BHUBANESWAR: As many as 4,334 cases were registered against 714 builders with the Odisha Real Estate Regulatory Authority (ORERA) ever since its inception in 2017 and of those, 1,028 cases remained pending for resolution, according to a recent reply by housing and urban development minister Krushna...
BHUBANESWAR: Odisha Real Estate Regulatory Authority (ORERA) has decided to make exposure visits to Chhattisgarh, Andhra Pradesh and Telangana to learn the best practices adopted by the neighbouring states in the timely grant of registration certificates to realty projects.The authority also decided...
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: 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: 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...
BHUBANESWAR: Besides the Apartment Ownership Act, the recent reforms brought by Odisha Real Estate Regulatory Authority (ORERA) have the potential to protect homebuyers' interests, along with bringing changes in the authority's operational framework amid a growing real estate market. One of the key reforms has been the...
BHUBANESWAR: In an effort to tighten the regulation of real estate activities, the housing and urban development department will collaborate with the revenue and disaster management department to enforce the decisions of Odisha Real Estate Regulatory Authority (ORERA).The decision was taken at a high-level meeting...