ORERA issued directions regarding the rectification of QPR formats of Agents and Promoters

Jan 08, 2024 | by TeamLease RegTech Legal Research Team

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Industry Specific Complianceclass="MsoNormal" style="text-align: justify;">The Odisha Real Estate Regulatory Authority (ORERA) on January 03, 2024, issued the Directions regarding the rectification of QPR formats of Agents and Promoters.

The following has been stated namely: -

• Certain information to be provided by real estate agents have been changed to ‘optional’ from ‘mandatory’ namely: -

1. The 3 columns of Agent QPR 3,9, and 12

2. ‘Commission paid’ against Sl no.8(A) of Promoter QPR in Proforma I.

• The discretion shall lie with the promoters or agents whether or not to fill up the said Columns in both formats.

• The revised QPR is attached to the notification

• This shall come into force from January 03, 2024.

 

[Notification No. 69/ORERA]


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