Tag: Bimalendu Pradhan

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Govt Begins Process to Fill Odisha RERA Bench Vacancy

BHUBANESWAR: The Odisha government has begun the process of appointing a new member (administration) for the Odisha Real Estate Regulatory Authority (ORERA). This comes more than two months after the position became vacant due to the premature departure of the previous member, who had been in office for only about a year. This development is especially significant for ORERA, as the chairperson’s position in the Odisha Real Estate Appellate Tribunal (OREAT) has also been vacant since May. Stakeholders are concerned that prolonged vacancies in these critical roles could hinder the resolution of disputes among homebuyers, developers, and real estate projects.…

Latest StoriesRera

Odisha Government Starts Appointing New RERA Member

BHUBANESWAR: The Odisha state government has begun the process of appointing a new member (administration) to the Odisha Real Estate Regulatory Authority (ORERA), following a vacancy left by the sudden departure of the previous appointee, who was in the role for just under a year. This development is particularly important for ORERA, especially with the chairperson position in the Odisha Real Estate Appellate Tribunal (OREAT) remaining unfilled since May. Stakeholders are concerned that continued vacancies in key roles may hinder the timely resolution of disputes involving homebuyers, developers, and real estate projects. The member (administration) is one of three positions…

Latest StoriesRera

Odisha RERA Updates QPR Format for Real Estate Projects

BHUBANESWAR: The Odisha Real Estate Regulatory Authority (ORERA) has updated the quarterly progress report (QPR) format for real estate projects, correcting issues in the financial status pro forma that promoters must submit for registered projects. In an announcement made on Wednesday, ORERA noted that it identified certain errors in Pro forma-II(B), which pertains to the project’s financial status and requires certification by a chartered accountant. The authority has since rectified this form and advised updates to the corresponding section of ORERA 2.0. This latest directive follows an earlier modification made by ORERA on April 22, which altered the QPR format…