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The Odisha Real Estate Regulatory Authority (ORERA) has reinforced compliance by instructing developers to submit Quarterly Progress Reports (QPRs) within a strict timeframe. Promoters who fail to meet this requirement risk having their projects marked as "non-compliant." This directive aligns with Rule 16 of the Odisha Real Estate (Regulation and Development) Rules, 2017, and is intended to ensure accountability and transparency in the state's real estate sector. The authority has now begun tagging defaulting projects on its official platform to publicly highlight non-adherence.
The Odisha Real Estate Regulatory Authority (ORERA) has initiated stringent measures to enforce the timely submission of Quarterly Progress Reports (QPRs) by project promoters. Acting under the framework of Rule 16 of the Odisha Real Estate (Regulation and Development) Rules, 2017, the authority has reiterated that developers must submit QPRs within fifteen days following the end of each quarter. This rule is applicable to all ongoing and registered real estate projects across the state. Advertisement
Officials stated that the submission of QPRs is a statutory obligation, intended to promote transparency, track construction milestones, and ensure the interests of homebuyers are protected. The authority has expressed concern that a number of promoters have been failing to comply with this regulation, leading to opacity and delays in project updates.
To address this, ORERA has started publicly marking such projects as ?non-compliant? on its official web portal. This public tagging system is expected to act as a deterrent and drive greater adherence among developers. An official from the authority remarked that this tagging is already in effect for projects that have repeatedly failed to submit quarterly updates on time.
Furthermore, the authority has reminded all promoters that QPRs must include accurate details such as physical and financial progress, photographs of construction activities, status of approvals, and timelines for project completion. The absence of such data not only affects buyer confidence but also compromises the regulatory oversight of real estate developments in Odisha.
By enforcing this updated compliance mechanism, ORERA has demonstrated its intent to uphold transparency and discipline within the real estate sector. The public tagging of defaulters on the official platform is likely to enhance buyer awareness and prompt better adherence by promoters. Through this initiative, the authority is attempting to shift industry practices towards greater accountability, while also sending a strong signal to developers that regulatory norms will be actively monitored and enforced.
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