ORERA tightens quarterly disclosure rules for real estate agents from Dec 2025; penalties for lapses

The Odisha Real Estate Regulatory Authority (ORERA) has ordered a comprehensive revamp of quarterly reporting by registered real estate agents, requiring transaction-by-transaction disclosures and supporting paperwork from the quarter ending December 2025.

According to a report by The Times of India, a review by the Directorate General of Audit for Indirect Taxes and Customs highlighted that many quarterly returns filed by agents were incomplete and lacked the level of financial detail required for central monitoring.

In response, ORERA reworked the quarterly progress report (QPR) format to capture far more granular information on an agent’s activity each quarter.

The new filing asks agents to declare identification and registration particulars, tax identifiers, the projects and promoters they represented, the precise contractual role they performed, commissions received and a ledger of associated financial transactions.

The revised proforma also mandates the submission of documentary annexures, including copies of sale deeds, conveyance and lease agreements, allotment records, payment receipts and entries from relevant registers, so that each reported transaction carries verifiable backing documents.

Application From Dec 2025; Penalties For Lapses

ORERA has made the updated QPR compulsory from the reporting period ending December 2025, with quarterly submissions thereafter. The authority has warned that failure to furnish complete information or deliberate misreporting will invite action under the Real Estate (Regulation and Development) Act, 2016, including monetary penalties and other statutory measures available to the regulator.

The enhanced reporting regime coincides with ORERA’s recent efforts to strengthen case management and technical review within the authority.

In October, the regulator began the process of appointing an external land specialist, preferably a retired Odisha Administrative Service officer with substantial field experience as a tehsildar, sub-collector or land acquisition official, to assist in cases that hinge on complex land records, boundary disputes or technical scrutiny of plans.

That appointment is designed to support ORERA’s Conciliation and Dispute Resolution (CDR) cell, established earlier this year as a faster, lower-cost forum to settle disagreements between promoters, agents and homebuyers.

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Digital Linkages And District Coordination

Alongside stricter filings and added technical capacity, ORERA has been integrating its approval and registration workflows with digital land records and strengthening ties with the Housing and Urban Development Department and district revenue offices.

District collectors and tehsildars have been asked to flag unauthorised construction and suspect transactions so the regulator can act promptly.

Officials said the combination of transaction-level QPRs, expert land scrutiny and tighter inter-agency coordination will improve the regulator’s ability to detect irregularities, protect consumer interests and verify on-ground project progress more reliably.