BHUBANESWAR: The Odisha Real Estate Appellate Tribunal (OREAT) recently passed a landmark order, while referring to Shakespeare’s infamous moneylender Shylock from The Merchant of Venice, and imposed a fine of Rs 10 lakh on a real estate developer.The tribunal, hearing the appeal of the promoter of...
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: 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...
Representaative image BHUBANESWAR: A city-based real estate developer was show-caused by the additional district magistrate (ADM) of Bhubaneswar for not complying with an order of the Odisha Real Estate Regulatory Authority (ORERA) to compensate aggrieved homebuyers in a 2019 case.According to sources, the builder...