Tag: ORERA

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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 RERA to Hire Land Expert for Dispute Resolution

BHUBANESWAR: To enhance governance, the Odisha Real Estate Regulatory Authority (ORERA) has begun the search for a land expert to help address complex disputes. This initiative follows the recent implementation of a standard operating procedure (SOP) by the revenue and disaster management department for the registration of part plots across the state. ORERA is currently accepting applications from retired Odisha Administrative Service (OAS) officers, particularly those with at least eight years of experience as tehsildars, sub-collectors, or land acquisition officers. The selected consultant, who should be under 62 years old, will assist ORERA in reviewing land documents, assessing building 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 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…