UP-Rera to developers: Submit progress report in 15 days or face action

The Uttar Pradesh real estate regulatory authority has directed developers to submit their quarterly progress report in next 15 days or face action. Through a letter, the Confederation of Real Estate Developers Association of India has demanded that UP-Rera allow them at least two months to file QPR on its portal about the ongoing projects. The RERA rules mandate that each promoter of an ongoing realty project has to file the quarterly progress report on the portal of the regulatory authority. Fifteen days is way too less because we cannot arrange many certificates in 15 days required to be uploaded along with the progress report,” it said.