Real Estate
New Federation ODFED Takes Over Odisha’s Real Estate Sector
Leading real estate developers in Odisha have formed a new body, the Odisha Developers’ Federation (ODFED), to promote ethical practices and transparency in the industry.
real estate news
Odisha Developers’ Federation Launches to Promote Sustainable Real Estate Development
The Odisha Developers’ Federation (ODFED) was launched in Bhubaneswar with a mission to foster sustainable development and best practices in the state's real estate sector. ODFED aims to enhance collaboration between developers, government agencies, and stakeholders to address industry challenges and promote transparency.
real estate news
Odisha Government Mandates CC and OC for Real Estate Handovers
The Odisha Housing and Urban Development (H&UD) department has issued a notification, following a Supreme Court directive, mandating that realtors obtain a building’s Completion Certificate (CC) or Occupancy Certificate (OC) before handing possession over to buyers.
Real Estate
Odisha Government Enforces Strict New Rules for Real Estate Handovers
The Odisha government has introduced new regulations requiring real estate developers to obtain completion or occupancy certificates before handing over possession of buildings to buyers. This move, aligned with Supreme Court directives, aims to curb unauthorized constructions and ensure compliance with building standards.
Real Estate
Supreme Court Ruling on Occupancy Certificates May Impact Older Buildings in Odisha
A recent Supreme Court judgment upholding a Bombay High Court ruling on occupancy certificates (OCs) is likely to affect the real estate sector in Bhubaneswar and the state, as many older buildings lack necessary legal documents.
Real Estate
Odisha Government Launches Drive to Regularize Apartment Projects
The Odisha government has initiated a drive to regularize apartment projects that face hurdles due to deviations from sanctioned plans or lack of necessary approvals, aiming to provide relief to home buyers.
real estate news
Odisha Governor Encourages Real Estate Investment in Tier 2 & 3 Cities
Odisha Governor Hari Babu Kambhampati calls on real estate developers to invest in tier 2 and 3 cities to promote balanced urbanization and sustainable development. The EGM of Credai highlights the sector's growth and its potential contributions to the economy.
real estate news
Odisha Governor Urges Real Estate Developers to Invest in Tier-II, III Cities
Odisha Governor Hari Babu Kambhampati has called on real estate developers to focus on tier-II and tier-III cities to promote balanced urban growth and sustainable development in the state.
Real Estate
Odisha Governor Urges Real Estate Developers to Invest in Tier-II, III Cities for Balanced Growth
Bhubaneswar: Odisha Governor Hari Babu Kambhampati has urged real estate developers to expand their investments into tier-II and tier-III cities to promote balanced urbanisation and sustainable development across the state.
Real Estate
Odisha Government to Address Apartment Regularisation and RERA Issues with ORERA
The Odisha government is set to discuss apartment regularisation and Real Estate Regulatory Authority (RERA) issues with ORERA, aiming to resolve concerns over unauthorised constructions and legal hurdles.
Real Estate
Oriental Trimex to Streamline Operations by Divesting Land and Granite Unit
Oriental Trimex, a leading marble processor and importer, plans to divest land assets and a granite unit in Odisha to streamline operations and boost liquidity. The company is also set to commence quarry operations at its Black Granite mine.
Real Estate
Odisha Introduces Groundbreaking Real Estate Reforms to Enhance RERA Implementation
In a bold step to strengthen the Real Estate (Regulation and Development) Act, 2016 (RERA), the Odisha government has rolled out a series of comprehensive reforms aimed at boosting transparency, coordination, and enforcement in the real estate sector.
real estate news
Odisha Strengthens Real Estate Regulations: ORERA to Get More Teeth
In a bid to enhance transparency and enforcement, the Odisha government has introduced several measures to strengthen the Real Estate (Regulation and Development) Act, 2016. Real-time notifications to ORERA and a monthly enforcement calendar are among the key changes.
Real Estate
Odisha Government Reviews Approach Roads for Real Estate Projects in Bhubaneswar and Cuttack
The Odisha government has decided to review the permissions granted for approach roads to all real estate projects approved in Bhubaneswar and Cuttack over the past five years, following a major controversy involving a project's registration revocation.
real estate news
Odisha Seeks Simplified Building Plan Approval Rules
The Indian Institute of Architects (IIA), Odisha Chapter, has proposed amendments to the Odisha Development Authorities (Planning and Building Standards) Rules to ease the plan approval process for low-risk buildings and make construction regulations more people-centric.
real estate news
Residents in Bhubaneswar Protest Against Real Estate Developer for Illegally Occupying Common Areas
Residents of an apartment complex in Bhubaneswar have filed a complaint against the developer for forcibly occupying and altering common areas, sparking a legal battle and silent protests.
real estate news
Odisha Launches Affordable Housing Scheme for EWS and MIG Families in Bhubaneswar
The Odisha government has unveiled a new affordable housing scheme in Bhubaneswar, offering homes priced between ₹15 lakh and ₹50 lakh to economically weaker sections (EWS) and middle-income groups (MIG).
real estate news
Odisha Govt to Offer Affordable Houses in Bhubaneswar: Minister Mahapatra
In a significant move to address the housing crisis in Bhubaneswar, the Odisha government plans to construct and provide houses at affordable prices ranging from Rs 15 lakh to Rs 50 lakh. This initiative aims to benefit both low and middle-income groups amidst rising real estate costs.
Real Estate
OAS Officers Reassigned: New Roles in Real Estate and MSME Departments
The Odisha government has reassigned two OAS officers, Sravani Patnaik and Manashi Mandhata, to new positions in the Real Estate and Micro Small & Medium Enterprises Departments.
Real Estate
Odisha Appoints Manashi Mandhata as ORERA Secretary to Revive Real Estate Regulatory Body
The Government of Odisha has appointed Smt Manashi Mandhata as the new Secretary of ORERA, a significant step to reinvigorate the Odisha Real Estate Regulatory Authority (ORERA).