Bhubaneswar: Odisha Real Estate Appellate Tribunal (OREAT) has dismissed a promoter’s appeal against an Odisha Real Estate Regulatory Authority (ORERA) order and upheld directions aimed at protecting the interests of apartment owners in a major residential project located in Patia.The tribunal, during a recent hearing, held that the promoter is statutorily bound to comply with…
Bhubaneswar: The state govt has initiated the process to appoint a new member (administration) in the Odisha Real Estate Regulatory Authority (ORERA), more than two months after the post fell vacant following the premature exit of the incumbent, who was appointed only about a year earlier. The development comes at a crucial time for ORERA,…
Bhubaneswar: The Odisha Real Estate Appellate Tribunal (OREAT) has set aside an Odisha Real Estate Regulatory Authority (ORERA) order and declared illegal a builder’s decision to cancel the allotment of an apartment in a premier housing project at Kalarahanga after receiving the buyer’s payment.The tribunal in its recent order directed the builder to raise a…
Bhubaneswar: The Odisha Real Estate Appellate Tribunal (OREAT) has set aside an earlier order directing a refund and instead instructed the builder of a major housing project in Phulnakhra to execute a sale agreement for a flat booked in 2018. The tribunal held that the builder’s cancellation was arbitrary and discriminatory.The tribunal passed the order…
