BHUBANESWAR: Odisha Real Estate Appellate Tribunal (OREAT) has dismissed appeals filed by a public sector bank seeking to auction a real estate project in the city where buyers have made substantial investments.The bank had filed the appeal while challenging an earlier order of Odisha Real Estate...
BHUBANESWAR: To enhance accountability and streamline disclosures in the sector, the Odisha Real Estate Regulatory Authority (ORERA) has issued a directive under the Real Estate (Regulation and Development) Act, 2016, mandating a revised format for quarterly progress reports (QPRs) from registered...
BHUBANESWAR: In a ruling that reinforces the rights of homebuyers, the Odisha Real Estate Appellate Tribunal (OREAT) has dismissed an appeal filed by a city-based promoter, upholding the allotment of a flat to a buyer and declaring its cancellation as arbitrary and illegal.The case revolved around a...
BHUBANESWAR: In a move aimed at streamlining governance, the Odisha Real Estate Regulatory Authority (ORERA) has initiated the process to appoint a land expert to assist in resolving complex disputes. The development comes close on the heels of the revenue and disaster management department’s...
BHUBANESWAR: Odisha Real Estate Appellate Tribunal (OREAT) has dismissed an appeal by a city-based realtor challenging the applicability of RERA Act, 2016 to one of its residential projects in Andharua.The tribunal, during a recent hearing, upheld the Odisha Real Estate Regulatory Authority’s...
BHUBANESWAR: To ensure the smooth functioning of the conciliation and dispute resolution (CDR) cell, which aids in amicable resolution of issues between homebuyers, promoters and agents, the Odisha Real Estate Regulatory Authority (ORERA) has issued a detailed guideline.The guideline defines the...
BHUBANESWAR: Odisha Real Estate Regulatory Authority (ORERA) has issued a final directive to promoters registered with it to submit the quarterly progress report (QPR) for April-June quarter, declaring the status of their projects by the end of this month.Earlier, it had asked promoters to update the data and submit the...
BHUBANESWAR: Key issues concerning the Odisha Real Estate Regulatory Authority (ORERA) will come up for discussion in a high-level meeting to be chaired by chief secretary Manoj Ahuja on Wednesday, with the focus on strengthening the authority's functioning.This will be the second such meeting chaired by the chief...
BHUBANESWAR: Odisha Real Estate Regulatory Authority (ORERA) has notified the formation of a Conciliation and Dispute Resolution (CDR) cell at its office here. The CDR cell will be a platform for distressed homebuyers and promoters to amicably resolve disputes, thus, saving both parties from entering any further legal...
BHUBANESWAR: To strengthen the functionality of Odisha Real Estate Regulatory Authority (ORERA), the housing and urban development department, after assigning specific tasks to various agencies and govt departments with timelines, has asked them to submit action taken reports on the same.In a letter to the departments...