How to Read a Project's Quarterly Updates on Karnataka RERA

Every RERA-registered project in Karnataka has a public record that the promoter must refresh each quarter. Read in sequence, those updates show how fast a project is being built, how well it is selling and whether its approvals and money are in order. This article explains what the law requires, where each item appears and how a buyer in Bangalore reads the filings before booking and after.

What the law asks the promoter to update

Section 11(1) of the Real Estate (Regulation and Development) Act, 2016 requires the promoter to keep a project page on the Authority's website. The details given at registration under section 4 are entered there for public viewing. Certain items must be brought up to date every quarter:

• The number and types of apartments or plots booked.
• The number of garages booked.
• The approvals taken, and the approvals still pending after the commencement certificate.
• The status of the project.

The page is therefore a running record and not a one-time filing. Section 19 separately entitles an allottee to the sanctioned plans and the stage-wise schedule of completion. A buyer who has booked may ask the promoter for both in writing.

Quarterly dates in Karnataka

The Karnataka Real Estate Regulatory Authority (K-RERA) has fixed a calendar for these filings. Updates for the quarters ending March, June, September and December are due by 15 April, 15 July, 15 October and 15 January. Its circular for the financial year 2026-27 repeats these dates and warns of penalties under sections 61 and 63 for late filing.

The dates give a buyer a simple test. In late October 2026, a project page should carry the update for the quarter ended 30 September 2026. A page whose last update is two or three quarters old is itself a finding. It deserves a written question to the promoter before any money is paid.

Where to find the updates

Search the project on the K-RERA portal by its registered name or registration number. The registered name often differs from the marketing name, so the registration number is the safer key. The project page opens in tabs covering the promoter, the project details, the uploaded documents and the periodic updates.

Note three figures from the registration first, since every later reading is compared with them. These are the proposed completion date, the total number of units and the estimated project cost. Check the same page for an extension of registration under section 6. An extension moves the completion date and is granted for up to one year in total.

Reading construction progress

Physical progress is reported tower by tower or block by block, as a stage or a percentage of work done. It covers the structure, the finishing work and the common infrastructure: roads, water, sewage treatment, electrical supply and amenities. The architect's and engineer's certificates, filed in Forms 5 and 6, support these figures.

One quarter says little, and four quarters in a row say a great deal. A project with 18 months to its completion date and half its structure standing needs a visibly faster pace than it has shown. Compare the pace across quarters with the time left, and with what is visible on a site visit. Photographs taken on each visit, with dates, make the comparison easy.

Reading bookings and inventory

The count of apartments or plots booked shows how the project is selling. Steady bookings help a project, because customer payments fund much of the construction. A project that has sold only a small share of its units late in its timeline depends more on loans and promoter funds.

The same table helps with price talks. A tower with many unsold units close to completion gives a buyer more room to negotiate than a tower that is nearly sold out. Treat the count as a figure declared by the promoter for that quarter, and expect it to change.

Reading approvals

The approvals list separates what has been obtained from what is pending. For an apartment project in Bangalore the list usually includes these items:

• The sanctioned building plan and the commencement certificate.
• Fire, airport height and pollution control clearances, where they apply.
• Water, sewerage and electricity connections.
• The occupancy certificate, at the end.

A pending approval is normal in the early stages. An approval that stays pending for several quarters, especially one tied to an added floor or a revised plan, is a point to raise. Section 14 requires the written consent of at least two-thirds of the allottees for changes to the sanctioned plan of the building or the common areas.

Reading the money trail

Section 4(2)(l)(D) requires 70% of the amounts collected from allottees to be kept in a separate bank account. That account pays only for land and construction. The promoter may withdraw from it in proportion to the percentage of completion. Each withdrawal must be certified by an engineer, an architect and a chartered accountant in practice.

The chartered accountant's certificate, filed in Form 4, links the money withdrawn to the work done. The account is also audited within six months of the end of each financial year. The auditor confirms that collections were used for the project and that withdrawals matched the completion percentage. Withdrawals running far ahead of physical progress are a warning sign.

Five comparisons worth making

A short routine, repeated each quarter, covers most of what the filings reveal:

1. Progress this quarter against last quarter, for the tower that holds the unit.
2. Pace of work against the months left to the registered completion date.
3. Units booked against total units, and the change since the last filing.
4. Approvals pending now against approvals pending a year ago.
5. The filing date against the due date for that quarter.

Save a PDF or screenshot of the page each quarter. The portal shows the current position, and a buyer's own dated copies form the history. Those copies are also useful evidence if a delay later leads to a complaint.

Limits of the filings

The updates are declared by the promoter and certified by professionals the promoter engages. K-RERA may call for information, inspect and penalise false statements, but it does not audit every entry each quarter. The filings work best alongside a site visit, the bank's own technical report and the agreement for sale.

A missed or false update has consequences under the Act. Section 61 allows a penalty of up to 5% of the estimated project cost for a breach of the promoter's duties. Section 7 lets the Authority revoke a registration for default or unfair practice. Our team shares the registration number and current filing status of the projects we market; write to us through the contact page.