Latest StoriesResidential

OSHB, BDA Allocate 1,600+ Plots in Bhubaneswar

BHUBANESWAR: The Odisha State Housing Board (OSHB) and the Bhubaneswar Development Authority (BDA) have collectively allocated over 1,600 plots and homes under various housing schemes in the capital over the past thirty years. In response to a question from legislator Manorama Mohanty, state housing and urban development minister Krushna Chandra Mahapatra shared this information in the assembly. The OSHB has allocated 692 plots and houses in two significant schemes. Among these, 460 units under MIG and HIG categories were distributed in the Satyasai Enclave scheme at Mouza Aiginia, while 232 HIG units were granted under the Dharma Vihar scheme at…

Latest StoriesResidential

Bhubaneswar: Plot Handover in Vasudev Vihar Delayed for Buyers

Representative AI image BHUBANESWAR: Progress in handing over the plots in the Vasudev Vihar scheme has been slow, with the Odisha State Housing Board (OSHB) yet to finish their development. In April 2022, OSHB, a state agency under the housing and urban development department, advertised the property comprising 166 plots of various sizes in Jagannathpur mouza, with bookings concluding in May 2022. The allotment procedure, initiated through a lottery system, was expected to conclude by December 2023, although the handover has yet to occur. Many buyers, primarily retired government employees, are eagerly waiting to take possession of the plots where…

Latest StoriesRegulatory

SC calls Bhubaneswar development body on certificate issuance

BHUBANESWAR: The Supreme Court has summoned the Bhubaneswar Development Authority (BDA) to explain the controversial occupancy certificate (OC) issued for Odisha’s first public-private partnership (PPP) real estate project. The project, initiated by the Odisha State Housing Board (OSHB), is currently facing legal and regulatory issues that raise serious questions about compliance and governance in the state’s real estate landscape. As per the case details, the project has been embroiled in a lengthy legal battle due to alleged fraudulent activities and regulatory failures. A timeline of events shows numerous missteps and disputes. In 2018, the builder started handing over possession without…