BHUBANESWAR: The state govt has initiated the process to appoint a new member (administration) in the Odisha Real Estate Regulatory Authority (ORERA), more than two months after the post fell vacant following the premature exit of the incumbent, appointed only about a year earlier.The development...
BHUBANESWAR: Odisha Real Estate Appellate Tribunal (OREAT) has dismissed a promoter’s appeal against an Odisha Real Estate Regulatory Authority (ORERA) order and upheld directions aimed at protecting the interests of apartment owners in a major residential project located in Patia.The tribunal,...
BHUBANESWAR: The state govt has initiated the process to appoint a new member (administration) in the Odisha Real Estate Regulatory Authority (ORERA), more than two months after the post fell vacant following the premature exit of the incumbent, who was appointed only about a year earlier. The...
BHUBANESWAR: The Odisha Real Estate Appellate Tribunal (OREAT) has set aside an Odisha Real Estate Regulatory Authority (ORERA) order and declared illegal a builder’s decision to cancel the allotment of an apartment in a premier housing project at Kalarahanga after receiving the buyer’s...
BHUBANESWAR: In the wake of recent updates made by United Nations Security Council (UNSC) sanctions committees to global watchlists of high-risk individuals and entities, Odisha Real Estate Regulatory Authority (ORERA) recently issued an order directing all registered agents to put in place...
BHUBANESWAR: The Odisha Real Estate Regulatory Authority (ORERA) has revised the quarterly progress report (QPR) format for real estate projects once again, this time rectifying errors in the financial status pro forma that promoters are required to submit for registered projects.In an order issued...
BHUBANESWAR: The Odisha Real Estate Appellate Tribunal (OREAT), in a recent ruling, has held that the Odisha Real Estate Regulatory Authority (ORERA) cannot retain the entire project registration fees in cases of rejection or delayed withdrawal and has termed such action arbitrary and lacking legal...
BHUBANESWAR: The Odisha Real Estate Appellate Tribunal (OREAT) has set aside an earlier order directing a refund and instead instructed the builder of a major housing project in Phulnakhra to execute a sale agreement for a flat booked in 2018. The tribunal held that the builder’s cancellation was...
BHUBANESWAR: The Odisha Real Estate Regulatory Authority (ORERA) has urged the state govt to grant it financial and administrative autonomy, citing operational bottlenecks that are impacting its ability to function effectively. The move follows a recent communication from the Union ministry of...
BHUBANESWAR: In a significant relief to homebuyers, landowners, and promoters across Odisha, the State Government has issued a Special Order to facilitate the registration of apartment units in projects completed prior to the implementation of the Real Estate (Regulation and Development) Act (RERA)...