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.
ReraReal EstateOdishaOreraTransparencyReal EstateJul 02, 2025
The Real Estate (Regulation and Development) Act, 2016 (RERA) is a law enacted by the Indian government to regulate the real estate sector, protect homebuyers, and ensure transparency and accountability in real estate transactions.
ORERA stands for Odisha Real Estate Regulatory Authority. It is the regulatory body established under RERA to oversee and enforce the provisions of the Real Estate (Regulation and Development) Act, 2016 in the state of Odisha.
The key reforms include real-time notifications of project approvals, digital data-sharing protocols, integration with land records and SUJOG portals, enhanced enforcement mechanisms, and regular coordination meetings among departments.
These reforms will benefit homebuyers by ensuring greater transparency, accountability, and enforcement of RERA provisions. Homebuyers can expect more reliable and trustworthy real estate transactions, with better protection of their interests.
To address capacity gaps, ORERA will expedite recruitment for crucial posts such as Joint Secretary (Admin) and Deputy Secretary (Enforcement). Additionally, ORERA will be empowered to recruit retired government officials via open advertisements to fill vacant positions.
Brandon Miller, a prominent figure in the New York City real estate market, has died. Many are shocked and saddened by the news, which is believed to be a result of suicide.
Nielsen Media and its subsidiary Whats On Media have leased a massive 1.52 lakh sq ft office space in Commerze III, a project by Oberoi Realty, in Mumbai for a starting monthly rent of ₹3.87 crore.
The Election Commission of India has announced the dates for the Haryana and Jammu & Kashmir assembly elections. The polls will be held in a single phase on October 21, and the results will be declared on October 4.
In his latest book, 'Why the Heck Not?', KP Singh shares his bold vision, life philosophy, and valuable lessons from a successful career in real estate.
Lodha Group's ambitious projects in Kothrud, Pune, have not only revolutionized the real estate market but also revitalized the area, making it a sought-after destination. This transformation includes sanitizing and beautifying the streets to enhance comm
Pune, 2nd April 2025: Prabhat Road has emerged as the most expensive locality in Pune for land prices, reaching ₹86,710 per square meter (₹8,056 per square foot). Erandwane commands the highest flat prices, reflecting the city's dynamic real estate landscape.