Quarterly Update
RERAAlso called: Quarterly Progress Report, QPR
A report the promoter must publish on the project's web page on the authority's portal every quarter, covering apartments booked, approvals and the stage of work.
Legal basis: Section 11(1) of the RERA Act, 2016, and state rules.
Example & agent tip
Example: A buyer reads the project's quarterly update and sees that the 8th floor slab is complete.
Agent tip: Compare the quarterly progress with the site and the demand letters.
Related: Promoter Demand Letter Escrow Account