Tag: Odisha Real Estate Regulatory Authority

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Odisha REAT Upholds Penalty on Promoter for Uncertified Flats

BHUBANESWAR: The Odisha Real Estate Appellate Tribunal (OREAT) has dismissed an appeal from a local promoter and upheld the Rs 3 lakh penalty for delivering flats in the Gadakana housing project without the necessary occupancy certificate (OC) and failing to secure registration from the Odisha Real Estate Regulatory Authority (ORERA). This ruling was issued on March 6. The tribunal affirmed ORERA’s March 4, 2024, directive, which penalized the promoter for breaching Section 3(1) of the Real Estate (Regulation and Development) Act, 2016, which stipulates that all eligible projects must be registered before any sales or promotions occur. The tribunal also…

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OREAT Rejects Promoter’s Appeal on Ghatikia RERA Conditions

BHUBANESWAR: The Odisha Real Estate Appellate Tribunal (OREAT) has rejected an appeal from a developer contesting the conditions set by the Odisha Real Estate Regulatory Authority (ORERA) regarding the registration of phase III of a real estate project in Ghatikia. When issuing the registration certificate for the third phase, ORERA imposed two key conditions: the developer must not execute any sale agreements without re-validated building plan approval or an occupancy certificate, and they must refrain from any sale agreements until the Orissa High Court’s mandate for correcting land records is fully adhered to. The disagreement stems from discrepancies in revenue…

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Odisha Housing Minister Discloses ORERA Case Backlog

BHUBANESWAR: The Odisha Real Estate Regulatory Authority (ORERA) has registered a total of 4,334 cases against 714 builders since its establishment in 2017. Out of these, 1,028 cases are still pending resolution, as reported by Housing and Urban Development Minister Krushna Chandra Mahapatra in the state assembly. The minister addressed a question from MLA Mangu Khilla regarding ORERA’s operational effectiveness. Khilla also inquired about the government’s actions to enhance ORERA’s functions. Mahapatra stated that the government has increased staffing and oversight, but various external factors continue to obstruct timely justice for homebuyers. He indicated that procedural and legal hurdles, rather…

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Odisha RERA to Hold Weekly Meetings for Timely Project Registrations

BHUBANESWAR: The Odisha Real Estate Regulatory Authority (ORERA) plans to undertake visits to Chhattisgarh, Andhra Pradesh, and Telangana to study successful practices in the timely issuance of registration certificates for real estate projects. Additionally, ORERA will hold weekly meetings with its officials responsible for registration to discuss and resolve issues, ensuring that property registration certificates are granted within the mandated 30-day timeframe. This decision comes after ORERA received criticism for delays in issuing registration certificates, which are crucial documents affirming the authenticity of projects. The certificates are granted following a comprehensive review of land ownership and layout plans. While the…

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Over 70 Realty Projects Missed Registration Deadline: RTI Reply

Sure! Here’s a rewritten version of the content you provided: BHUBANESWAR: Concerns are rising among promoters and homebuyers due to delays in the issuance of registration certificates by the Odisha Real Estate Regulatory Authority (ORERA). An RTI response has highlighted significant lapses from the approved timelines. As per the Odisha Real Estate (Regulation and Development) Act, 2016, intended to safeguard homebuyers’ interests while regulating the sector, the authority is required to process registration applications within 30 days of receipt. Currently, many approvals are taking much longer than this timeframe. The RTI response indicated that 72 projects have yet to receive…

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Odisha RERA to Hire Civil Engineers for Buyer Protection

BHUBANESWAR: The Odisha Real Estate Regulatory Authority (ORERA) has started the recruitment of a civil engineer to conduct in-depth evaluations of various real estate projects. This initiative aims to protect the interests of homebuyers and enhance transparency. According to ORERA, the ideal candidate should have prior experience in the role of executive engineer within the roads and buildings division of the works department or similar roles in government or registered private agencies. In its official announcement, ORERA noted, “The selected engineer will perform field inspections as required by the authority in cities like Bhubaneswar, Berhampur, Balasore, Sambalpur, Rourkela, and other…

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Odisha REAT Ensures Homebuyer Rights in Realty Dispute

BHUBANESWAR: The Odisha Real Estate Appellate Tribunal (OREAT) has dismissed appeals from a public sector bank that sought to auction a real estate project in the city, where buyers have made significant investments. The bank’s appeal challenged a prior ruling from the Odisha Real Estate Regulatory Authority (ORERA) after the project promoters defaulted on loan repayments. The tribunal concluded that by initiating auction proceedings under the SARFAESI Act, 2002, the bank “stepped into the shoes of the promoter” and is required to assist in completing the halted housing project. This dispute originated from two separate complaints lodged by allottees of…

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Odisha RERA Updates Quarterly Report Formats for Agents

BHUBANESWAR: To bolster accountability and improve transparency in the real estate sector, the Odisha Real Estate Regulatory Authority (ORERA) has mandated a new format for quarterly progress reports (QPRs) from registered agents, in accordance with the Real Estate (Regulation and Development) Act, 2016. This initiative comes after an audit by the Directorate of Audit, Indirect Taxes and Customs, which highlighted significant non-compliance and insufficient data in quarterly submissions by agents. Starting from the quarter ending December 2025, agents will be required to provide detailed, transaction-level information. According to the ORERA directive, “The DG Audit, Indirect Taxes and Customs, Govt of…

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Odisha REAT Affirms Homebuyers’ Rights in Landmark Ruling

BHUBANESWAR: In a significant ruling that supports homebuyers’ rights, the Odisha Real Estate Appellate Tribunal (OREAT) has dismissed an appeal from a local promoter, affirming the allotment of a flat to a buyer and deeming its cancellation as arbitrary and unlawful. The case involved a flat in a multi-storey residential development in Brahmeswarpatna. The buyer had already paid over Rs 60 lakh of the total Rs 70.68 lakh but was denied possession after the promoter unilaterally canceled the allotment, citing delayed payments. However, the tribunal determined that the buyer had adhered to the payment schedule outlined in the registered sale…

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Odisha RERA Releases Guidelines for Easy Dispute Resolution

BHUBANESWAR: The Odisha Real Estate Regulatory Authority (ORERA) has released comprehensive guidelines to guarantee the effective operations of the Conciliation and Dispute Resolution (CDR) cell, which aims to facilitate amicable resolutions for conflicts involving homebuyers, promoters, and agents. These guidelines outline the responsibilities of ORERA and complainants regarding grievances, promoting efficient settlement of disputes under the Real Estate (Regulation and Development) Act, 2016, through various alternative dispute resolution methods. As stated, the CDR cell will address disputes between promoters, agents, and allottees within the Act’s scope when referred by ORERA or upon application from one party. “If the authority is…