BHUBANESWAR: State govt has initiated the process to appoint a new chairperson of Odisha Real Estate Regulatory Authority (ORERA) after the premature exit of Siddhanta Das, who left the post on Feb 28.The housing and urban development department has issued a letter to the principal secretary of law department,...
BHUBANESWAR: In yet another stern action, the Odisha Real Estate Regulatory Authority (ORERA) has imposed a fine of Rs 1 crore on a developer for allegedly taking a booking amount of Rs 1 lakh from a homebuyer without obtaining the registration certificate from ORERA.Hearing the case suo motu, a three-member bench...
BHUBANESWAR: Some city-based developers have alleged that the Odisha Real Estate Regulatory Authority (ORERA) is passing "arbitrary" orders without forming an appropriate bench.ORERA recently heard a case suo motu regarding a real estate project in Phulnakhara, and passed an order stating that the realtor cannot...
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...
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...
BHUBANESWAR: Odisha Real Estate Regulatory Authority (ORERA) has issued a list of 57 promoters who have failed to pay penalties of over Rs 6 crore imposed on them for violating different provisions of the Odisha Real Estate (Regulation and Development) Act, 2016.As per ORERA records, over Rs 6.89 crore in fines was...