UPRERA Enforces Strict Compliance Norms for Real Estate Agents and Revises Financial Reporting Formats
Lucknow / Gautam Buddh Nagar, June 19, 2026: In a landmark move to enhance transparency and accountability in the real estate sector, the Uttar Pradesh Real Estate Regulatory Authority (UPRERA) has notified the 11th Amendment to the Uttar Pradesh Real Estate Regulatory Authority (General) Regulations, 2019. The amendment introduces mandatory record-keeping and quarterly transaction reporting requirements for registered real estate agents, while also revising the provisions relating to Chartered Accountant certifications, UPRERA said in a press release.
It is noteworthy that the RERA Act has a mandatory provision for the reporting of quarterly progress reports of projects by promoters. While similar explicit provisions do not exist with regard to real estate agents, the RERA Act empowers the Regulatory Authority to make regulations to ensure the compliance of obligations cast upon agents, thereby enhancing transparency and accountability in the sector. Consequently, with a view to protect the interest of consumers and enhance accountability at the agent level, UPRERA has laid down the specific registers and documents that agents must maintain and has prescribed the format for reporting quarterly transactions on the Regulatory Authority’s website. Any failure to submit these quarterly transaction reports within the prescribed time limit will make agents liable to pay a delay fee of ₹10,000 for the corresponding quarter.
One of the path-breaking arrangements introduced through this amendment relates to the responsibilities of registered real estate agents regarding the maintenance and preservation of records for all customer-related transactions. Reflecting this broader compliance requirement, UPRERA has renamed Regulation 54 as “The Real Estate Agent Enrolment, Training, Certification and Statutory Compliances.”
Under the new guidelines, real estate agents must maintain cash books, journals, ledgers, and customer registers in the formats prescribed by UPRERA. They are required to preserve these records for a minimum period of five years from the date of project completion or the execution of the registered sale or lease deed, as applicable. Furthermore, agents must produce these documents for inspection before the Regulatory Authority, or any officer authorized by it, as and when required during any inquiry or investigation into their affairs. This prescription is expected to improve transparency in property transactions and create a verifiable trail of dealings undertaken by agents, protecting the interests of consumers and strengthening confidence in the sector.
To create a comprehensive database of transactions facilitated by registered intermediaries, UPRERA has made the quarterly reporting of customer-related business transactions mandatory going forward. Every registered real estate agent will be required to upload details of the transactions facilitated during the quarter, along with information relating to employees associated with the agency, on the Authority’s website within 15 days from the end of each quarter.
To ensure strict compliance, the Authority has prescribed a late fee of ₹10,000 for delayed submissions. The amendment further provides that during their first statutory filing, agents must disclose details of all transactions facilitated by them since obtaining their registration with UPRERA. Thereafter, they will be required to submit details corresponding to each active quarter. These amendments aim to improve regulatory oversight, strengthen accountability among market intermediaries, and promote a more transparent and professional real estate ecosystem. The Authority expects these new compliance measures to benefit homebuyers and investors by ensuring better monitoring of transactions and greater reliability in the functioning of the real estate market across Uttar Pradesh.
Speaking on the amendments, UPRERA Chairman Sanjay R. Bhoosreddy said that the new provisions have been introduced with the objective of further strengthening transparency, accountability and professionalism in the real estate sector. He stated that real estate agents play a crucial role as the primary interface between homebuyers and developers, and therefore maintaining proper records and timely disclosure of transactions is essential for building trust in the market.
