Bhubaneswar: The Odisha Real Estate Regulatory Authority (Orera) has issued show-cause notices to 113 developers for failing to file mandatory quarterly progress reports (QPRs). Under the Real Estate (Regulation and Development) Act, 2016, submission of QPRs is a statutory requirement for all registered promoters. These reports provide an updated status of projects, including construction progress vis-à-vis timelines and financial details such as funds collected from allottees and utilisation for construction.
Penalties for Non-Compliance
Orera said non-compliance with its directions or provisions of the Act — including failure to update QPR data on project websites — can attract penalties of up to 5% of the project’s estimated cost. Developers who fail to respond to the notices or provide satisfactory explanations will face formal inquiry proceedings. Continued default may lead to stricter action, including suspension or revocation of project registration under Section 7 of the Act.
Authority's Stance
Orera chairperson Asit Mohapatra termed QPR filing “non-negotiable”, adding that non-compliance constitutes a violation of Rera provisions. Allottees can also file complaints under Section 31, seeking compensation or other relief. The authority said it will continue compliance audits and enforcement measures to protect homebuyers’ interests and ensure transparency in the sector.
Impact on Homebuyers
Homebuyers are encouraged to monitor project updates and report any discrepancies to Orera. The authority reiterated its commitment to safeguarding consumer interests and maintaining accountability among developers. The notices serve as a warning to all promoters to adhere to regulatory requirements promptly.
