Synopsis:
• U.P. RERA has simplified and upgraded the facility for filing of QPR of the projects.
• Henceforth, no late fees will be imposed after uploading of complete O.C. or C.C. of the project.
• No promoter can apply for extension of registration of the project without updating all the QPRs of the preceding quarters.
• Only those quarters in which the promoter has defaulted in filing the QPRs, shall be reckoned for determining the amount of late fees.
• If any or all the activities of the project are completed before the targeted date, the activity or the activities will be marked as ‘Activity 100%’ for the benefit of stake holders.
• In case of a change in the nature of the project, the QPRs filed before the date of such change will be secured and no late fees will be imposed for this duration of time at the time of re-setting of the quarterly targets and filing thereof.
• There will be the option of ‘Save as Draft’ on every page of the QPR and promoters will have the option of making changes in the particulars of QPRs before ‘Final Submission’ and on ‘Final Submission’ the pop-up of ‘QPR Submitted’ will be flashed to the promoter.
Lucknow / GautamBudh Nagar: Sanjay Bhoosreddy, Chairman, U.P. RERA issued an important order on 29-07-2024 with respect to the filing of the QPRs of the projects registered with RERA. This order takes care of the difficulties in filing of QPRs brought to the notice of RERA by the promoters and ensures, at the same time, that all the stake holders including the allottees are able to get up to date information regarding the progress of a project from the web portal of U.P. RERA. The new arrangement benefits both the consumers and the promoters.
Hence forward, no late fees will be imposed after uploading full O.C. or C.C. of a project notwithstanding the fact that the registration period of the project still remains valid. If the QPR of a given quarter has not been filled, the current QPR can be filed only after filing of the pending QPR. The promoter can apply for extension of registration of a project only after fully updating all the QPRs. The pending QPRs can be filed only after payment of the corresponding quarters. Only those quarters will be taken into account for determining the amount of late fees for which QPRs have not been filed. In case the promoter does not file the physical and financial QPRs even after depositing the late fees, an ‘Alert’ will be sent to such promoter and if he fails in filing of QPR within the stipulated period even after this ‘Alert’, the late fees will be re-imposed.
Sometimes promoters create quarterly targets from a date prior to the registration of the project, however, in such cases no late fees will be imposed for filling of QPRS prior to the date of registration. A promoter needs to file the pending QPRs in case of lapsed projects also after depositing the requisite late fees. The promoter will have facility to file QPR of a project lapsing during a given quarter till 15 days after the end of such quarter. Whenever an activity or activities are completed before the target dates, it will be marked as ‘Activity 100%’ against the given field or fields, as the case may be.
There are instances of registration of the projects lapsing before the completion of the physical targets. In all such cases, extended physical targets will be created by the system after the extension of registration and the promoter will be required to update the QPRs of corresponding quarters after re-setting the financial targets from his end.
Whenever there is change in the nature of the project, for example from ‘Plotted to Villa’ or from ‘Plotted to Apartment’ after completion of required formalities by the promoter and the promoter had filled the QPRs of quarters preceding the date of such change, the QPRs already filled will be secured and no late fees will be imposed for this period before re-setting of the QPRs subsequent on change of nature of the project.
While enforcing the revised facility for filing the QPRs of the project, U.P. RERA has taken care that the promoter uploads the QPRs only after thoroughly verifying the particulars thereof. Therefore, ‘Save as Draft’ option has been provided on every page of the QPR and as soon as a promoter chooses the ‘Save as Draft’ option, the system will also flag the fields that have not been duly filled and ‘Alert’ the promoter. There are also options of ‘Review’ and ‘Next’ after the ‘Save as Draft’ option. The promoters have also been given the option to ‘Review and ‘Edit’ the details before ‘Final Submission’ of the QPR and on ‘Final Submission’, the message of ‘QPR Submitted’ is flashed to the promoter.
These orders regarding the filing of QPR can be seen on the web portal of U.P. RERA.
It was stated by Sanjay Bhoosreddy that it is mandatory for the promoters to file the timely QPRs of the projects with full details. All the stake holders including RERA, the allottees and people desirous to invest in the project can easily see the progress of the project from the QPR page of the project. QPRs are also helpful for RERA in timely intervention in case of the defaulting promoters. U.P. RERA has taken due care to make sure that the QPR filing facility remains user friendly and at the same time serves the purpose intended by the RERA Act. He called upon the promoters to must file the QPRs of the projects in time and remain honest and stead fast in their obligations towards the allottees.
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