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: 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...
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...
BHUBANESWAR: The housing and urban development department has asked all the planning authorities, including Bhubaneswar Municipal Corporation, to mandatorily inform Odisha Real Estate Regulatory Authority (ORERA) about the plan approvals they give to different housing and plotting projects.This will enable ORERA to...