Voluntary Compliance Scheme for Annual Audit Reports (AARs) – Chhattisgarh RERA

Notification/Circular No.: 115/RERA/2021

Document Date: March 22, 2024

Applicable Act/Rule: Real Estate (Regulation and Development) Act, 2016

Applicable Section/Rule: Section 11

The Chhattisgarh Real Estate Regulatory Authority (RERA) has launched a Voluntary Compliance Scheme (VCS) to allow promoters to submit pending Quarterly Progress Reports (QPRs) for registered projects. This scheme applies to all projects registered as of March 31, 2024, covering pending QPRs up to December 2024.

Key Features of the Scheme:

  1. One-Time QPR Submission: Promoters with pending QPRs can file a single consolidated QPR for all outstanding quarters.
  2. Waiver of Late Fees:
    • 70% waiver on late fees for all pending quarters.
    • 90% waiver if the project obtained a Completion Certificate (CC) during the waiver period.
  3. Exemption from Certain Circulars: Circulars No. 54 and 55 will not apply under this scheme.
  4. Additional Penalty: A ₹1,000 penalty applies for using this scheme, as per Section 61 of the Act.

 

Action Required: Promoters should utilize this scheme within the period May 1, 2025, to May 30, 2025, to avoid additional penalties under the Act. If a Completion Certificate is found invalid, the full late fee shall be recovered.

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