BHUBANESWAR: In addition to the Apartment Ownership Act, the Odisha Real Estate Regulatory Authority (ORERA) has introduced significant reforms aimed at safeguarding the interests of homebuyers while transforming its operational framework amidst a burgeoning real estate market. A central change includes the integration of local enforcement units with ORERA, significantly boosting its capacity to enforce orders effectively.
Moreover, these reforms go beyond just structural modifications. District collectors are mandated to incorporate RERA provisions into their monthly reviews and to report any illegal constructions. The housing and urban development department will coordinate with the revenue and disaster management department to ensure proper enforcement of penalties under the Orissa Public Demands Recovery Act, 1962. “Our primary focus is on strengthening the authority. Collaboration with state machinery is essential to enhance ORERA’s effectiveness. Key recommendations have already received endorsements from the state government, and we’re committed to further reforms to bolster the authority. Public awareness remains crucial,” commented Asit Kumar Mohapatra, the newly appointed ORERA chairperson as of May.
Real estate analyst Malay Mishra believes these changes will have substantial implications, particularly regarding order execution. “We hope the departments and ORERA will work seamlessly together to maximize the authority’s functionality,” he stated.
