Buyer consent: ORERA seeks govt action on promoter violation
Odisha Real Estate Regulatory Authority
(ORERA) has sought the intervention of the state govt in instructing planning authorities to abide by its provisions which mandates obtaining the consent of two-third of the allottees if any promoter intends to take up any revision work or alteration in a housing project.The request was made by the authority upon revelation that many promoters have been overlooking this important provision of RERA and fraudulently obtaining approval for revised building plans from the planning authorities.
This is resulting in homebuyers being kept in the dark, as they are unaware of the changes being made in the projects they had invested in.As per the Odisha Real Estate (Regulation and Development) Act of 2016, for any alteration or addition in the sanctioned plans, layout plans, and specifications of the buildings or common areas, developers need to obtain the written consent of at least two-third of the allottees, other than the promoter.In a letter to Usha Padhee, principal secretary to the housing and urban development department, ORERA chairperson (in-charge) Gopal Chandra Patnaik stated that the planning authorities often sanction plans for real estate projects where the project road is constructed on govt land, endowment land, or railway land, which is not permissible by law."Recently, we found while issuing a registration certificate for a project, that the planning authorities wrongly approved plans where the land for the approach road to the project passes through land belonging to a third party. This will cause serious problems in the future for homebuyers, and they are likely to be landlocked without access to their project," the letter read.Patnaik said it is being observed that the planning authorities are not verifying documents regarding obtaining consent of two-third of the allottees in case of any such revision in the building plan by promoters, citing that there is no such provision in the Odisha Development Authority (ODA) Act."Needless to say, the RE (R&D) Act, 2016, has overriding effects on the ODA Act. Therefore, the planning authorities have to be suitably instructed to follow the mandatory provision of two-third consent of allottees while giving approval to a revised plan of the real estate projects in the jurisdiction of the development authority," Patnaik wrote.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
an hour ago
- Business Standard
Tender committee set up to evaluate contracts related to election processes
The Maharashtra government has constituted a Tender Evaluation Committee for services under the Representation of the People Act 1950. As per a government resolution (GR) issued on July 4, the panel has been formed to ensure transparency and efficiency in the evaluation of bids for services done through the office of the Chief Electoral Officer. The decision, which was taken on June 17 and formalized through the GR, aligns with the administrative procedures mandated under the Act and aims to streamline the technical scrutiny process for contracts associated with electoral processes, officials said. The GR, published on the state government's official portal, outlines the committee's mandate to evaluate the eligibility and compliance of various service providers participating in the bidding process. "The aim is to establish a fair and methodical evaluation of bids to ensure services like updating electoral rolls are procured through a transparent and competent process," the GR said. The 5-member committee will be headed by the joint chief electoral officer and will examine bids for technical and financial feasibility, infrastructure capacity, past experience, and compliance with electoral laws. The move comes ahead of the local body elections scheduled later this year.
News18
an hour ago
- News18
Volkswagen Tiguan R-Line Gets Massive Discount In India, Becomes Affordable Than Ever
Last Updated: According to the details, interested customers can now purchase the model with benefits of up to Rs 3 lakh, and can enjoy a flat cash discount of Rs 2 lakh. Sound interesting now? Ever since Volkswagen launched the sporty avatar of the Tiguan as R-Line in India, the model has not got the response the company expected. Despite having an aggressive design and performance, the model struggles to capture the target audience. In order to get the masses, the company has listed the vehicle at a discount price range, making it super affordable for the customers. Massive Discount According to the details, interested customers can now purchase the model with benefits of up to Rs 3 lakh, and can enjoy a flat cash discount of Rs 2 lakh. Sound interesting now? In case you are planning to get the model under the discounted period, visit the nearby authorised dealership and pre-book the model by paying a fully refundable token amount. Price Range The SUV was launched in India at the starting price of Rs 49 lakh (ex-showroom). It has arrived in the country via the CBU route, making it super expensive in the segment. After utilising the offer, the car can be purchased at Rs 47 lakh (ex-showroom), cutting down the price range between Rs 2 to Rs 3 lakh. First Published: July 05, 2025, 13:58 IST
The Hindu
2 hours ago
- The Hindu
Cooperative societies: Key to equitable development
Cooperative societies have a long history spanning more than a century in India. The concept of collaboration and cooperative activity was widespread throughout our nation even before legislation established cooperative organisations. It existed in the form of building assets like community tanks as well as community-managed forests in villages. Different regions had varied forms of cooperation, such as kuris, chit funds, bhishies, and phads. There have been instances of villagers pooling food grains after an enduring harvest to lend to those in need before the next harvest. On International Day of Cooperatives, observed on July 5, let's look at the emergence of cooperative organisations and their contributions to the welfare of the people in the country. What are cooperative societies? They are an independent or self-governed group of people who voluntarily come together to work for economic, social and cultural goals through a collectively owned business. Cooperative societies are formed to help their members, who are mainly from the economically weaker sections. The different types of cooperative societies include agricultural cooperatives, consumer cooperatives, housing cooperatives, and banking cooperatives. Modern cooperative movement in India In the late 19th Century, the aftermath of the Industrial Revolution shaped the modern cooperative movement in India. The rural population was widely displaced, with many choosing agriculture as a means of livelihood. However, this did not solve their issues – farmers faced mounting challenges like erratic rainfall, leading to poor crop yield, and a growing dependence on moneylenders who offered them high-interest loans. Taking cognisance of these challenges, a committee, appointed by the government of India and headed by Sir Edward Law, enacted the Cooperative Credit Societies Act on March 25, 1904, which outlined the framework for establishing cooperative societies, registration, liabilities, etc. In the same year, on August 21, India's first cooperative society was established at Tirur in Tiruvallur district of Tamil Nadu. Then in 1912, the Cooperatives Societies Act addressed the shortcomings of the 1904 Act, broadening the focus to encompass handloom weavers, marketing groups, and other artisan societies. The first Cooperative Housing Society, the Madras Cooperative Union in 1914, the Bombay Central Cooperative Institute in 1918, and other establishments in Bengal, Bihar, Orissa, Punjab, and other states emerged following the 1912 Act, further fuelling the impetus of the cooperative movement. The success story of Amul Prior to 1946, India's dairy industry was highly unorganised. Milk collection and distribution were controlled by private traders and merchants who exploited the poor farmers by arbitrarily fixing low procurement costs. During this time, the demand for milk was high in cities, but the transportation and preservation of something as perishable as milk was a herculean task for the dairy farmers. To end the persistent woes, dairy farmers in the districts of Anand and Kheta came together to form cooperatives to have more control over the production and sale of milk. These cooperatives grew into the Gujarat Cooperative Milk Marketing Federation Ltd., which later came to be known as Amul, marking the beginning of the White Revolution. It was established under the supervision of Indian independence activist and lawyer Tribhuvandas Patel. It was Dr Verghese Kurien and H.M. Dalaya who expanded the scope and development of the cooperative. Amul, which stands as an abbreviation for Anand Milk Union Ltd., empowered the small farmers by establishing a three-tier structure to form a hierarchical network. The three-tier structure involved having village cooperatives at the local level, district cooperatives at the district level, and a state federation at the state level. Milk collected by the village cooperatives from farmers is sold to the district cooperatives who sell aggregated milk to the state federation. The state federation then sells the milk and milk products under the Amul brand across India. In addition, the district and state federations played a pivotal role in providing managerial and technical support to the village cooperatives. Farmers now gained access to high-end technology and greater bargaining power. They also had access to loans and insurance and other financial incentives from banks through cooperatives. Consumers also had access to high-quality and affordable dairy products. All in all, this decentralisation shaped the course of Amul to become one of the Fast-Moving Consumer Goods (FMCG) brands in India. How have cooperative societies helped in the rural economy of India? As India houses 65% of its population in rural India, with agriculture and dairy farming as a source of livelihood for farmers, cooperative sectors have played a significant role in the upliftment of the rural economy by fostering financial inclusion – giving farmers access to credit and financial services and offering loans to those who might not qualify for availing loans from commercial banks. One such example is the Primary Agricultural Credit Societies (PACS) providing credit, input supply, and other financial services to farmers. By supporting local industries, cooperative societies are instrumental in the creation of jobs, leading to a rise in economic activities in the area. With over 8,00,000 cooperative societies categorised in 29 different sectors, India has the highest number of cooperative societies in the world. Several initiatives, including the computerisation of PACS, tax benefits to the cooperative societies, participation of PACS in LPG distributorship, and the convergence of the PM Kusum scheme, have been launched by the government, further strengthening and expanding the model of cooperative network worldwide.
