RERA Odisha

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The Odisha government’s Housing & Urban Development Department released the Odisha Real Estate (Regulation & Development) Rules back in 2017. The concerned government body has made it mandatory for all of the builders and real estate developers that reside in the state of Odisha to follow the laid out rules. These rules are made up of the information pertaining to RERA act Odisha itself and the documents which will have to be submitted by the Odisha-based developers and agents alike while registering.

Due to the rules that have been put into place, one can be assured of the fact that if they purchase any of the RERA Odisha approved projects, it will have all of the requisite licenses and clearances. This article will take you through the information pertaining to the fees that a real estate developer, an agent or a promoter will be charged at the time of them getting their project registered with the RERA Act Odisha. Read on to know more about the same.

RERA Odisha Fees and Charges

The following table contains the information pertaining to the fees that promoters will be charged for registering their property under the RERA Odisha.

Project Type(s)	Fees
Residential Project Registration	₹5 per sqm
Commercial Project Registration	₹10 per sqm
Mixed Development Project Registration	₹7 per sqm
Extension of Residential Project Validity	₹10 per sqm
Extension of Commercial Project Validity	₹20 per sqm
Extension of Mixed Development Project Validity	₹14 per sqm

Individual Agent Registration Fee	₹10,000
Individual Agent Registration Renewal Fee	₹2,000

Other Charges

Making a Complaint to the regulatory authority	₹1,000
Making a complaint to the adjudicating officer	₹1,000
Filing of an appeal	₹5,000

How to Register a Property With the RERA Odisha as a Real Estate Agent?

Step 1: Visit the official website of RERA Odisha (http://orera.in/).
Step 2: Click on the button that reads “Do you want to register your project/as agent?”.
Step 3: You will be redirected to a page where you will be asked if you have already registered as an agent or a promoter. You must select “No” if you have not.
Step 4: Post the step which has been mentioned above, you must provide all of the necessary information which is required as per the format that has been specified in the registration form.
Step 5: Create your RERA Odisha user ID and password.
Step 6: Click on the button that reads “Register”.

How to Register a Property With the RERA Odisha as a Promoter?

Step 1: Visit the RERA Odisha official website at http://orera.in/.
Step 2: Click on the “Do you want to register your project/as agent?” button.
Step 3: You will be redirected to a page where you have to select whether you have already registered as a promoter or agent. Select “No” if you have not.
Step 4: Read the guidelines carefully and fill in the online application form accordingly.
Step 5: Click on the button that reads “Proceed to Login”.
Step 6: Provide your username and password, go to the Dashboard page, and register.

Documents Required for Registering a Property Under the RERA Odisha Act

PAN Card(s) of the members of the Board of Directors, partners or trustees.
Photograph(s) of the individuals mentioned above

Certificate of GST Registration
In the case of an ongoing project, a permission order which has been issued by Odisha RERA will be required
Certificate of Encumbrance
Money receipt for the penalty deposit
Record of Rights (ROR)
The Report of an Advocate
If applicable, a Power of Attorney (POA)
Development agreement (If applicable)
The building plan’s letter of approval
The approved drawing of the site plan
Certificate of Structural Stability
Location of the Map
A No Objection Certificate (NOC)
A cancelled cheque
A document encompassing the information pertaining to project status
A certificate of fire safety
Letter of allotment
Deed of conveyance
Annual reports going back 3 years
Income Tax Returns going back 3 years
Audit reports going back 3 years
Images of the property and the site
An undertaking to adopt the agreement for sale in a format that is based on Rule-8(1) of ORE (R & D) Rule-2017

Conclusion

Before your real estate deal is finalised, you must ensure the builder has adhered to all the RERA norms as non-compliance may land you in legal trouble in future. You must also make sure that the carpet area of the property is quoted as per the RERA norms. Want to apply for a home loan? You can always avail one at Bajaj Markets from any of the lending partners with a flexible repayment tenure.

Office Address of RERA Odisha

Odisha Real Estate Regulatory Authority (Odisha RERA), 371, Vivekananda Marg, Near Bhubaneswar Municipal Corporation Office, Bhubaneswar-751014

Contact Number(s): 0674-2430757, 2430977
E-mail ID: reraodisha@gmail.com

If you would like to know more about the RERA act Odisha or want to educate yourself further on the topic of the RERA act in general, you can do the same on Bajaj Markets.