Tag: Odisha Real Estate Regulatory Authority

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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…

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SC directs states and UTs to enhance real estate agencies

BHUBANESWAR: The Supreme Court has issued important directives to enhance the functionality of real estate regulatory authorities throughout India, including the Odisha Real Estate Regulatory Authority (ORERA). The ruling in the case of Mansi Brar Fernandes vs Shubha Sharma and others, delivered on September 12, requires states and Union Territories to implement thorough measures to empower RERA bodies to effectively manage the sector. The SC’s directive underscores the necessity for adequate staffing and infrastructure within RERA authorities. Every RERA must include at least one member who possesses legal expertise or experience as a consumer advocate in real estate. This aims…

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Odisha RERA Issues Deadline for Quarterly Reports, Warns Action

Sure! Here’s a rewritten version of the content: BHUBANESWAR: The Odisha Real Estate Regulatory Authority (ORERA) has issued a final notice to promoters to submit their quarterly progress reports (QPR) for the April-June quarter by the end of this month. Previously, ORERA requested promoters to update their data and submit the QPR through its new platform, ORERA 2.0. However, only 64% of the projects have successfully uploaded their data thus far. ORERA has mandated that the reports be submitted by the end of July, either digitally or manually. “In line with prior instructions, particularly the ORERA letter dated June 18,…

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Govt Official to Lead Odisha RERA Meeting

BHUBANESWAR: A high-level meeting, chaired by Chief Secretary Manoj Ahuja, will address important issues related to the Odisha Real Estate Regulatory Authority (ORERA) on Wednesday, focusing on enhancing the authority’s operations. This marks the second meeting chaired by the Chief Secretary in recent weeks, following a leadership change at ORERA in June. The initial meeting took place on June 17, and this upcoming discussion will likely focus on the potential introduction of a regularization mechanism for pre-RERA apartments. The agenda, obtained by TOI, also covers discussions on access to private land and the approval process for using government land as…

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Odisha RERA Establishes CDR Cell for Dispute Resolution

BHUBANESWAR: The Odisha Real Estate Regulatory Authority (ORERA) has announced the establishment of a Conciliation and Dispute Resolution (CDR) cell at its office. This CDR cell aims to serve as a platform for distressed homebuyers and promoters to resolve disputes amicably, minimizing the need for prolonged legal battles. ORERA attempted a similar initiative in January of last year, but it was not operational due to a lack of government approval. This time, following approval from the housing and urban development department, the CDR cell has been officially notified. “In line with Section 32 (g) of the Real Estate (Regulation and…

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Odisha: Departments to Submit RERA Act Action Reports

BHUBANESWAR: The housing and urban development department is taking steps to enhance the Odisha Real Estate Regulatory Authority (ORERA). Specific tasks have been assigned to various government departments and agencies, along with deadlines for their completion. They have been asked to submit reports on their progress. In a communication to the agencies, Satish Chandra Singh, Joint Secretary of the housing and urban development department, noted that a high-level meeting, chaired by the Chief Secretary, was held on June 17 to address the implementation of the RERA Act of 2016. The Chief Secretary plans to hold another review meeting soon. Singh…

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Odisha RERA Reforms Boost Benefits for Buyers

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…