The Jammu and Kashmir Real Estate Regulatory Authority (JKRERA) has imposed a Rs 10 lakh penalty on a promoter for failing to register a property under the Real Estate (Regulation and Development) Act, 2016. Chief Secretary Atal Dulloo chaired a review meeting to strengthen regulatory compliance and consumer protection.
JkreraReal EstatePenaltyRegistrationConsumer ProtectionReal EstateJun 11, 2025
JKRERA is the regulatory body established to oversee the real estate sector in Jammu and Kashmir, ensuring compliance with the Real Estate (Regulation and Development) Act, 2016.
The Real Estate (Regulation and Development) Act, 2016, is a law that aims to regulate the real estate sector, protect the interests of homebuyers, and promote transparency and accountability in property transactions.
A Rs 10 lakh penalty was imposed on a promoter for failing to register a property under the Real Estate (Regulation and Development) Act, 2016, as mandated by JKRERA.
Projects below 500 square metres, with fewer than eight apartments, completed before the Act’s enforcement, or renovation works not involving sale or marketing are exempt from JKRERA registration.
Recommendations included implementing a single-window clearance system, mandatory verification of RERA registration before property transactions, enhanced cooperation with local and revenue bodies, and streamlined approval mechanisms for ongoing and legacy projects.
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