JKRERA Takes Strict Action on Delayed Projects
Srinagar 
The Jammu & Kashmir Real Estate Regulatory Authority (JKRERA) has imposed fines on 10 developers in Srinagar due to significant project delays, sending a strong message about enforcing buyer rights and accountability in the real estate sector.

The penalties aim to reinforce buyer protections and restore confidence among homebuyers who faced prolonged wait times and incomplete developments. JKRERA officials stated that such measures are vital for maintaining market trust and promoting transparent practices.

Developers affected by these fines are now required to expedite construction and comply with regulatory timelines, signaling a shift toward more disciplined real estate growth in the region.