Haryana Real Estate Regulatory Authority, Gurugram (Quarterly Progress Report) Regulations, 2018

The Haryana Real Estate Regulatory Authority, Gurugram (Quarterly Progress Report) Regulations, 2018

The Haryana Real Estate Regulatory Authority, Gurugram
Notification
The 5th December, 2018

No. 12/RERA GGM Regulations 2018.— In exercise of the powers conferred on it under section 85 of the Real Estate (Regulation and Development) Act, 2016 and all others powers enabling it in that behalf, the Haryana Real Estate Regulatory Authority, Gurugram hereby makes the following regulations:

1. Short Title, Object, Commencement and Extent:

(a) These regulations may be called the Haryana Real Estate Regulatory Authority, Gurugram (Quarterly Progress Report) Regulations, 2018.

(b) These regulations are meant to establish procedure for filing quarterly compliance of the registered real estate projects by the promoters/developers as per section 11 of the Real Estate (Regulation and Development) Act,2016 and rule 14 of the Haryana Real Estate (Regulation and Development) Rules, 2017 which provides for the setting up of physical and financial targets by the promoter within the period of registration and then quarterly progress report has to be filed so as to ensure that the progress in real estate project is as per the schedule undertaken by the promoter at the time of registration with the authority. The relevant information given in quarterly progress report is submitted in form QPR-1 and the same information is open for public viewing once it is uploaded on the website of the authority and the regulations also covers in its ambit all matters connected therewith or incidental thereto.

(c) These regulations will come into force from the date of their publication in the official gazette.

(d) The Haryana Real Estate Regulatory Authority Gurugram (Quarterly Progress Report) Regulations, 2018 shall apply to all registered projects falling within the jurisdiction of the Real Estate Regulatory Authority, Gurugram as notified by the Government of Haryana vide notification No. 1/92/2017-1TCP dated 14/12/2017, which comprises entire area of Gurugram district.

2. Definitions

i “Act” means the Real Estate (Regulations and Development) Act, 2016 as amended from time to time;

ii “Rules” means the Haryana Real Estate (Regulation and Development) Rules, 2017 as amended from time to time;

iii “Regulations” means the Haryana Real Estate Regulatory Authority, Gurugram (Quarterly Progress Report) Regulations, 2018 as amended from time to time;

iv “Authority” means the Haryana Real Estate Regulatory Authority, Gurugram

v “Authority members” means the members of the Authority including the Hon’ble Chairperson;

vi “Promoter” shall have the same meaning as is assigned to it under sub-section (zk) of Section 2 of the Act;

vii “Real estate project” shall have the same meaning as is assigned to it under sub-section (zn) of section 2 of the Act

viii “Quarterly progress report” means the report to be filled by the promoter furnishing the details of the progress in the real estate project in the relevant quarter to ensure that it is as per the progress report submitted at the time of registration.

ix “Website” means the official website of the authority https://haryanarera.gov.in wherein a separate webpage shall be created for every real estate project and the details shall be furnished by the promoter/developer at the end of every quarter.

x “RERA account” means the separate bank account offered by the banks under escrow account service to the customers to be maintained by the promoter in a scheduled bank as per section 4(2)(l)(D) of the act to cover the cost of construction and the land cost of the project.

3. Furnishing of quarterly progress report by the promoter/developer

(a) This quarterly target is based upon the starting and end date of construction activities of every building, block or floor as chosen by the promoter. Financial target is based on estimates provided by promoter in Part-L of REP-1 regarding cost to be incurred & amount to be collected and deposited in dedicated RERA bank account opened for the real estate project which is mandatory as per section 11 of the Real Estate (Regulation and Development) Act, 2016 and rule 14 of the Haryana Real Estate (Regulations and Development) Rules, 2017. The actual financial costs and collections have to be mentioned against said targets in the quarterly progress reports. A separate webpage has been created for filing quarterly progress report and other related information at the end of every quarter of the financial year.

(b) As per section 11 sub-section 1 the following details has to be filed by the promoter.

Functions and duties of promoter

The promoter shall, upon receiving his login Id and password under clause (a) of sub- section (1) or under sub-section (2) of section 5, as the case may be, create his webpage on the website of the authority and enter all details of the proposed project as provided under sub-section (2) of section 4, in all the fields as provided, for public viewing, including—

(i) Details of the registration granted by the authority;

(ii) Quarterly up-to-date the list of number and types of apartments or plots, as the case may be, booked;

(iii) Quarterly up-to-date the list of number of garages booked;

(iv) Quarterly up-to-date the list of approvals taken and the approvals which are pending subsequent to commencement certificate;

(v) Quarterly up-to-date status of the project; and

(vi) Such other information and documents as may be specified by the regulations made by the authority.”

4. Details to be published on the website of the authority:

By virtue of powers conferred under the relevant provisions of the Act and the rules made thereunder, the Haryana Real Estate Regulatory Authority, Gurugram has operationalized a web based online system for updates on quarterly progress of the real estate project. The details as per the rules are stated below.

As per Haryana Real Estate (Regulation and Development) Rules 2016:

The promoter shall upload the following updates on the webpage for the project, within fifteen days from the expiry of each quarter, namely:

(i) list of number and types of apartments or plots, booked;

(ii) list of number of garages/parking space booked;

(iii) status of the project :-

(A) Status of construction of each building with photographs;

(B) Status of construction of internal infrastructure and common areas with photographs.

(iv) Status of approvals:

(A) Approval received;

(B) Approvals applied for and expected date of such approvals as per Notification No. 7/31/2014-3AR dated 07.05.2015 of the Haryana Right to Service Act, 2014, (4 of 2014);

(C) Approvals to be applied and date planned for application;

(D) Modifications, amendment or revisions, if any, issued by the competent authority with regard to any license, permit or approval for the project.”

Till such time web based online system facilities on line filing of quarterly progress report the submission of QPR-1 shall be sufficient compliance of this regulation.

5. Format of Quarterly Progress Report

Annexure QPR – 1

6. Miscellaneous

(a) The quarterly progress report shall have to be submitted in single hard copy to the authority along with soft copy.

(b) The quarterly progress report shall reach before 15th of subsequent month after end of quarter.

Click here for PDF


 


Act wise amended Rules and Regulations are available here: Click here for Rules & Regulation Dashboard.
For Notifications and Circulars, click here.
For bare acts, click here.