NEW DELHI: More than 75% of state real estate regulators, Reras, have either never published annual reports, discontinued their publication or not updated them despite statutory obligation and directions from the housing and urban affairs ministry, claimed homebuyers’ body FPCE on Friday. It released status report of 21 Reras as of Feb 13.The availability of updated annual reports is crucial as these contain details of data on performance of Reras, including project completion status categorised by timely completion, completion with extensions, and incomplete projects. The ministry’s format for publishing these reports also specifies providing details such as actual execution status of refund, possession and compensation orders as well as recovery warrant execution details with values and list of defaulting builders.FPCE said annual report data is not only vital for homebuyers to assess system credibility, but is equally necessary for both state and central govts to frame effective policies, design incentivisation schemes, and develop tax policy frameworks.”Unless we have credible data proving that after Rera the real estate sector has improved in terms of delivery, fairness, and keeping its promises, we are merely firing in the air,” said FPCE president Abhay Upadhyay, who is also a member of the govt’s Central Advisory Council on Rera.As per details shared by the entity, seven states – Karnataka, Tamil Nadu, West Bengal, Andhra Pradesh, Himachal Pradesh and Goa – have never published a single annual report since Rera’s implementation, and nine states, including Maharashtra, Uttar Pradesh and Telangana, which initially published reports, have discontinued the practice.Upadhyay said when regulators themselves don’t follow the law, they lose the legal right to demand compliance from other stakeholders. “Their failure emboldens builders and weakens the very system they are meant to safeguard,” he said.End of ArticleFollow Us On Social MediaVideos‘Got Assurance From India…’ Marco Rubio On Russian Oil After Trade DealIn Munich, Jaishankar Backs Multipolar Order, EU FTA And UNSC Reform, Calls For Agile Foreign Policy’Alliances Fluid, Might Rising’: CDS Gen Anil Chauhan Warns India Must Prepare To Act IndependentlyMetro Line-4 Viaduct Part Collapses In Mulund, One Killed, Three Injured“Congress Failed The Northeast” PM Modi Slams Congress Over Assam’s GrowthRahul Gandhi Flags Dhaka Zero Duty Edge In US Trade Deal; Piyush Goyal Mounts Strong RebuttalDeadly Joyride: Teen Driving SUV At 160 Kmph Triggers Chain Crash In Bengaluru, 6 Students DeadEU Holds Back Laughter As US Credits Itself On Stopping India Pakistan War, Questions UN On KashmirPM Modi Makes Historic Landing At Dibrugarh ELF, Rafale And Sukhoi Jets Mark India’s Strategic PushPM Modi Opens Kumar Bhaskar Varma Setu, Rs 3000 Crore Bridge Cuts Guwahati Travel Time To 7 Minutes123PhotostoriesCervical cancer accounts for up to 29% of cancers in India: Doctor shares why the pap test mattersMaha Shivratri 2026: Nutrient-rich Almond, Banana & Peanut Smoothie for all-day energyMaha Shivratri 2026: Nutrient-rich Almond, Banana & Peanut Smoothie for all-day energyMaha Shivratri 2026: 10 traditional foods that are offered to Lord Shiva and whyTop 5 Margot Robbie movies that are a must-watch on OTT5 invisible AI features in modern luxury cars that drivers rarely noticeAfter Shahid Kapoor led ‘O’Romeo,’ 6 Bollywood gangster films to stream on OTT that are inspired by the underworldMargot Robbie’s most iconic on-screen looks: Gothic lore, barbiecore and beyond5 famous global fabrics you didn’t know were originally IndianMaha Shivratri 2026: How to make Sabudana Tikki for evening snacking123Hot PicksIT Stocks CrashGold Silver PricesBangladesh Election ResultsTelangana Municipal Elections ResultsIncome Tax CalculatorPublic holidays February 2026Bank Holidays februaryTop TrendingPatrick MahomesBad BunnyJosh MorrisseyJutta LeerdamAuston MatthewsKayla NicoleAnthony JoshuaChris PaulDarron LeeKyle Busch Net Worth
NEW DELHI: More than 75% of state real estate regulators, Reras, have either never published annual reports, discontinued their publication or not updated them despite statutory obligation and directions from the housing and urban affairs ministry, claimed homebuyers’ body FPCE on Friday. It released status report of 21 Reras as of Feb 13.The availability of updated annual reports is crucial as these contain details of data on performance of Reras, including project completion status categorised by timely completion, completion with extensions, and incomplete projects. The ministry’s format for publishing these reports also specifies providing details such as actual execution status of refund, possession and compensation orders as well as recovery warrant execution details with values and list of defaulting builders.FPCE said annual report data is not only vital for homebuyers to assess system credibility, but is equally necessary for both state and central govts to frame effective policies, design incentivisation schemes, and develop tax policy frameworks.“Unless we have credible data proving that after Rera the real estate sector has improved in terms of delivery, fairness, and keeping its promises, we are merely firing in the air,” said FPCE president Abhay Upadhyay, who is also a member of the govt’s Central Advisory Council on Rera.As per details shared by the entity, seven states – Karnataka, Tamil Nadu, West Bengal, Andhra Pradesh, Himachal Pradesh and Goa – have never published a single annual report since Rera’s implementation, and nine states, including Maharashtra, Uttar Pradesh and Telangana, which initially published reports, have discontinued the practice.Upadhyay said when regulators themselves don’t follow the law, they lose the legal right to demand compliance from other stakeholders. “Their failure emboldens builders and weakens the very system they are meant to safeguard,” he said.
