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The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has imposed penalties totalling over INR 2.43 crore on two real estate promoters in Lucknow for failing to upload mandatory quarterly progress reports (QPRs) on its online portal. The action followed repeated reminders and notices that were not complied with. One penalty of INR 16.25 lakh was imposed on the promoter of the Arpita Infinity project, while another penalty of INR 2.27 crore was levied on the promoter of Ganpati Smart City. UP RERA stated that quarterly reporting is a key compliance requirement under the Real Estate (Regulation and Development) Act, 2016 to maintain transparency in project execution.
The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has imposed penalties exceeding INR 2.43 crore on two real estate promoters in Lucknow for failing to upload mandatory quarterly progress reports on the authority's web portal. Advertisement
The regulatory action followed repeated reminders and notices issued by the authority after the promoters did not update the required project reports within the stipulated time.
In one case, the authority imposed a penalty of INR 16.25 lakh on the promoter of the Arpita Infinity project in Lucknow. The project commenced on July 10, 2024, and is scheduled to be completed by January 31, 2027. According to the authority's statement, the promoter did not upload quarterly progress reports for four consecutive quarters despite receiving multiple notices from the regulator.
After reviewing the matter, UP RERA levied the penalty equivalent to five per cent of the project cost, which stands at INR 3.25 crore.
In another case, the regulator imposed a significantly higher penalty of INR 2.27 crore on the promoter of the Ganpati Smart City project in Lucknow for similar non-compliance. The project started on September 30, 2024 and is expected to be completed by October 24, 2026. However, the promoter failed to submit quarterly progress reports for three consecutive quarters even after being issued several notices by the authority.
Following an inquiry into the violation, the authority imposed the penalty amounting to five per cent of the project cost, which exceeds INR 45 crore.
UP RERA stated that the quarterly progress report is a crucial compliance requirement under the Real Estate (Regulation and Development) Act, 2016, aimed at ensuring transparency and accountability in the real estate sector. These reports help track the status of construction and project delivery timelines.
Under the provisions of the Act and the Uttar Pradesh RERA Rules, promoters are required to upload detailed project updates on the regulator's portal within seven days after the end of every quarter. These updates include the stage of construction, the number and types of units sold, approvals received, and other important project-related information.
The authority also advised homebuyers and prospective investors to check the quarterly progress report status of projects on the UP RERA portal before making fresh investments or paying further instalments.
UP RERA chairman Sanjay Bhoosreddy stated that the authority remains focused on maintaining transparency, accountability and protection of homebuyers' interests in the real estate sector. He indicated that timely submission of quarterly progress reports is a statutory responsibility of every promoter and serves as an important mechanism to keep buyers informed about project progress. He further warned that promoters failing to comply with the provisions of the RERA Act or the authority's directions would face strict regulatory action.
The authority has directed both promoters to deposit the penalty amount within 15 days through a bank draft in favour of UP RERA, Lucknow. They have also been instructed to upload all pending quarterly progress reports on the portal within the same period.
The enforcement action reflects the regulator's continued monitoring of compliance requirements in registered real estate projects across the state.
Source PTI
FAQ
1. What action has UP RERA taken against the promoters in Lucknow?
The Uttar Pradesh Real Estate Regulatory Authority has imposed penalties exceeding INR 2.43 crore on two real estate promoters in Lucknow. The action was taken after the promoters failed to upload mandatory quarterly progress reports on the regulator's online portal despite receiving repeated reminders and notices.
2. Which projects were involved in the penalty action?
The penalties relate to two real estate projects in Lucknow: Arpita Infinity and Ganpati Smart City. Both projects were found to be non-compliant with the requirement to submit regular progress updates on the regulator's portal.
3. What penalties were imposed on each project promoter?
UP RERA imposed a penalty of INR 16.25 lakh on the promoter of the Arpita Infinity project. In a separate case, the authority levied a penalty of around INR 2.27 crore on the promoter of the Ganpati Smart City project for similar violations. Together, the penalties total more than INR 2.43 crore.
4. Why were these penalties imposed?
The promoters failed to upload quarterly progress reports for multiple consecutive quarters even after receiving several notices from the regulator. These reports are required to update buyers and the regulator about the status of construction, approvals and sales in registered real estate projects.
5. What is the importance of quarterly progress reports under RERA?
Quarterly progress reports are a key compliance requirement under the Real Estate (Regulation and Development) Act, 2016. They help maintain transparency in project execution by providing information about construction progress, units sold, approvals obtained and other project updates.
6. What directions has UP RERA 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 in Lucknow. They have also been instructed to upload all pending quarterly progress reports on the regulator's portal within the same period.
7. What message has the regulator given to developers and homebuyers?
UP RERA chairman Sanjay Bhoosreddy stated that timely submission of quarterly reports is a statutory responsibility for promoters. The authority emphasised that strict action will continue against developers who fail to comply with the provisions of the RERA Act, while advising homebuyers to check project updates on the UP RERA portal before making payments or investments.
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