BHUBANESWAR: In an attempt to safeguard the interests of homebuyers, Odisha Real Estate Regulatory Authority (ORERA) has sought the intervention of the state govt in instructing planning authorities to abide by its provisions which mandates obtaining the consent of two-third of the allottees if any promoter intends...
representative imageBHUBANESHWAR: The Odisha Real Estate Regulatory Authority (ORERA) is heading towards a complete shutdown as its remaining two members are due to retire in May, raising concerns among homebuyers and developers across the state.The regulatory body was already functioning with reduced capacity...
representative imageBHUBANESHWAR: Flat buyers in two housing projects are facing a dilemma after the Odisha Real Estate Regulatory Authority (ORERA) revoked their registration certificates as the developer allegedly used patches of railway land for building approach roads.ORERA recently revoked the registration...
BHUBANESWAR: In a move to enhance transparency and accountability, the Odisha Real Estate Regulatory Authority (RERA) has announced the empanelment of specialised forensic audit firms to investigate projects suspected of irregularities or delays.The initiative comes as part of ORERA's broader mandate to protect the...
BHUBANESWAR: Odisha Real Estate Regulatory Authority (ORERA) has imposed a fine of Rs 62 lakh on a city-based realtor for not providing adequate car parking space to a homebuyer in a real estate project in Shankarpur area. This is the first time that ORERA imposed a fine over lack of car parking in any real estate...
Representative image BHUBANESWAR: Odisha Real Estate Regulatory Authority (ORERA) has asked all promoters to mandatorily submit the quarterly progress reports (QPR) and annual audit certificates, even if they receive the RERA registration in the middle of the year. ORERA issued the direction after noticing that...
BHUBANESWAR: In a landmark order, Odisha Real Estate Regulatory Authority (ORERA) on Saturday directed a realtor executing a mega housing-cum-commercial project at Phulnakhara on the city outskirts not to proceed with further bookings as it repeatedly failed to adhere to conditions specified in its registration...
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...