Real estate expert Bimalendu Pradhan highlights that many apartments in the city lack the necessary occupancy certificate, which can complicate the sale deed registration process. Odisha is taking steps to amend these laws to make the process smoother for
Real EstateProperty RegistrationOdishaOccupancy CertificateReal Estate ReformsReal Estate MaharashtraNov 27, 2024
An occupancy certificate is a document issued by the local municipal authority that legalizes the occupancy of a building. It is essential for property transactions, as it confirms that the building meets the necessary safety and regulatory standards.
The Odisha government is proposing to simplify the documentation process, reduce approval times, and make it easier to obtain occupancy certificates. They are also introducing penalties for non-compliance with building regulations.
The new laws will make the property registration process more transparent and efficient, reducing legal complications and delays. This will boost confidence in the market and protect the interests of both buyers and sellers.
Some stakeholders are concerned that the success of the reforms will depend on how effectively they are implemented. Adequate oversight and support are necessary to prevent any loopholes and ensure compliance.
The Odisha government plans to introduce the amendments in the next legislative session. Stakeholders are encouraged to provide feedback and suggestions to ensure the laws are comprehensive and effective.
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