Background and Rationale

To enforce timely compliance and maintain transparency in project updates, Rajasthan RERA had earlier issued an order (No. 162 dated February 24, 2025) imposing an additional penalty of ₹5,000 per quarter for every subsequent quarter of delay in submission of Quarterly Progress Reports (QPRs). This was scheduled to take effect from March 1, 2025.

However, following representations from CREDAI and various promoters highlighting practical difficulties in aligning with the earlier date, the Authority has decided to extend the effective date for implementing the penalty mechanism to May 1, 2025, providing stakeholders additional time to comply.

Detailed Comparison of Provisions

Amendments and Their Implementation

• The earlier order (No. 162) is now partially amended to defer the start date of penalty imposition.
• The penalty of ₹5,000 per delayed quarter for non-submission of QPRs will now apply only from May 1, 2025 onwards.
• The revised date is final and non-negotiable, as per the latest order.
• Promoters are directed to submit pending QPRs, if any, before this deadline to avoid penal consequences.

Advantages of the Amendment

• Gives preparatory time to promoters struggling with system alignment or document collation.
• Acknowledges stakeholder concerns, maintaining a balance between enforcement and feasibility.
• Avoids unintended penalisation for technical or transitional challenges faced by smaller developers.

Implications and Future Prospects

This extension reflects Rajasthan RERA’s consultative approach in regulatory implementation. However, it also serves as a clear last opportunity for compliance, beyond which penalties will be enforced strictly. The Authority is likely to adopt similar phased enforcement approaches in future directives, but only after ensuring ample communication.

Conclusion

Rajasthan RERA’s revision of the effective date for penalty imposition on delayed QPR filings offers relief to developers but also sends a strong message about strict enforcement post-May 1, 2025. All promoters must treat this deadline as final and ensure QPR submissions are up to date to avoid financial penalties.