Tag: Odisha

Latest StoriesResidential

Odisha Cabinet Approves Lower Stamp Duty for EWS Housing

BHUBANESWAR: The state cabinet has approved a significant reduction in stamp duty and registration fees for the Economically Weaker Section (EWS) beneficiaries of Pradhan Mantri Awas Yojana-Urban (PMAY-U) 2.0 and other state affordable housing schemes. This decision is aimed at alleviating financial burdens. In accordance with the guidelines from the Union housing ministry, states are expected to limit these charges to below 1% for dwelling units up to 60 sqm under PMAY-U 2.0. Currently, stamp duty and registration fees in Odisha vary between 6% and 7%. With the new provision, these fees will be lowered to between 0.6% and 0.7%,…

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110+ Developers Receive Odisha RERA Notices for Missing Reports

BHUBANESWAR: The Odisha Real Estate Regulatory Authority (Orera) has issued show-cause notices to 113 developers due to their failure to submit mandatory quarterly progress reports (QPRs). As mandated by the Real Estate (Regulation and Development) Act, 2016, all registered promoters are required to submit QPRs, detailing the current status of their projects, including construction timelines and financial information such as funds received from allottees and their usage. Orera warns that non-compliance with the Act and its provisions—such as not updating QPR data on project websites—could lead to penalties of up to 5% of the project’s estimated cost. Developers who do…

Latest StoriesResidential

Odisha Flat Owners Face ₹50,000 Stamp Fee for Common Areas

BHUBANESWAR: In an effort to simplify apartment registrations, the state government announced amendments to the Indian Stamp Act, 1899, via an ordinance on Thursday. This initiative aims to alleviate the financial pressures on apartment owners’ associations and eliminate procedural obstacles. The announcement, published in the Odisha Gazette, follows the state cabinet’s green light earlier this January. The amendments are expected to streamline the registration process under the Odisha Apartment (Ownership and Management) Act, 2023, while protecting government revenue. With this ordinance, the framework for implementing the amended stamp duty is now in place. Under the 2023 Act, developers are obliged…

Latest StoriesRera

Experts and Homebuyers Embrace RERA Act Jail Term Change

BHUBANESWAR: Real estate professionals and homebuyers in Odisha have expressed approval of the Central government’s decision to replace imprisonment for non-compliance with tribunal orders under the Real Estate (Regulation and Development) Act, 2016 (RERA) with monetary fines. Legal and real estate specialists have described this change as part of a larger initiative to decriminalize business regulations and alleviate the pressures on courts. “This amendment aligns RERA with the government’s broader goal of easing the legal landscape for minor offenses, facilitating a better living and business environment,” stated real estate expert Bimalendu Pradhan. On May 7, the Ministry of Housing and…

Latest StoriesResidential

Odisha Tops India in PMAY-U 2.0 Housing Completions

BHUBANESWAR: Odisha has secured the top position in the nation for successful housing completions under the Pradhan Mantri Awas Yojana-Urban (PMAY-U 2.0), maintaining its rank since March 2025, according to officials. Since its launch in September 2024, PMAY-U 2.0 has seen Odisha consistently making strides in offering affordable housing solutions to urban beneficiaries. Between March 2025 and March 2026, the state achieved the highest number of completed houses compared to other states. Official statistics indicate that 24,625 houses have been approved under PMAY-U 2.0 in Odisha to date, with 23,464 sites geo-tagged. Construction has commenced for 3,134 houses, and 2,008…

IndustryLatest Stories

Bhubaneswar Body Issues SOP for Land Reconstitution

Representative AI image BHUBANESWAR: The Bhubaneswar Development Authority (BDA) has unveiled a draft Standard Operating Procedure (SOP) for the reconstitution of land parcels under town planning schemes 42 to 45 in Zone IV. BDA officials explained that this initiative aims to create a transparent framework for the fair distribution of reconstituted plots, prioritizing maximum benefits for landowners. “A key element of the draft SOP is the provision for voluntary amalgamation of plots within the same mouza (a designated area under a tehsil). Landowners who combine their holdings will receive 60% of the total land area after a standard 40% deduction.…

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Odisha RERA Permits Hard Copy Submissions for Offline Projects

BHUBANESWAR: The Odisha Real Estate Regulatory Authority (ORERA) has revised the quarterly progress report (QPR) formats for builders, now allowing hard-copy submissions for offline-registered projects, moving away from the previous online-only system. These new formats, recently announced, will take effect starting from the quarter ending June 2026. Officials believe this change will enhance transparency, accuracy, and compliance tracking as per the Odisha Real Estate (Regulation and Development) Act 2016 (RERA). Under the new guidelines, projects registered offline, though limited in number, will submit QPRs in physical format, while the majority of online-registered projects will continue to file reports digitally via…

InfrastructureLatest Stories

Odisha: 244 Acres for Jeypore Airport Expansion

KORAPUT: The state government is progressing with plans to upgrade Jeypore Airport, which is anticipated to boost regional connectivity and stimulate economic growth in southern Odisha. Jadumani Nayak, the sub-collector of Jeypore, announced that approximately 244 acres have been identified across three villages for acquisition to elevate the airport from Category 2B to 3C. A detailed land schedule has been submitted to the government for notification, and the acquisition process will commence upon approval. Jeypore Airport, which commenced operations on October 31, 2022, under the UDAN regional connectivity scheme, currently facilitates two nine-seater flights daily between Bhubaneswar and Jeypore, in…

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Kantabada Panchayat Opposes BDA Housing Project in Odisha

BHUBANESWAR: In a landmark move, the Kantabada panchayat has turned to the Odisha Real Estate Appellate Tribunal (OREAT) to contest the Bhubaneswar Development Authority’s (BDA) approval of a private housing project, claiming it encroaches on the panchayat’s jurisdiction without proper authority. The tribunal supported the panchayat’s appeal, reversing an earlier decision by the Odisha Real Estate Regulatory Authority (ORERA) that had dismissed the grievance on the grounds of maintainability. OREAT determined that the definition of “aggrieved person” under RERA should not be limited solely to allottees, promoters, or real estate agents. The conflict revolves around a three-storey residential development comprising…

Latest StoriesResidential

Odisha Registers 7,037 Flats in Three Years: Revenue Minister

Representative image BHUBANESWAR: The revenue and disaster management department has recorded 7,037 flat registrations across Odisha over the past three years. This initiative has enhanced legal ownership for buyers and improved the government’s land records system, according to a recent assembly statement. During the 2024 financial year, a peak of 4,712 flats were registered. However, this number fell sharply to only 593 in 2025, as noted by Revenue Minister Suresh Pujari in his written response to the assembly. Data indicates that 1,732 flats were registered in 2023, followed by a significant increase in 2024, largely due to greater compliance and…