Summary of this article
UPRERA mandates quarterly disclosures by agents.
Promoter reporting formats have been revised.
New norms aim to improve transparency.
The UP RERA body has made notified changes to the 11th amendment of the Uttar Pradesh Real Estate Regulatory Authority (General) Regulations, 2019. This is a move to improve transparency and accountability in the real estate sector in the state of Uttar Pradesh. The new provision that the body has introduced is an extension to the real estate agents registered under RERA, as well as the promoter rules as set already. This revised compliance norm of revising financial reporting norms for promoters is a strong step towards consumer protection.
This amendment was announced on June 19, 2026, as it sought to address a gap in the existing framework. While the Real Estate (Regulations and Development) Act, 2016, stated and required promoters to report their quarterly progress, no such rule has existed for the real estate agents. By exercising the powers with the RERA body, they have now made a compulsion to periodic disclosure necessary for the agents, with no exceptions.
As per the revised regulations, real estate agents will now have to maintain detailed records of their activities in the market. This includes cash books, journals, ledgers, and customer registers in the formats stated by the regulatory body. The records must be diligently maintained for a minimum of five years from the date of project completion or execution of the sale or lease deed, depending on the case. These documents are to be the basis of investigation by the authority or authorities' officials during inquiries.
As a step further to boost transparency, UPRERA has introduced a quarterly disclosure. Every registered real estate agent is required to upload details of customer-related transactions during each quarter on the website of the authority within 15 days of the quarter ending. Real estate agents are also required to provide information regarding employees who are associated with the agency. As a way to ensure compliance, UPRERA has set a late fee of Rs 10,000 for failure to submit quarterly reports within the given time. During the first filing process, agents will have to disclose all transactions they have conducted since they received registration with UPRERA. After this, regular quarter-wise reporting will be done from their end, which is also mandatory.
Alongside these steps, the authority has also revised provisions related to the Chartered Accountant certifications and financial reporting formats provided to promoters. These changes are intended to bring uniformity and accuracy in project-related financial disclosures, which also improve regulatory monitoring systems and safeguard the interests of homebuyers and investors.
UPRERA Chairman Sanjay R. Bhoosreddy has said that the amendments were introduced to strengthen transparency, accountability, and professionalism in the diverse and dense segment of the sector.
