Odisha Real Estate Developers Form New Federation, ODFED, After Exiting CREDAI
A group of leading realtors in Odisha have announced their disassociation from CREDAI and have formed a new body called the Odisha Developers Federation (ODFED). The new federation aims to promote ethical practices and sustainable development in the real estate sector.
Real EstateCredaiOdfedBhubaneswarDevelopersReal EstateSep 13, 2025
BHUBANESWAR: A group of leading realtors of the state on Friday announced their disassociation from CREDAI and formed a new body named Odisha Developer’s Federation (ODFED).
Unveiling the logo, president of the newly-formed body Pradipta Kumar Biswasroy said, “The federation is a reincarnation of CREDAI Bhubaneswar Foundation and serves as a vibrant platform for developers to come together, collaborate and contribute meaningfully to the growth of the state and its real estate sector.”
Biswasroy said most of the developers and stakeholders have withdrawn from CREDAI Bhubaneswar Foundation due to the apathetic attitude of the central CREDAI towards their grievances. These grievances included a ban on providing membership to unregistered realtors. “Preference for retaining only RERA registered builders was our major demand. However, the CREDAI authorities didn’t pay any heed to our grievances,” he stated.
He emphasized that the ODFED will adhere to all ethical practices to win the confidence of all property buyers. Apart from Biswasroy, Umesh Patnaik has been nominated as the secretary of the governing body of ODFED, while Suryakanta Nanda and Parthajeet Patnaik have been appointed as the vice-presidents. Siddharth Mohapatra is the treasurer.
ODFED members said the body will serve as a collective voice for developers across the state and advocate for policy reforms and ease of doing business. It will also promote ethical practices, transparency, and sustainable development of the real estate sector.
Meanwhile, CREDAI ruled out any irregularities and said the new body was formed by a group of realtors after the central CREDAI decided to have only one city chapter instead of two - CREDAI Bhubaneswar and CREDAI Bhubaneswar Foundation. “Efforts were initiated to find a solution to this amicably and later the central CREDAI took a decision to continue with one city chapter,” said CREDAI Odisha chairman DS Tripathy.
Frequently Asked Questions
What is ODFED?
ODFED stands for Odisha Developers Federation, a new body formed by leading realtors in Odisha after disassociating from CREDAI. It aims to promote ethical practices and sustainable development in the real estate sector.
Why did realtors in Odisha form ODFED?
Realtors in Odisha formed ODFED due to the apathetic attitude of the central CREDAI towards their grievances, including the ban on providing membership to unregistered realtors and the preference for retaining only RERA registered builders.
Who are the key leaders of ODFED?
The key leaders of ODFED include Pradipta Kumar Biswasroy as president, Umesh Patnaik as secretary, Suryakanta Nanda and Parthajeet Patnaik as vice-presidents, and Siddharth Mohapatra as treasurer.
What are the main objectives of ODFED?
The main objectives of ODFED are to serve as a collective voice for developers, advocate for policy reforms, promote ethical practices, ensure transparency, and support the sustainable development of the real estate sector.
What was CREDAI's response to the formation of ODFED?
CREDAI ruled out any irregularities and stated that the new body was formed by a group of realtors after the central CREDAI decided to have only one city chapter instead of two - CREDAI Bhubaneswar and CREDAI Bhubaneswar Foundation.
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