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 EstateOreraReraOdishaTransparencyReal Estate NewsJul 02, 2025
The Real Estate (Regulation and Development) Act, 2016, is a law in India aimed at protecting homebuyers and promoting transparency, accountability, and efficiency in the real estate sector.
ORERA stands for Odisha Real Estate Regulatory Authority. It is the regulatory body established under the RERA Act to oversee and enforce real estate regulations in Odisha.
Key changes include real-time notifications to ORERA, integration with Bhulekh and SUJOG portals, monthly enforcement calendar, and institutionalized coordination meetings between ORERA, H&UD, and Revenue Departments.
The new measures will enhance transparency, ensure timely project completion, and provide better grievance redressal mechanisms, thereby protecting homebuyers' rights and interests.
Retired government servants can be hired for sanctioned posts in ORERA through open advertisements, bringing in experienced personnel to strengthen the regulatory framework.
The Maharashtra Real Estate Regulatory Authority has made it mandatory for developers to open three separate bank accounts for each project, ensuring financial discipline and transparency in the real estate sector.
Real Estate Sector Hails PMAY-U 2.0 Approval as a Significant Step Towards Affordable Housing
Shriram Properties Limited (SPL), a leading residential real estate developer, has signed a Joint Development Agreement for a prime land parcel in Undri, Pune. The project will feature a mixed-use development with over 650 residential units and commercial
The real estate market in Mumbai is booming, and it's not just the property investors who are taking notice. Bollywood celebrities are also eyeing some of the most luxurious penthouses, including one priced at a staggering Rs 120 crore. However, passing t
Mumbai's real estate market is on track to register 1,41,302 property registrations in 2024, marking an 11% increase from the previous year. The market is showing resilience and a growing preference for premium and spacious homes.
The Pune Municipal Corporation (PMC) has identified a significant number of properties owned by both the Central and State governments as tax defaulters. This includes 59 Central government properties and 287 State government properties, alongside private