Real Estate Agents Must Submit Quarterly Transaction Reports Under New UP RERA Rules
UP RERA has introduced mandatory quarterly reporting for registered real estate agents, aiming to improve transparency, strengthen compliance, and ensure better protection for homebuyers across Uttar Pradesh.
- Quarterly transaction reporting is now mandatory for Real Estate Agents.
- Reports must be filed within 15 days after each quarter.
- Late submissions will attract a ₹10,000 penalty.
Lucknow: Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has made quarterly reporting mandatory for all registered real estate agents in the state. The new rule, introduced through the authority’s latest amendment to its regulations, requires agents to regularly disclose transaction details and business activities. The decision is aimed at increasing transparency in property dealings and strengthening oversight of the real estate sector.
Under the new compliance framework, registered agents must upload quarterly reports on the UP RERA portal within 15 days of the end of every quarter. The reports will include details of property transactions and other business-related activities. UP RERA believes that regular disclosures will help maintain accurate records and create greater accountability among market participants.
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UP RERA Chairman Sanjay R. Bhoosreddy emphasized that timely reporting and proper record maintenance are essential for protecting homebuyers’ interests and improving professionalism in the industry. According to the authority, transparent business practices and accurate documentation will help build greater trust between buyers, sellers, and real estate agents.
The amendment is expected to have a significant impact on the state’s real estate ecosystem. By creating a structured reporting mechanism, UP RERA will be able to monitor market activities more effectively, identify compliance issues, and address consumer grievances in a timely manner. Industry experts believe the move will encourage responsible business practices while improving confidence among homebuyers.
Going forward, agents will also be required to maintain key business records in a prescribed format, including cash books, journals, ledgers, transaction registers, and other relevant documents. Failure to submit quarterly reports within the specified timeline will result in a ₹10,000 penalty.
The new provisions form part of the 11th Amendment to the UP Real Estate Regulatory Authority (General) Regulations, 2019, reflecting UP RERA’s ongoing efforts to create a more transparent, accountable, and professionally managed real estate sector in Uttar Pradesh.
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