The Housing & Urban Development Department, Government of Odisha, has released the Odisha Real Estate (Regulation & Development) Rules, 2017, which are to be followed by all the real estate developers & builders, and real estate agents in the state. These rules lay down the information and documents which are to be submitted by the agents and developers alike, at the time of registration.
These rules also make it mandatory for the developers to update the information about their projects regularly on the Odisha RERA portal. Furthermore, as per the Act, a grievance redressal mechanism will be set up by the state RERA which will not only protect the interests of customers but also provide them with the platform to file complaints against the parties that have wronged them, and seek compensation. An Appellate Tribunal will also be set up in the state whose sole function will be to hear pleas against the verdicts of Odisha RERA.
It goes without saying that RERA Odisha will bring in the much-needed transparency, accountability and control in the real estate sector in the state.
All real estate developers & builders are required by law to register their current and upcoming projects with RERA Odisha. A comprehensive guide for the same, including the documents and forms to be furnished, has been published by the State Government. However, as a general rule of thumb, the following information and the corresponding documents will have to be submitted at the time of registration:
These documents will have to accompanied by the duly filled ‘Form A’ and ‘Form B’ and the registration fee, as specified in the rules from time to time.
Real Estate Agents in Odisha are required to register with RERA and they need to furnish the following information and documents:
These documents too, need to be submitted with the duly filled ‘Form E’. A registration fee has to be paid either through a Demand Draft or online payment, and the amount for the same will be specified by the regulations.
Similarly, if you are looking to file a complaint with RERA, be it with the Adjudicating Official, Authority or the Appellate Tribunal, you will be required to pay the respective fee with the duly filled form.
Before commencing the registration process, it is recommended that you go through the rules carefully and understand the documents required.
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