Summary of this article
UP-RERA reminds promoters to file quarterly physical and financial progress reports.
Project registration extensions beyond 12 months will be assessed.
The proposed UP-RERA 2.0 portal aims to move compliance towards structured.
The Uttar Pradesh Real Estate Regulatory Authority has stepped up its focus on homebuyer rights by emphasising the importance of Quarterly Progress Reports to real estate promoters.
The regulatory body held a webinar on August 17, 2026, which was attended by a majority of promoters participating from across the state. This webinar focused on and reminded promoters of their compliance norms, which make the homebuying process just for individuals. UPRERA explained that complete compliance covers registration, setting of physical and financial targets, quarterly reporting and annual audit compliance through QPRs and REG-1, REG-2, REG-3, and REG-5 certificates.
What Is Proposed In This Meeting?
Under the QPR framework, promoters are required to diligently report their physical and financial progress after every quarter. The report should indicate and reveal their list of projects launched, completed, units sold and left and other financial disclosures. This is to be done with certificates issued by architects, engineers, and chartered accountants. The QPRs are required to be filed within 15 days of when the quarter ends, with a Rs 15,000 late fee attached for delaying filing.
Another important aspect covered during the presentation was the regulatory framework for seeking extension of registration beyond 12 months. The presentation stated four factors for consideration by the Authority. These factors were legal viability, economic viability, operational viability and oversight by the Association of Allottees (AoA).
If any stakeholder asks for an extension beyond this, they must show the availability of funds for completion and additional requirements, including an affidavit regarding new bookings, consent of more than 50 per cent of allottees, and formation of the Association of Allottees.
For homebuyers, this reinforces the importance of checking the regulatory records rather than just depending on advertisements and brochures to find out the credibility of the project. Buyers should independently confirm the project’s registration number and ensure that the details are available on the portal of the regulator.
Furthermore, the proposal of the UP-RERA 2.0 portal seeks to shift compliance from scanned documents towards structured, data-driven reporting. The system is expected to link physical and financial targets with certificate data, identity verification and project delays. The overall objective is to make compliance a tool for continuous project monitoring rather than it being a routine filing exercise.
