Odisha RERA Nullifies Land Deal Over Registration Violations
Real Estate

Odisha RERA Nullifies Land Deal Over Registration Violations

The Odisha Real Estate Regulatory Authority (RERA) has invalidated a significant land deal due to serious violations of registration norms. The regulatory body's stringent move underscores its commitment to maintaining transparency and fairness in real estate transactions. The cancelled deal involved undisclosed discrepancies that flouted the established regulations, prompting the intervention of the RERA to protect the interests of stakeholders. This decision serves as a pivotal moment in upholding the integrity of real estate practices within Odisha, setting a precedent for adherence to legal frameworks. The move also reinforces the importance of compliance with RERA regulations to ensure a robust and accountable real estate sector.

The Odisha Real Estate Regulatory Authority (RERA) has invalidated a significant land deal due to serious violations of registration norms. The regulatory body's stringent move underscores its commitment to maintaining transparency and fairness in real estate transactions. The cancelled deal involved undisclosed discrepancies that flouted the established regulations, prompting the intervention of the RERA to protect the interests of stakeholders. This decision serves as a pivotal moment in upholding the integrity of real estate practices within Odisha, setting a precedent for adherence to legal frameworks. The move also reinforces the importance of compliance with RERA regulations to ensure a robust and accountable real estate sector.

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Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..

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