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The Jharkhand Real Estate Regulatory Authority (JRERA) has taken action against 904 developers who failed to submit mandatory quarterly progress reports for their registered projects. Out of 1,711 active projects in the state, more than half did not provide updates for the October-December quarter. JRERA has started issuing notices and will scrutinize submissions closely. Over the past two years, 193 builders were fined a total of INR 1.75 crore, while 304 project registrations were rejected for non compliance. The move underscores continued efforts to ensure transparency and accountability in the real estate sector.
The Jharkhand Real Estate Regulatory Authority has identified 904 developers for not submitting the mandatory quarterly progress reports required under the Real Estate (Regulation and Development) Act. Builders of residential projects with more than eight flats are obligated to provide updates on construction progress, financial status, and other project details each quarter to ensure transparency for homebuyers and stakeholders. Advertisement
According to JRERA's latest records, there are 1,711 registered projects across the state. More than half of these projects failed to submit the October-December quarter updates. As a result, the authority has begun serving formal notices to the 904 developers to compel compliance and has indicated that further follow-ups will be carried out if reports remain incomplete.
JRERA has also highlighted that a dedicated monitoring team is reviewing all filed quarterly reports to detect discrepancies or incomplete submissions. In cases of irregularities, additional notices and penalties will be applied. This process is aimed at improving reporting standards and ensuring that buyers have access to accurate information about project timelines and financial management.
Quarterly progress reports are crucial for homebuyers to track project advancement, fund utilization, and adherence to timelines. Absence of such disclosures makes it difficult for buyers to assess project health and plan their investments. JRERA has emphasized that compliance with reporting norms is essential for protecting buyers interests and maintaining sector credibility.
In the last two years, the authority has penalized 193 developers with a total of INR 1.75 crore for failing to file reports. Additionally, 304 project registrations were rejected due to incomplete documentation or non compliance. Among registered projects, only 118 builders have submitted completion certificates, while 207 have filed occupancy certificates with JRERA, both of which are important indicators of project readiness and regulatory compliance.
JRERA has stated that ongoing monitoring and enforcement will continue to ensure that all developers meet reporting requirements. Builders failing to adhere to deadlines may face stricter action, including fines and potential registration denial for future projects. These measures reinforce the authority's commitment to transparency, accountability, and protection of homebuyers in Jharkhand's real estate market.
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