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BHUBANESWAR: The Odisha Real Estate Regulatory Authority (ORERA) has issued a final notice to promoters to submit their quarterly progress reports (QPR) for the April-June quarter by the end of this month.
Previously, ORERA requested promoters to update their data and submit the QPR through its new platform, ORERA 2.0. However, only 64% of the projects have successfully uploaded their data thus far. ORERA has mandated that the reports be submitted by the end of July, either digitally or manually.
“In line with prior instructions, particularly the ORERA letter dated June 18, all promoters were encouraged to complete the one-time data update for their registered projects by June 30,” stated ORERA’s communication.
QPR is crucial as it informs buyers about project statuses. Non-compliance can lead to various actions as outlined in the Odisha Real Estate (Regulation and Development) Act, 2016.
Additionally, promoters must upload their audited financial statements within six months after the conclusion of each financial year. Failing to do so may result in penalties, and repeated defaults could lead ORERA to deny project extensions or cancel the project’s registration.
ORERA’s letter emphasized that updating data is vital for the digital submission of QPR for the quarter ending in June 2025 and future quarters. “While over 64% of registered projects have finished data updates, a considerable number are still pending,” highlighted the letter.
“Due to the incomplete data updates for several projects, digital QPR submissions are currently unfeasible,” noted ORERA.
In light of the situation, ORERA has instructed all promoters to ensure that their QPR for the quarter ending June 2025 is submitted, either digitally or using the prescribed format, by July 31.
“Promoters who have not yet completed the initial data update in ORERA 2.0 must do so immediately. No further extensions will be granted,” the authority emphasized, adding that for subsequent quarters, starting from September 2025, manual submissions of QPR will no longer be accepted, making digital submissions mandatory.
This revised version maintains the original meaning while enhancing clarity and flow.
