Ashiana Housing fined ₹3.99 Lakh by Rajasthan RERA for project delay
Ashiana Housing Limited was fined ₹3.99 lakh by Rajasthan RERA for delayed submission of Completion and Occupancy Certificates for its Jodhpur project. The company has paid the penalty, which is not expected to significantly impact its financials.
The penalty amount of ₹3,99,000 is a minor financial cost for Ashiana Housing Limited and is unlikely to materially affect its overall financial performance or operations.
The penalty is a negative event, but the amount is relatively small for the company and is not expected to have a significant financial impact, leading to a neutral sentiment.
Ashiana Housing Limited has received a penalty of ₹3,99,000 from the Rajasthan Real Estate Regulatory Authority (RERA) for a delay in submitting the Completion Certificate (CC) and Occupancy Certificate (OC) for its project, ‘Ashiana Dwarka’ Phase-5, located in Jodhpur, Rajasthan.
The penalty comprises ₹1,97,000 for the delay in CC and ₹2,02,000 for the delay in OC. The company was informed of this order on September 3rd, 2026. The alleged non-compliance pertains to the delay in uploading the required certificates on the Rajasthan RERA website within the stipulated timeline.
Ashiana Housing Limited has already paid the full penalty amount. The company stated that this penalty is not expected to have a significant impact on its financial or operational performance, other than the direct cost of ₹3,99,000.
A plain-language summary of a public exchange filing by Ashiana Housing Limited. Read the original for the full detail.