In a notable shift in transparency requirements for the real estate sector, the Gujarat Real Estate Regulatory Authority (Gujarat RERA) has modified its recent directive on the mandatory display of project information at construction sites. Under the newly issued Order 112-A, developers are no longer required to prominently display the exact amount of project loans on on-site information boards, limiting the financial details immediately visible to prospective homebuyers.
As a result, potential buyers will no longer be able to ascertain the project loan amount directly at the construction site, marking a partial dilution of the earlier transparency framework.
Background: Order 112 and Enhanced Transparency Push
The original directive, Order 112, came into effect on December 1, 2025, with the objective of empowering homebuyers through enhanced on-site disclosures. Gujarat RERA had mandated that construction sites must install large, waterproof display boards containing comprehensive project information.
These boards were initially required to display:
• RERA registration number
• Sanctioned building plans
• Exact project loan amount
• RERA-designated collection bank account details
• Other critical regulatory and financial disclosures
The Authority observed that buyers often faced difficulty navigating the RERA portal to locate crucial project details and felt that site-level transparency would aid informed decision-making.
Order 112-A: Loan Amount Disclosure Removed
However, following feedback from stakeholders, Gujarat RERA issued a revised order dated December 20, 2025, removing the requirement to display the specific project loan amount on the mandatory on-site board template.
Under the revised norms:
• Developers must still disclose whether the project is financed by a loan
• The name of the lending institution must be mentioned
• The exact loan amount need not be displayed publicly at the site
This revision is widely seen as a concession to developer concerns regarding the public display of sensitive financial liabilities at construction sites.
Impact on Homebuyers and Due Diligence
With the removal of loan amount disclosure from on-site boards, buyers seeking to assess the financial exposure or debt burden of a project will need to rely on alternative verification methods.
To access detailed loan information, buyers must now:
• Visit the Gujarat RERA official website
• Approach the physical office of Gujarat RERA
• Use the mandatory QR code displayed on the site board, which links to the project’s RERA registration details
While the QR code requirement remains unchanged, real estate experts note that the absence of visible loan figures reduces instant, at-a-glance due diligence that was originally envisaged.
Balancing Transparency and Financial Sensitivity
Industry observers suggest that Gujarat RERA has attempted to strike a balance between transparency for homebuyers and financial sensitivity for developers. While core disclosures and digital access to information continue, the rollback on loan amount display may limit immediate risk assessment for buyers who rely primarily on site-level information.
Experts point out that although basic financing status disclosure still offers some insight, detailed financial scrutiny now requires additional effort by consumers, potentially reducing the effectiveness of on-ground transparency measures.
Conclusion: Transparency Retained, But with Reduced Visibility
The modification introduced through Order 112-A signals a calibrated approach by Gujarat RERA toward transparency norms. While the Authority continues to emphasize consumer awareness through QR codes and mandatory disclosures, the removal of project loan amounts from on-site boards marks a significant change in how financial information is presented to buyers.
As the real estate sector adapts to evolving compliance frameworks, homebuyers are advised to actively use RERA portals and official records to conduct comprehensive due diligence before making purchase decisions.
