Real Estate
Supreme Court Demands BDA Explanation on Controversial OC for Odisha's First PPP Real Estate Project
The Supreme Court has summoned the Bhubaneswar Development Authority (BDA) to provide a detailed explanation regarding the occupancy certificate (OC) issued to Odisha’s first public-private partnership (PPP) real estate project, which has been embroiled in legal disputes. The next hearing is scheduled for November 7.
real estate news
Odisha RERA Launches CDR Cell for Swift Home Buying Dispute Resolution
The Odisha Real Estate Regulatory Authority (ORERA) has introduced a Conciliation and Dispute Resolution (CDR) cell to expedite the resolution of disputes between homebuyers and promoters, providing a faster and more cost-effective alternative to formal court proceedings.
Real Estate Maharashtra
Odisha RERA Launches CDR Cell for Swift Home-Buying Dispute Resolution
The Odisha Real Estate Regulatory Authority (ORERA) has established a Conciliation and Dispute Resolution (CDR) cell to provide a cost-effective and speedy resolution mechanism for home-buying disputes.
Real Estate
CESTAT Ruling: Odisha State Housing Board's Services Not Taxable
The Kolkata Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has ruled that the sale of application forms, tender papers, and publicity work by the Odisha State Housing Board are not taxable services.
Real Estate
BJD Leader Arrested for Rs 12 Crore Land Fraud in Odisha
The Economic Offences Wing (EOW) of Crime Branch has arrested BJD leader Dillip Kumar Nayak for allegedly defrauding businessman Bijay Rout of Rs 12.42 crore by promising plots and a joint real estate venture.
Real Estate
Odisha EOW Arrests BJD Leader in Rs 12.42 Crore Real Estate Fraud Case
The Economic Offences Wing (EOW) of Odisha Police has arrested a Biju Janata Dal (BJD) leader, Dillip Kumar Nayak, for allegedly duping a person of Rs 12.42 crore in a real estate investment scam.
real estate news
Odisha Police EOW Arrests BJD Leader in Rs 12.42 Crore Real Estate Fraud
The Economic Offences Wing (EOW) of Odisha Police has arrested a Biju Janata Dal (BJD) leader, Dillip Kumar Nayak, for allegedly defrauding Bijay Kumar Rout of Rs 12.42 crore in a real estate investment scheme.
Real Estate
EOW Arrests BJD Leader for ₹12.42 Crore Real Estate Fraud in Odisha
The Economic Offences Wing (EOW) of Odisha Police has arrested Biju Janata Dal (BJD) leader Dillip Kumar Nayak for allegedly duping a Cuttack-based businessman of over ₹12.42 crore in real estate investments and land deals.
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.