The Supreme Court has issued a series of directives to enhance the effectiveness of real estate regulatory authorities across the country, including the Odisha Real Estate Regulatory Authority (ORERA).
Real EstateReraSupreme CourtOreraRegulatory AuthoritiesReal EstateSep 16, 2025
The purpose of the Supreme Court's directives is to enhance the effectiveness of real estate regulatory authorities (RERA) by ensuring they are adequately staffed, have the necessary infrastructure, and follow standard operating procedures to regulate the real estate sector effectively.
Key requirements include conducting thorough diligence before approving projects, establishing standard operating procedures for escrow accounts, and registering residential transactions with local revenue authorities once a buyer has paid at least 20% of the property cost.
The registration of residential transactions with local revenue authorities aims to enhance transparency and protect vulnerable groups, such as senior citizens, by ensuring that transactions are properly documented and monitored.
RERA is the primary forum for addressing homebuyers' grievances, distinct from the Insolvency and Bankruptcy Code (IBC) and consumer forums. This role is intended to prevent overlapping proceedings and jurisdictional confusion.
The Union government is urged to conduct a consultative exercise to address ambiguities and fill legislative gaps, ensuring uniformity in RERA rules across the country.
Maharashtra Minister Uday Samant has assured PCNTDA residents that a decision will be made on freehold status without causing financial loss to the state government.
Biometric authentication, account takeover fraud, identity verification, facial recognition, fraud prevention
Mumbai, often dubbed the 'Billionaire Capital of Asia,' boasts a real estate landscape that mirrors its status as India's commercial and financial hub. From opulent mansions to sleek high-rises, the city is home to some of the most stunning and expensive
Kapil Sharma, the king of Indian comedy, has come a long way from his humble beginnings. Today, he owns luxurious properties and cars, and his net worth is estimated at Rs 300 crore. Explore his inspiring journey from rags to riches.
India's real estate sector is witnessing a significant boom, driven by robust economic growth, infrastructure improvements, and changing lifestyle trends. Mumbai and Delhi, in particular, are ranking among the fastest-growing luxury real estate markets in
MahaRERA has recently directed a real estate developer near Mumbai to disclose details about any pending litigation to the public. This highlights the importance of checking for legal issues before buying an apartment.