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...
BHUBANESWAR: Grievance redressal for homebuyers is likely to be affected with the Odisha Real Estate Regulatory Authority (ORERA), which has three members, becoming completely defunct on Saturday, following the retirement of its third member — who was serving as the acting chairperson — on Friday.ORERA...
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...
BHUBANESWAR: Odisha Real Estate Regulatory Authority (ORERA) has made the uploading of occupancy and completion certificates of housing projects on its website mandatory for developers.The completion certificate is a legal document testifying that a building is constructed adhering to all set norms. The occupancy...
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: 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...