The Odisha Real Estate Regulatory Authority (ORERA) has revised the formats for the quarterly progress report (QPR) for builders, permitting hard-copy submissions for projects registered offline, thus eliminating the previous requirement for online-only filing.
The newly updated formats, which were recently announced, will take effect from the quarter ending in June 2026. Officials believe these changes will enhance transparency, accuracy, and compliance monitoring in accordance with the Odisha Real Estate (Regulation and Development) Act 2016 (RERA).
With the new approach, a limited number of offline-registered projects will submit their QPRs in physical format, while the majority of online-registered projects will continue to file their reports digitally via the ORERA portal. This decision follows the authority’s recognition of technical difficulties. Additionally, the authority has restructured the QPR proformas, making the disclosures more outcome-focused. “The aim is to simplify the format and make it more user-friendly,” stated ORERA chairman Asit Mohapatra.
The updated formats now distinctly record the status of unit bookings, the execution of sale agreements, registrations of conveyance deeds, and the progress of occupancy certificates (OC), thereby providing a more detailed overview of project development beyond general construction claims. In comparison, the previous QPR format primarily merged financial and booking information, concentrating on fundamental construction milestones and eligibility for fund withdrawals.
The QPR is an essential document that builders submit quarterly to report on project progress. The new proforma mandates that promoters detail milestone-specific physical progress, along with explanations for any delays. Furthermore, geo-tagged photographs uploaded via the ORERA mobile application will be compulsory for online submissions.
Financial reporting has undergone significant refinement. The new format now monitors quarterly collections, transfers to the 70% designated RERA account, withdrawals, expenditures from various sources, and closing balances. “Standardized reporting without considering the various registration modes was causing compliance stress and inadequate monitoring.
The updated formats now strike a balance between practicality and regulatory oversight,” Mohapatra stated. The most recent revision builds upon a previous ORERA directive issued in December 2024, which clarified that QPRs and annual audit reports must be submitted even for partial quarters or years, and that promoters are required to file NIL reports if there is no activity during the reporting period.
Although promoters may encounter increased disclosure and documentation obligations, regulators are confident that these changes will ultimately benefit homebuyers by facilitating closer monitoring of construction, financial matters, and legal milestones, including occupancy certificates and conveyance deeds, according to officials.
