Quarterly Update Filing
Every registered project shall update the necessary details regarding the project to the respective State RERA failure of which may attract heavy penalty and penal proceeding from RERA authority. Even buyer can file complaint.
Kerala rera helps you in most of compliance required even after RERA Certificate is attained including Quaterly Updation, Scrutiny Assistance.
Filing quarterly update is crucial as it helps buyers to take decisions based on verifiable projects status. It will let prospective buyers know the status of projects, sold and available housing units and help them make a decision.
Promoters are advised to ensure that their project information is always up-to-date as per Section 11 of the Real Estate (Regulation and Development) Act, 2016.
Failure to make quarterly project update will violate Section 11 of the Real Estate (Regulation and Development) Act, 2016 and would make the concerned promoter liable for penal action.