BHUBANESWAR: The state govt has initiated the process to appoint a new member (administration) in the Odisha Real Estate Regulatory Authority (ORERA), more than two months after the post fell vacant following the premature exit of the incumbent, who was appointed only about a year earlier. The...
BHUBANESWAR: The Odisha Real Estate Appellate Tribunal (OREAT) has set aside an Odisha Real Estate Regulatory Authority (ORERA) order and declared illegal a builder’s decision to cancel the allotment of an apartment in a premier housing project at Kalarahanga after receiving the buyer’s...
BHUBANESWAR: In the wake of recent updates made by United Nations Security Council (UNSC) sanctions committees to global watchlists of high-risk individuals and entities, Odisha Real Estate Regulatory Authority (ORERA) recently issued an order directing all registered agents to put in place...
BHUBANESWAR: The Odisha Real Estate Regulatory Authority (ORERA) has revised the quarterly progress report (QPR) format for real estate projects once again, this time rectifying errors in the financial status pro forma that promoters are required to submit for registered projects.In an order issued...
BHUBANESWAR: In a significant relief to homebuyers, landowners, and promoters across Odisha, the State Government has issued a Special Order to facilitate the registration of apartment units in projects completed prior to the implementation of the Real Estate (Regulation and Development) Act (RERA)...
BHUBANESWAR: Odisha Real Estate Regulatory Authority (Orera) has issued show-cause notices to 113 developers for failing to file mandatory quarterly progress reports (QPRs).Under the Real Estate (Regulation and Development) Act, 2016, submission of QPRs is a statutory requirement for all registered...
BHUBANESWAR: The Odisha Real Estate Regulatory Authority (ORERA) has modified the quarterly progress report (QPR) formats for builders and allowed hard-copy submission for offline-registered projects, doing away with the only online filing system earlier.The revised formats, notified recently, will...
BHUBANESWAR: The Odisha Real Estate Appellate Tribunal (OREAT) has dismissed an appeal filed by a promoter challenging the conditions imposed by Odisha Real Estate Regulatory Authority (ORERA) on the registration of phase III of his real estate project in Ghatikia. ORERA, while issuing the...
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: Chief Justice of India Surya Kant on Thursday issued a sharp rebuke to states over the functioning of the Real Estate Regulatory Authorities (RERAs), saying most of them “became rehabilitation centres for retirees” instead of institutions meant to protect homebuyers.He said states...