Government Tightens Real Estate Regulations, Enhances ORERA Compliance in Bhubaneswar
Bhubaneswar: In a significant move to tighten the regulation of real estate activities, the housing and urban development department will collaborate with the revenue and disaster management department to enforce the decisions of the Odisha Real Estate Regulatory Authority (ORERA). The decision was taken at a high-level meeting chaired by Chief Secretary Manoj Ahuja recently.
As per the decision, authorities have been instructed to invoke the Odisha Public Demand Recovery (OPDR) Act to recover penalties from defaulters, ensuring strict compliance with ORERA's directives. This move is aimed at curbing unauthorized real estate developments and ensuring that all projects adhere to the regulatory framework.
To bolster enforcement in the real estate sector, especially in Bhubaneswar, ORERA will conduct joint drives with the Bhubaneswar Development Authority (BDA) and the Bhubaneswar Municipal Corporation (BMC). A monthly enforcement calendar with specific, measurable targets will be developed and monitored by ORERA to ensure consistent action against unauthorized real estate developments.
The institutionalization of monthly coordination meetings among ORERA, the revenue and disaster management department, and the housing and urban development department was also approved during the meeting. These meetings are designed to streamline efforts and enhance communication between the departments involved in real estate regulation.
All district collectors and tehsildars have been instructed to identify and report unauthorized real estate developments to ORERA on a monthly basis. This will help in maintaining a comprehensive database of such activities and ensure that appropriate action is taken promptly.
The government's efforts to strengthen real estate regulations and enhance ORERA compliance are expected to bring about a more transparent and accountable real estate market in Bhubaneswar. This will not only protect the interests of homebuyers but also promote sustainable urban development.
