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RERA Gurugram Steps Up Oversight, Compliance Rate Soars to 91%

Gurugram / September 13, 2024: In a recent meeting held on Monday, RERA Gurugram Chairman Arun Kumar announced that the compliance rate for Quarterly Progress Reports (QPRs) has surged from a previous 35% to an impressive 91%. This notable increase is attributed to the dedicated efforts of the RERA team in enhancing regulatory adherence among real estate developers, a statement from RERA Gurugram said. 

RERA Gurugram is now planning to deploy its team to project sites to assess the actual quarterly progress of construction and review the expenses incurred. This initiative aims to enhance monitoring and ensure that projects are completed on schedule, as promised by promoters in their affidavits during the RERA registration process, the statement added. 

“RERA Gurugram will verify the actual progress on ground as compared to the Quarterly Progress Report filed by the promoters under provisions of Section 11 read with Section 4 of the Act 2016,” he said.

He explained that the Authority’s new approach is focused on enhancing the qualitative aspects of project oversight. To achieve this, the Authority has decided to deploy its own team to project sites for direct assessments.

According to Section 11 of the Real Estate (Regulation and Development) Act 2016, real estate promoters are required to file quarterly updates on project status, along with other information and documents specified by the Authority’s regulations.

Earlier this year, RERA Gurugram launched an initiative to address non-compliance among promoters, urging them to adhere to regulations and avoid enforcement actions. In a February statement, RERA Gurugram emphasized the need for city promoters to promptly update their Quarterly Progress Reports (QPRs) and Annual Audit Reports (AARs).

“Filing of QPR and AAR is a mandatory obligation of a real estate promoter under the RERA Act, which aims to ensure efficient and transparent progress of construction and timely completion of a real estate project. It also ensures proper utilization of funds for the project as in cases promoters reportedly have misused the project fund. QPR tells us about the status of the project and therefore, can act as a warning, which if attended to, can avoid undesirable outcomes,” Kumar said.

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