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...
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: Odisha Real Estate Regulatory Authority (ORERA) has initiated the process to induct a civil engineer, who is expected to carry out extensive verification of different real estate projects to safeguard homebuyers’ interests and establish transparency.According to ORERA, the civil...
BHUBANESWAR: The Odisha Real Estate Appellate Tribunal (OREAT) has dismissed an appeal filed by a city-based realtor and upheld an Odisha Real Estate Regulatory Authority (ORERA) order requiring the promoter to obtain the completion and occupancy certificates (OC) for its duplex project in...
BHUBANESWAR: Odisha Real Estate Appellate Tribunal (OREAT) has dismissed appeals filed by a public sector bank seeking to auction a real estate project in the city where buyers have made substantial investments.The bank had filed the appeal while challenging an earlier order of Odisha Real Estate...
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...