarterly reporting is not optional but a core obligation under the regulatory regime.

Industry Impact

Real estate analysts believe the stricter enforcement will push developers to improve internal compliance systems. While some builders view the move as administratively demanding, consumer groups have welcomed the decision, calling it a necessary step to restore confidence in the housing market.

Looking Ahead

With the April 1 deadline approaching, promoters are expected to clear pending filings to avoid financial penalties and recovery action. K-RERA has reiterated that future quarterly updates will be monitored more closely, signalling a tougher regulatory environment for defaulting developers.

  Bengaluru real estate, Housing Transparency, K-RERA, Karnataka Real Estate Regulation