The West Bengal Real Estate Regulatory Authority (WBRERA) has granted a final extension for promoters to submit the required quarterly updates for their registered real estate projects. These updates, which were originally due by December 31, 2024, must now be submitted no later than March 31, 2025.

This extension has been provided in response to:

• Technical difficulties faced by promoters while accessing the WBRERA website.
• Multiple requests from stakeholders seeking additional time for compliance.

Compliance Requirements:

1. Final Opportunity: No further extensions will be granted beyond March 31, 2025.
2. Mandatory Submission of All Pending Updates: Promoters must ensure that all outstanding quarterly updates up to and including the quarter ending December 31, 2024, are uploaded.
3. Penalty for Non-Compliance: Any pending updates not submitted by March 31, 2025, will attract a penalty of ₹25,000 per quarter, effective April 1, 2025.
4. Reporting Issues: If promoters face any difficulties in uploading their reports, they must notify WBRERA at westbengal.rera@gmail.com by March 20, 2025.
5. Submission Format: Merely submitting the most recent quarterly update will not suffice—all previously pending updates must be uploaded.

Significance of Compliance:

This extension is aimed at ensuring greater transparency, accountability, and regulatory compliance in the real estate sector. Quarterly updates provide critical information to homebuyers, investors, and regulatory authorities, ensuring that projects are progressing as per their commitments.

Promoters are strongly advised to utilize this extended deadline to avoid penalties and maintain compliance with WBRERA regulations.