Govt to enforce real estate regulations, strengthen ORERA compliance
The decision was taken at a high-level meeting chaired by chief secretary Manoj Ahuja recently. As per the decision, authorities have been asked to invoke the Odisha Public Demand Recovery (OPDR) Act to recover penalties from defaulters, ensuring compliance with ORERA's directives.
To bolster enforcement in the real estate sector, especially in Bhubaneswar, ORERA will conduct joint drives with Bhubaneswar Development Authority (BDA) and Bhubaneswar Municipal Corporation (BMC).
"A monthly enforcement calendar with specific, measurable targets will be developed and monitored by ORERA to ensure consistent action against unauthorised real estate developments," read the minutes of the meeting.
The institutionalisation of monthly coordination meetings among ORERA, the revenue and disaster management department, and the housing and urban development department was also approved during the meeting.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Esse novo alarme com câmera é quase gratuito em Santa Luzia (consulte o preço)
Alarmes
Undo
These measures aim to streamline efforts and enhance communication between the departments involved in real estate regulation. All district collectors and tehsildars have been instructed to identify and report unauthorised real estate developments to ORERA on a monthly basis.
Get the latest lifestyle updates on Times of India, along with
Doctor's Day 2025
,
messages
and quotes!
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
37 minutes ago
- Time of India
Bihar CM announces cash incentives for youth up to Rs 6,000 ahead of crucial state polls; Check details
Ahead of crucial state elections, Bihar Chief Minister Nitish Kumar announced cash incentives for the youth, with Class 12th getting Rs 4000, ITI or diploma holders will be given Rs 5000, and graduates or postgraduates undertaking internships will be given a monthly amount of Rs 6000. Additionally, one lakh youth from the state will be provided internships in various institutions from 2025-26 to 2030-31. "I am pleased to inform that under the 7 Nischay-2 initiative , the Cabinet has approved and sanctioned funds for the implementation of the 'Chief Minister-Promotion of Readiness, Awareness and Technical Insights for Guiding Youth Advancement' scheme to provide Bihar's youth with advanced skills, better employability, leadership development, strong networking, and new opportunities for career enhancement. This scheme will prove useful for the youth in shaping their future. Under this scheme, trained youth who have passed the 12th Class will be given Rs 4000, ITI or diploma holders will be given Rs 5000, and graduates or postgraduates undertaking internships will be given a monthly amount of Rs 6000. One lakh youth from the state will be provided internships in various institutions from 2025-26 to 2030-31," said Nitish Kumar. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If you have a mouse, play this game for 1 minute Navy Quest Undo
Indian Express
an hour ago
- Indian Express
HC notes ‘egregious misuse' of Delhi Rent Control Act, says ‘well-off tenants…unjustly occupy premises paying pittance for rent'
The Delhi High Court observed on Wednesday that the Delhi Rent Control (DRC) Act, 1958 sees an 'egregious misuse of an anachronistic piece of legislation' where well-off tenants 'unjustly' occupy premises paying a pittance as rent while the landlords are forced into 'impecunious and desperate circumstances'. The Delhi High Court was dealing with petitions challenging the 2013 orders by the additional rent controller (ARC) that had dismissed eviction petitions by the UK- and Dubai-based owners of a property in Sadar Bazar, ruling in favour of the tenants. The petitioners had sought eviction of the premises on the ground that they run two restaurants in London and bona fide require the subject premises for expanding the business in India. The ARC, while ruling against the petitioners, had recorded that they are settled-in and are running their businesses in London and Dubai respectively, and that the petitioners did not require the premises for their 'subsistence or survival'; and therefore their bonafidé requirement did not amount to being an 'actual need'. The ARC had also reasoned that the premises were too small to run a sit-in restaurant from. Justice Anup Bhambhani, setting aside the ARC's orders, recorded that 'the financial well-being of a landlord, or the financial ill-health of a tenant, are not relevant considerations while deciding an eviction petition under section 14(1)(e) of the DRC Act'. The court further recorded that the ARC's view that the petitioners' need is not bona fide 'is wholly uncalled-for and illegal'. '…whether they are able to run a full-fledged, sit-down restaurant or a smaller food take-away vend is entirely the petitioners' prerogative; and the bona-fidés of their requirement cannot be discounted based merely on the learned ARC's assessment of whether a food business can be run from the subject premises. This view taken by the learned ARC is flawed…,' Justice Bhambhani observed. On a parting note, allowing the petitioners to evict the tenants, Justice Bhambhani noted, 'This court is compelled to record, that while manning the Rent Control Roster it has found that cases abound where very well-off tenants enjoying financial prosperity persist in unjustly occupying premises for decades on-end, paying pittance for rent, while in the process their landlords are forced into impecunious and desperate circumstances, resulting from egregious misuse of an anachronistic piece of legislation, namely the Delhi Rent Control Act, 1958.'
Time of India
an hour ago
- Time of India
US Dollar has worst start since 1973 - key reasons behind the stunning slide
The US dollar is plunging to levels not seen since 1973 due to US president Donald Trump's trade policy, which has sparked concerns among investors worldwide, as per the report. Dollar Index Drops Over 10% in 2025 The dollar index, which measures the currency's strength against a basket of six others, which includes the pound, euro and yen, has dropped over 10% so far this year, reported Financial Times. It is the worst start to the year since the end of the gold-backed Bretton Woods system, as per the report. Donald Trump's Tariff Wars and Debt Concerns Weigh on US Dollar An FX strategist at ING, Francesco Pesole, explained that, 'The dollar has become the whipping boy of Trump 2.0's erratic policies,' as quoted in the report. He even pointed out at Trump's stop-start tariff war, the US's vast borrowing needs and worries about the independence of the Federal Reserve had undermined the appeal of the dollar as a safe haven for investors, as quoted by the Financial Times. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration -:-:- Loaded : 0% 0:00:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - -:-:- 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas Prices In Dubai Might Be More Affordable Than You Think Villas In Dubai | Search Ads Get Quote Undo ALSO READ: Amazon CEO reveals which jobs are next to go after 27,000 layoffs — is yours on the list? The currency was down 0.2% on Monday as the US Senate had prepared to start voting on amendments to Trump's 'big, beautiful' tax bill, which is expected to add $3.2 trillion to the US debt pile over the coming decade and has fuelled concerns over the sustainability of Washington's borrowings, sparking an exodus from the US Treasury market, as reported by the Financial Times. Live Events The US dollar's massive fall marks its worst first half of the year since a 15% decline in 1973 and the weakest showing over any six-month period since 2009, according to the report. Chief investment officer for global fixed income at bond group Pimco, Andrew Balls, pointed out to the US president's 'Liberation Day' tariffs he announced in April, saying, 'You had a shock in terms of liberation day, in terms of the US policy framework,' as quoted in the report. Balls highlighted that there was no significant threat to the dollar's status as the world's de facto reserve currency, but that 'doesn't mean that you can't have a significant weakening in the US dollar', as quoted by Financial Times. He even pointed out the shift among global investors to hedge more of their dollar exposure, an activity which itself drives the greenback lower, as per the report. ALSO READ: Dakota Johnson & Chris Martin split, sources say his dependence drove them apart Expectations of Fed Rate Cuts Another reason pushing the dollar lower this year is due to the increasing expectations that the Fed will cut rates more aggressively to support the US economy, which Trump has constantly been urging, according to the Financial Times. Futures contracts show that at least five quarter-point cuts are expected by the end of next year, according to the report. Increased Hedging Prevents Dollar Rally While, ING's Pesole also pointed out that, 'Foreign investors are requiring greater FX hedging for dollar-denominated assets, and that has been another factor preventing the dollar from following the US equity rebound, as quoted by the Financial Times. ALSO READ: Trump's Big, Beautiful Bill gets brutal reviews from Americans, polls show it's deeply unpopular Analysts Predict Slower Decline Ahead Chief market strategist at insurance group Zurich, Guy Miller, predicted that, 'A weaker dollar has become a crowded trade, and I suspect the pace of decline will slow," as quoted in the report. FAQs Why is the US dollar falling so sharply right now? Mainly because of Trump's unpredictable trade policies, rising US debt, and expectations that the Federal Reserve will cut interest rates. How bad is this drop compared to history? It's the worst start to a year since 1973 and the biggest six-month drop since 2009.
