Tag: Odisha RERA

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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…

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Odisha HC’s Ruling Boosts Real Estate, Safeguards Homebuyers

BHUBANESWAR: Recent orders from the Orissa High Court, largely favoring homebuyers, are poised to transform the real estate landscape in Bhubaneswar. Experts believe this signals a decline in developer monopolies. The court issued a stay on the construction of an access road by a developer for his new project, responding to a plea from an allottee’s association from a major housing initiative at Paikarapur in Kalinga Nagar. The roadwork was reportedly undertaken within the common areas of the existing housing project. The developer was advancing the housing project in phases, a detail withheld from the original project owners. Allegations arose…

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Odisha RERA Asks Developers to Update Project Info Online

BHUBANESWAR: To keep homebuyers informed, the Odisha Real Estate Regulatory Authority (ORERA) has mandated that all registered developers upload and regularly update information regarding their housing and plotting projects on the new ORERA 2.0 website. The newly launched website serves as a comprehensive platform for homebuyers, allowing them to easily access the latest information about the projects in which they have invested their money. In a letter sent to developers, ORERA requested that they update essential details of their projects, such as construction milestones, booking statuses of available units, and specifics about site engineers and architects involved. ORERA has also…

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Planning Authorities to Notify Odisha RERA on Housing Approvals

BHUBANESWAR: The Housing and Urban Development Department has mandated that all planning authorities, including the Bhubaneswar Municipal Corporation, must notify the Odisha Real Estate Regulatory Authority (ORERA) regarding plan approvals for various housing and plotting projects. This step will facilitate ORERA’s follow-ups on developers’ activities. This initiative follows Prime Minister Narendra Modi’s recommendation during a Pragati review meeting for state governments to enhance ORERA’s effectiveness and ensure the enforcement of its orders for the benefit of homebuyers. Sources indicate that the ORERA chairperson recently communicated an eight-point agenda to the Chief Secretary aimed at reinforcing ORERA’s operations, including the requirement…

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Govt to Strengthen Odisha RERA Compliance and Enforce Rules

BHUBANESWAR: To enhance regulation in the real estate sector, the housing and urban development department will partner with the revenue and disaster management department to enforce the decisions made by the Odisha Real Estate Regulatory Authority (ORERA). This initiative emerged from a high-level meeting recently chaired by Chief Secretary Manoj Ahuja. The authorities have been directed to utilize the Odisha Public Demand Recovery (OPDR) Act to collect penalties from defaulters, ensuring adherence to ORERA’s guidelines. To strengthen real estate enforcement, particularly in Bhubaneswar, ORERA will conduct joint operations with the Bhubaneswar Development Authority (BDA) and the Bhubaneswar Municipal Corporation (BMC).…