Bhubaneswar: Odisha Real Estate Regulatory Authority (ORERA) has revised the quarterly progress report (QPR) formats for builders and allowed submission of hard-copy for offline-registered projects. The modified format paves way for doing away with the only online filing system earlier.
Sources said that the revised formats, notified recently, will be applicable from the quarter ending June 2026 onwards and according to officials are expected to improve transparency, accuracy and compliance tracking under the Odisha Real Estate (Regulation and Development) Act 2016 (RERA).
As part of the new system, projects registered offline are allowed to submit QPRs in physical form, while those registered online, which combined the bulk of the projects, will continue filing reports digitally through the ORERA portal.
The move
comes after the authority observed technical issues. The authority has also changed the structure and content of the QPR proformas, making disclosures outcome-oriented. “The objective is to make the format simple and user-friendly,” said ORERA chairman Asit Mohapatra.
The revised formats now separately capture unit booking status, execution of agreements for sale, conveyance deed registrations and occupancy certificate (OC) progress, offering a clearer picture of project advancement beyond broad construction claims.
It may be noted that the earlier QPR format largely combined financial and booking details and focused on basic construction milestones and fund withdrawal eligibility. QPR is a crucial document submitted by builders intimating about the progress of the projects every quarter.
The new proforma now requires promoters to report milestone-wise physical progress, along with reasons for delays. Geo-tagged photographs uploaded through the ORERA mobile application will be mandatory for online filings. 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.