The Odisha Real Estate Regulatory Authority (ORERA) has introduced significant changes to the quarterly progress report (QPR) formats for builders, including the option for hard-copy submission for projects registered offline. This move replaces the earlier mandate of exclusively online filing.
Revised Formats from June 2026
The updated formats, notified recently, will come into effect from the quarter ending June 2026. Officials believe these changes will enhance transparency, accuracy, and compliance tracking under the Odisha Real Estate (Regulation and Development) Act 2016 (RERA).
Dual Submission System
Under the new system, projects registered offline—which are few in number—will submit QPRs in physical form. Projects registered online, which constitute the majority, will continue filing reports digitally through the ORERA portal. The authority decided to allow hard-copy submission after observing technical issues with the online-only system.
Outcome-Oriented Disclosures
ORERA has also restructured the QPR proformas to make disclosures more outcome-oriented. ORERA chairman Asit Mohapatra stated, "The objective is to make the format simple and user-friendly." The revised formats now separately capture unit booking status, execution of agreements for sale, conveyance deed registrations, and occupancy certificate (OC) progress. This provides a clearer picture of project advancement beyond broad construction claims. In contrast, the earlier QPR format largely combined financial and booking details, focusing on basic construction milestones and fund withdrawal eligibility.
Mandatory Geo-Tagged Photos
The new proforma requires promoters to report milestone-wise physical progress along with reasons for delays. For online filings, geo-tagged photographs uploaded through the ORERA mobile application will be mandatory.
Refined Financial Reporting
Financial reporting has also been refined. The format now tracks quarter-wise collections, transfers to the 70% designated RERA account, withdrawals, expenditure from various sources, and closing balances. Mohapatra added, "Standardised reporting without addressing differing registration modes was leading to compliance stress and weak monitoring. The revised formats now balance practicality with regulatory oversight."
Building on Earlier Directions
The latest revision builds on an ORERA direction issued in December 2024, which clarified that QPRs and annual audit reports must be filed even for part-quarters or part-years, and that promoters must submit nil reports if there is no activity during the reporting period.
Benefits for Homebuyers
While promoters may face greater disclosure and documentation requirements, regulators believe the changes will benefit homebuyers by enabling closer tracking of construction, finances, and legal milestones, including occupancy certificates and conveyance deeds.
