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The Jharkhand Real Estate Regulatory Authority (JRERA) has imposed penalties totalling INR 83.5 lakh on 77 builders for failing to submit mandatory quarterly progress reports and ignoring regulatory summons. The action, taken in the past week, forms part of an enforcement drive aimed at improving compliance and transparency in registered real estate projects across the state. Notices had initially been issued to 106 developers, with penalties calculated at INR 25,000 per delayed quarter. The authority has warned of further action, including freezing of bank accounts, in case of non-payment. The move comes amid wider compliance concerns, with more than half of the state's registered projects reportedly not filing required updates, highlighting gaps in regulatory adherence under the Real Estate (Regulation and Development) Act framework.
The Jharkhand Real Estate Regulatory Authority (JRERA) imposed penalties totalling INR 83.5 lakh in the past week on 77 builders for failing to submit mandatory quarterly progress reports (QPRs) and not responding to summons issued by the regulator, as part of its ongoing compliance enforcement under the Real Estate (Regulation and Development) Act. Advertisement
The action followed notices served to 106 developers across the state for non-compliance with reporting requirements. Of these, 77 builders were penalised after failing to appear before the JRERA court or provide the required updates within stipulated timelines. The penalties were calculated at a rate of INR 25,000 per quarter for each instance of delay in filing project progress reports.
JRERA chairman Birendra Bhushan indicated that the developers had not responded to the regulatory proceedings, following which fines were imposed. The authority has warned that failure to clear the penalties within the prescribed period could result in stricter action, including freezing of bank accounts of defaulting entities.
The requirement to file quarterly progress reports applies to all registered real estate projects comprising more than eight units. These reports are intended to provide updates on construction milestones, financial status and overall project progress, enabling oversight and ensuring transparency for homebuyers and regulators.
Data reviewed by the authority indicates a wider pattern of non-compliance across the state. Out of 1,711 registered projects in Jharkhand, more than 50% have reportedly not submitted the mandated progress reports, reflecting gaps in adherence to regulatory norms.
As part of its enforcement measures, the regulator has adopted a phased approach to issuing notices and initiating penalties. While a small number of developers have complied by paying fines, several notices could not be served through conventional means. In such cases, JRERA has begun using electronic communication channels, including email and messaging platforms, to ensure delivery of notices and summons.
The authority indicated that similar actions will continue against other defaulting developers, with further rounds of notices expected to be issued. The enforcement drive is aimed at strengthening accountability within the real estate sector and ensuring that developers adhere to statutory disclosure requirements.
The move reflects increasing regulatory scrutiny on compliance with reporting obligations, which form a key component of the RERA framework. By mandating periodic disclosures, the system is designed to provide greater visibility into project execution and safeguard the interests of homebuyers.
JRERA's latest action signals a stricter stance on non-compliance, with financial penalties and potential enforcement measures being deployed to ensure that developers meet their reporting obligations and maintain transparency in project delivery.
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