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ORERA fines a promoter in Odisha Rs 50 lakh for violating the Odisha Real Estate (Regulation and Development) Act, 2016 by sub-dividing and selling plots without proper registration. Case reveals misconduct and violations during plot sales. ....
The first association of allottees has been officially registered under the Odisha Apartment (Ownership and Management) Act of 2023, allowing apartment owners to clearly define their rights on their property. This landmark moment signifies the end of developer monopoly and empowers house owners. ....
Bhubaneswar: Implementation of the Odisha Apartment (Ownership and Management) Act-2023 has taken a backseat with many apartments in the state capital. ....
As per the data, there are about 1,116 residential buildings registered with the Odisha Real Estate Regulatory Authority (ORERA) so far out of which only 55 buildings have got the OCs, which does not consist of even 5% of the total registered buildings. ....