K-RERA tightens enforcement on delayed project disclosures to improve transparency and protect homebuyers.

Karnataka RERA Recovers ₹1.5 Crore from Builders for Compliance Violations.

The Karnataka Real Estate Regulatory Authority (K-RERA) has recovered ₹1.5 crore in penalties from builders between April 1 and July 9, 2026, for failing to submit mandatory quarterly progress reports (QPRs) and annual audit reports within prescribed timelines. The action is part of a broader compliance drive aimed at improving transparency and enabling better monitoring of registered real estate projects. K-RERA has warned that recovery proceedings against defaulting promoters will intensify from July 16. For the fourth quarter of 2025–26, only 1,619 of 2,344 projects filed quarterly reports, while 2,073 of 2,877 projects submitted annual audit reports. The authority has also introduced a fixed penalty of ₹25,000 per quarter of delay during 2026–27. While developers argue that filing delays are often procedural, homebuyers have welcomed the stricter enforcement, saying timely disclosures will help detect project delays early and strengthen accountability across the real estate sector.