IndustryLatest Stories

Odisha to Introduce New Act for Urban Rental Housing Update

BHUBANESWAR: The state government is gearing up to introduce new legislation to regulate tenancy, including mandatory written agreements, security deposit caps, and the establishment of rent authorities and courts for expedited dispute resolution. The proposed Odisha Urban Area Rent Control Act, 2026, released by the housing and urban development department on Saturday, is set to replace the aging Orissa House Rent Control Act of 1967 and its amendments, marking a significant transformation in urban rental housing governance within the state. Notably, the draft does not stipulate how much rent landlords can charge; that is left to agreements between tenants and…