ORERA – Odisha Real Estate Regulatory Authority

Odisha Real Estate Regulatory Authority has been established with effect from 7^th October 2017 in accordance with the provision under Section-30 of the Real Estate (Regulation and Development) Act 2016 enacted through Parliamentary legislation coming into force with effect from 1st May 2017. The Act is designed to regulate and promote, real estate sector through a quasi-judicial institutional mechanism of the Authority. The mandate entrusted to the Authority is to bring in transparency in the real estate sector transactions with primary focus on protecting the interest of consumers. The Act, inter alia, provides:

• Mandatory registration of every real estate project (apartments, group housing, plotted scheme etc) with the Authority prior to advertisement, formally or informally vide Section-3 of the Act. Government of Odisha has now banned registration of sale deed of real estate project in the absence of registration of the Property with the Authority.
• Mandatory disclosure, to the Authority and public, of all the details of the property including approved building plan, layout plan, land details with encumbrances, if any, etc.