Preparing a Quarterly Progress Report (QPR) under MahaRERA is an important responsibility for real estate promoters in Maharashtra. Accurate and timely reporting helps maintain transparency regarding a registered project’s financial position and construction progress.
Under the Real Estate (Regulation and Development) Act, 2016, promoters must fulfil applicable reporting and disclosure requirements. The Quarterly Progress Report provides updated information about project collections, expenditure, construction status, and other prescribed details on the MahaRERA portal.
This guide explains how to prepare a MahaRERA QPR, understand filing deadlines, avoid common mistakes, and manage the reporting process efficiently.
What Is a MahaRERA Quarterly Progress Report (QPR)?
A MahaRERA Quarterly Progress Report is a periodic disclosure that records the financial and physical progress of a registered real estate project. It helps maintain updated project information on the MahaRERA portal and supports transparency for relevant stakeholders.
QPR preparation involves collecting financial records, verifying construction progress, coordinating professional certificates, and submitting the required information through the applicable portal process.
The report generally covers:
- Cumulative collections: Total amounts collected from allottees up to the reporting period.
- Project expenditure: Applicable cumulative amounts utilized for the project.
- Designated bank account balance: Relevant balance information supported by banking records.
- Construction progress: Current physical status and reported percentage of completion.
- Professional certifications: Required details and certificates from the project engineer, architect, and practicing chartered accountant, as applicable.
The information should be accurate, consistent with supporting documents, and prepared according to the latest applicable MahaRERA requirements.
What Is the QPR Filing Deadline Under MahaRERA?
The QPR filing deadline in Maharashtra is generally the 20th of the month following the end of each quarter, subject to applicable MahaRERA directions and any subsequent changes.
The usual quarterly schedule is:
| Reporting quarter ends | General filing deadline |
|---|---|
| June | July 20 |
| September | October 20 |
| December | January 20 |
| March | April 20 |
Promoters should verify the current filing requirements and applicable deadline before submission. Preparing documents in advance allows sufficient time for financial reconciliation, certificate collection, and corrections.
Late filing may result in regulatory notices or penalties, depending on the applicable provisions and circumstances. Maintaining a quarterly reporting calendar can help promoters manage deadlines more effectively.
How to Prepare a MahaRERA QPR: Step-by-Step Process
1. Collect Financial Records
Begin by gathering the project’s relevant financial information, including collection details, expenditure records, and designated bank account statements.
Check that the figures are supported by appropriate documentation. Financial information should be reconciled with the applicable chartered accountant certification before being reported.
2. Verify Cumulative Financial Figures
QPR reporting requires careful attention to cumulative figures. The reported amounts should generally reflect the applicable totals from the beginning of the project up to the reporting period, rather than only transactions from the latest quarter.
Review the following information:
- Total amount collected from allottees.
- Total amount utilized for the project.
- Relevant designated bank account balance.
- Supporting financial records and CA-certified information.
Differences between financial records and reported figures should be investigated before submission.
3. Review Physical Construction Progress
The construction progress reported in the QPR should reflect the project’s actual status. Coordinate with the project engineer and architect to verify the relevant construction details and completion percentage.
Ensure that the reported progress is supported by available project records and applicable professional certifications. Avoid estimates that cannot be substantiated, as discrepancies may lead to further scrutiny or clarification requests.
4. Obtain Required Professional Certificates
Coordinate with the professionals responsible for verifying the project’s information.
- Project Engineer: Relevant construction progress and project-related information.
- Project Architect: Applicable physical progress and construction status certification.
- Practicing Chartered Accountant: Relevant financial information and certification concerning collections, utilization, and other prescribed details.
Check that the required certificates are updated for the reporting period and consistent with the information entered in the QPR.
5. Review and Submit the QPR
Before filing, review the financial figures, construction progress, certificates, and supporting information. Confirm that the required fields have been completed and that the report is consistent with the applicable portal instructions.
Submit the report within the prescribed deadline and retain a record of the submission and supporting documents for future reference.
Common Mistakes to Avoid During MahaRERA QPR Filing
Errors during QPR preparation can cause delays and additional regulatory communication. Promoters should pay particular attention to the following issues:
- Incorrect financial reporting: Reporting quarterly transactions instead of applicable cumulative figures.
- Financial discrepancies: Figures that do not match supporting records or CA certification.
- Incorrect construction percentage: Reporting progress that does not reflect the documented project status.
- Missing certificates: Failing to obtain required professional certifications before filing.
- Outdated information: Using records that do not reflect the relevant reporting period.
- Missed deadlines: Delaying preparation until the final submission date.
- Incomplete verification: Submitting information without checking its consistency and supporting documents.
A structured review process, supported by organized financial and construction records, can help reduce these avoidable errors.
How RERA360 Helps with MahaRERA QPR Preparation
Managing QPR reporting alongside construction, financial administration, and other project responsibilities can be challenging. Professional assistance can help promoters coordinate the required information and organize the filing process.
RERA360 provides MahaRERA QPR preparation and filing support, including:
- Reviewing cumulative financial information.
- Coordinating financial reconciliation with the relevant CA certification.
- Assisting with the collection of engineer and architect certificates.
- Reviewing documentation for completeness and consistency.
- Supporting timely preparation and submission.
- Helping organize records for future quarterly reporting.
Our approach focuses on making QPR preparation more structured, accurate, and manageable. By identifying information gaps before submission and coordinating the necessary documentation, we help promoters reduce avoidable reporting errors.
The final report should always be based on accurate project information and the applicable regulatory requirements.
Conclusion
Preparing a MahaRERA Quarterly Progress Report requires accurate financial reporting, verified construction progress, appropriate professional certifications, and timely submission. A systematic process helps promoters maintain consistent project disclosures and reduce avoidable errors.
RERA360 supports promoters with structured QPR preparation and filing assistance, helping simplify documentation, coordination, and pre-submission review.
Need assistance with MahaRERA QPR preparation? Connect with RERA360 for professional support with your project.
Frequently Asked Questions About MahaRERA QPR
1. What is a QPR under MahaRERA?
A Quarterly Progress Report (QPR) is a periodic disclosure of a registered real estate project’s financial and physical progress. It contains prescribed information about collections, expenditure, construction status, and relevant professional certifications.
2. What is the deadline for MahaRERA QPR filing?
The general deadline is the 20th of the month following the end of each quarter: July 20, October 20, January 20, and April 20. Promoters should confirm the latest applicable MahaRERA directions before filing.
3. Which certificates are required for QPR filing?
The reporting process generally involves relevant certificates or information from the project engineer, architect, and practicing chartered accountant. The exact requirements should be verified against the current MahaRERA portal instructions.
4. Should QPR figures be quarterly or cumulative?
The applicable financial figures generally need to reflect cumulative amounts from project inception up to the reporting period, rather than only the latest quarter. They should be reconciled with supporting records and relevant certification.
5. Are photographs mandatory for every MahaRERA QPR?
Photographs are not necessarily mandatory for every routine QPR submission. Additional evidence may be required for particular applications or under specific regulatory directions. Always verify the requirements applicable to the filing.
6. What happens if a QPR is filed late?
Late filing may result in regulatory notices, penalties, or other consequences depending on the applicable rules and circumstances. Promoters should verify the prescribed deadline and prepare the required information in advance.