ORERA Revises Quarterly Report Formats for Real Estate Agents to Enhance Transparency
The Odisha Real Estate Regulatory Authority (ORERA) has mandated a new format for quarterly progress reports from registered agents to improve accountability and transparency in the real estate sector.
Real EstateOreraQuarterly ReportsTransparencyRegulatory OversightReal EstateNov 14, 2025
The updated proforma includes the agent’s name, RERA registration number, GST details, project and promoter information, brokerage commission earned, the agent’s role as per the agreement, allottee details, agreement dates, financial transactions, and copies of sale, conveyance, lease agreements, and register entries. The directive aims to plug data gaps and ensure that agents maintain transparent records of their dealings with buyers and promoters.
The comprehensive format is expected to aid regulatory oversight and protect consumer interests in the growing property market. Real estate agents have been instructed to submit the revised QPRs every three months, with annexures detailing agreements and financial receipts. ORERA officials said that non-compliance may attract penal provisions under the Act.
“This direction under RE (R&D) Act, 2016 is issued to be followed by the real estate agents to submit QPR for the quarter ending December 2025 and onwards in the revised proforma,” the directive added. ORERA has been quite strict in enforcing the QPR norms on promoters and agents. QPRs have played a vital role in monitoring the actual progress of real estate projects by the authority. Buyers or investors can also track the progress of the projects where they have invested their money.
The new format is designed to ensure that all stakeholders in the real estate market, including buyers, promoters, and regulatory authorities, have access to accurate and detailed information. This transparency is crucial for building trust and ensuring fair practices in the industry. ORERA’s initiative is a significant step towards enhancing the regulatory framework and protecting the interests of all parties involved in real estate transactions.
Frequently Asked Questions
What is ORERA?
ORERA stands for Odisha Real Estate Regulatory Authority. It is a regulatory body established under the Real Estate (Regulation and Development) Act, 2016, to oversee and regulate the real estate sector in the state of Odisha, India.
Why has ORERA mandated a revised format for quarterly progress reports?
ORERA has mandated a revised format for quarterly progress reports to enhance accountability and transparency in the real estate sector. The new format aims to plug data gaps and ensure that agents maintain transparent records of their dealings with buyers and promoters.
What information is included in the revised QPR format?
The revised QPR format includes the agent’s name, RERA registration number, GST details, project and promoter information, brokerage commission earned, the agent’s role as per the agreement, allottee details, agreement dates, financial transactions, and copies of sale, conveyance, lease agreements, and register entries.
What are the consequences of non-compliance with the new QPR format?
Non-compliance with the new QPR format may attract penal provisions under the Real Estate (Regulation and Development) Act, 2016. ORERA officials have stated that strict action will be taken against agents who fail to submit the revised QPRs as required.
How does the new QPR format benefit real estate buyers and investors?
The new QPR format benefits real estate buyers and investors by providing them with detailed and accurate information about the projects in which they have invested. This transparency helps build trust and ensures fair practices in the real estate market.
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