Haryana RERA sends warning for real estate developers who have delayed, failed to pay taxes or not aiming to finish the ongoing projects, developers not filing the QPR and the AAR.
The Real estate regulatory Authority of Haryana Government has inquired the real estate developers to file QPR (Quarterly Progress) reports and AAR (Annual Audit) reports without fail to get free from penalties, freeze RERA accounts and get the legal attachments for their properties.
The rules of RERA makes necessary that the real estate developers of un-finished & stalled realty projects have to file the QPR (Quarterly Progress) report on the official RERA portal.
This activity aims to assist the investors and the home buyers to access the regular updates digitally. The RERA rules insist that the report should be filed within 15 days after the quarter concludes.
On this regard, the official statement from Gurugram division of HRERA states, “If a developer fails to submit these reports on time, "RERA Gurugram shall be compelled to take drastic action against such promoters. This may entail levying of penalties, freezing of their RERA accounts, attachment of their properties etc”.
At the same time, speaking to this, Arun Kumar, Chairman, RERA Gurugram says, “However, those promoters, who have delayed or defaulted, and are either struggling or are not intending to complete the projects, are the ones who are not filing the QPR and the AAR”.
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