Jammu and Kashmir Real Estate Developers Face Rs 10 Lakh Penalty for Non-Compliance with JKRERA
The Jammu and Kashmir Real Estate Regulatory Authority (JKRERA) has imposed a penalty of Rs 10 lakh on real estate developers for failing to register an ongoing project at Sang Talab, Raipur Domana. This move underscores the importance of compliance with the Real Estate (Regulation and Development) Act, 2016, to ensure transparency and protect homebuyers.
Real EstateJkreraPenaltyProject RegistrationJammu And KashmirReal Estate NewsJun 02, 2025
JKRERA took suo-motu cognisance of the violation and initiated proceedings under the relevant provisions of the Act. After thorough examination, it was confirmed that the promoters neither obtained the mandatory registration from JKRERA nor sought any exemption or provided a justifiable reason for the omission.
Satish Chandra, Chairperson of JKRERA, said, “It was an ongoing project and the promoter should have applied for RERA registration well on time to avoid penalties. RERA registration is mandatory for all ongoing projects where competition certificates were not issued.”
He further added, “Mere imposition of a penalty does not exempt a promoter from registering their project.” The Chairperson warned that continued non-compliance with Section 3 of the Act will attract severe penalties. “As per Section 59(2), promoters who fail to comply with orders or continue to violate registration requirements face imprisonment for up to three years or an additional fine of up to ten per cent of the estimated project cost, or both.”
The Chairperson urged all promoters to register their projects without delay to avoid further legal action. JKRERA reiterated that project registration is crucial to ensure transparency, promote fair practices, and protect the interests of allottees and homebuyers. Registration also enables the Authority to monitor project progress and enforce accountability in the real estate sector.
Frequently Asked Questions
What is JKRERA?
JKRERA stands for Jammu and Kashmir Real Estate Regulatory Authority. It is a regulatory body responsible for ensuring transparency and fair practices in the real estate sector in Jammu and Kashmir.
Why did JKRERA impose a penalty on real estate developers?
JKRERA imposed a penalty of Rs 10 lakh on real estate developers for failing to register their ongoing project at Sang Talab, Raipur Domana, which is a violation of Section 3(1) of the Real Estate (Regulation and Development) Act, 2016.
What are the consequences of not registering a real estate project with JKRERA?
Non-compliance with JKRERA registration requirements can result in penalties, including fines and imprisonment. Promoters can face imprisonment for up to three years or a fine of up to ten per cent of the estimated project cost, or both.
How does project registration with JKRERA benefit homebuyers?
Project registration with JKRERA ensures transparency, promotes fair practices, and protects the interests of allottees and homebuyers. It also enables the Authority to monitor project progress and enforce accountability in the real estate sector.
What should real estate developers do to avoid penalties from JKRERA?
Real estate developers should register their projects with JKRERA in a timely manner to avoid penalties. They should also ensure compliance with all relevant provisions of the Real Estate (Regulation and Development) Act, 2016.
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