GHAZIABAD: The real estate regulatory authority (UP Rera) has directed all developers to upload quarterly progress reports (QPR) of their projects on its portal by April 15, failing which action will be taken against the erring realtors.In a related development, the Rera fee for family property transfers has been fixed at Rs 1,000.An official said, “It is only after updating all QPRs on the portal that the promoters will be allowed extension of project registration and ones who have not done it so far will be slapped with a fine of Rs 2 lakh per project. Under Section (11) (1) of UP Rera Act 2016, it is mandatory for developers to upload QPR of their projects within stipulated time on the UP Rera website. The QPR must have details of the progress of the project, which also include photographic proof, and it is not just a formality.”There have been instances in the past where the developers failed to do so. In 2023, there were 3,515 projects registered with UP Rera across the state, out of which developers have not updated project status of 1,088 projects, which means that the regulatory authority has no knowledge of the status of more than 31% of total projects in the state.“However, after 2023, UP Rera came down heavily on erring developers, including imposing penalties on them to the tune of Rs 18 crore. The situation as it stands today, due to the regulatory authority’s action, the number has come down to less than 50, which includes developers who have partially uploaded the information or have not done it at all,” said the official.The regulatory authority has also brought in amendments in the UP Rera Act, Section 47, which refers to administrative charges and standard fees. This regulation has been restructured with new provisions to regulate the fees chargeable by promoters in cases involving succession or transfer of allotment.“In a major relief to homebuyers, the regulatory authority has capped the processing fee chargeable by the promoter at Rs 1,000 in cases where the successor-in-interest is a family member of the allottee. This applies to cases involving the death of the original allottee,” said the official.The successor will be required to submit essential documents such as the death certificate, succession certificate issued by competent authority, and no-objection certificates from other legal heirs.“For transfers involving non-family members, the promoter can charge a maximum processing fee of Rs 25,000. The latest proactive step towards addressing longstanding concerns of homebuyers, particularly in cases involving arbitrary charges levied by developers,” added the official.
