Jammu and Kashmir RERA Imposes Rs 10 Lakh Fine on Unregistered Real Estate Project
The Jammu and Kashmir Real Estate Regulatory Authority (JKRERA) has slapped a Rs 10 lakh penalty on developers for failing to register an ongoing housing project in the Jammu region.
Jammu And KashmirReraReal EstatePenaltyDevelopersReal EstateJun 03, 2025
A spokesperson for the Authority stated that JKRERA took suo motu cognizance of the unregistered project and initiated legal proceedings under the relevant provisions of the Act. After a detailed inquiry, it was established that the developers had neither applied for registration nor claimed any exemption or provided reasons for the lapse.
“It was an ongoing project and the promoter should have applied for the RERA registration well on time to avoid penalties,” said Satish Chandra, Chairperson of JKRERA. “Registering with RERA is mandatory for all ongoing real estate projects where completion certificates have not been issued.”
Chandra further clarified that the imposition of a penalty does not absolve the developers of their legal obligation to register the project. “Continued non-compliance with Section 3 of the Act will attract harsher penalties,” he warned. Citing Section 59(2) of the Real Estate Act, the JKRERA chief noted that failure to comply with the Authority’s directives could invite imprisonment of up to three years or an additional fine of up to 10 per cent of the project’s estimated cost — or both.
He also urged all promoters operating in Jammu and Kashmir to ensure timely registration of their real estate ventures to avoid legal repercussions. “Registration with RERA is a fundamental step toward promoting transparency, ensuring fair play, and safeguarding the interests of home buyers and allottees,” Chandra said.
The Authority reiterated that monitoring the progress of registered projects and ensuring accountability within the sector remains a top priority, particularly in the interest of consumer protection and the long-term credibility of Jammu and Kashmir’s real estate market.
Frequently Asked Questions
What is the Jammu and Kashmir Real Estate Regulatory Authority (JKRERA)?
The Jammu and Kashmir Real Estate Regulatory Authority (JKRERA) is a regulatory body established to oversee and regulate the real estate sector in Jammu and Kashmir, ensuring transparency and fair practices.
Why was the penalty imposed on the real estate developers?
The penalty was imposed because the developers failed to register their ongoing housing project with JKRERA, as mandated by 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 the registration requirement can result in penalties, fines, and even imprisonment of up to three years or an additional fine of up to 10 per cent of the project’s estimated cost — or both.
What is the purpose of registering a real estate project with RERA?
Registering with RERA promotes transparency, ensures fair play, and safeguards the interests of home buyers and allottees. It also helps in maintaining the long-term credibility of the real estate market.
How can developers avoid penalties from JKRERA?
Developers can avoid penalties by ensuring timely registration of their real estate projects with JKRERA and complying with all the provisions of the Real Estate (Regulation and Development) Act, 2016.
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