Notification / Circular No.: No-RERA/Accounts/CR/127599/2025-26 dated February 07, 2026
Applicable Act / Rule: The Real Estate (Regulation and Development) Act, 2016, The Karnataka Real Estate (Regulation and Development) Rules, 2017
Applicable Section / Rule: Section 11(1), Section 38(1), Section 38(2), Section 61 of the Real Estate (Regulation and Development) Act, 2016, Rule 15(1)(D) of the Karnataka Real Estate (Regulation and Development) Rules, 2017
Effective Date: February 07, 2026
Promoters are required to submit Quarterly Updates through the K-RERA web portal within fifteen days from the end of each quarter. Earlier, Circular dated September 03, 2020 prescribed delay fees, which was quashed by the Hon’ble High Court of Karnataka on September 19, 2025, without restricting lawful imposition of fee/penalty.
The Authority has prescribed a penalty of Rs.25,000 per Quarterly Update for delay/non-submission covering FY 2017-18 (from Q2) to FY 2024-25, calculated quarter-wise as specified in the circular.
Promoters must submit pending Quarterly Updates and pay applicable penalty through K-RERA portal. A final opportunity is granted up to March 31, 2026 to file pending Quarterly Updates without penalty. Failure to comply by this date will attract the prescribed penalty, and recovery proceedings will commence from April 01, 2026.
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