Odisha to Amend Real Estate Laws for Easier Sale Deed Registration
Real Estate

Odisha to Amend Real Estate Laws for Easier Sale Deed Registration

The state government is planning to amend the Odisha Real Estate (Regulation and Development) Act of 2016, the Odisha Apartment (Ownership and Management) Act of 2023, and other related laws concerning development authorities to simplify the process of registering sale deeds for plots and apartments.

Revenue and disaster management minister Suresh Pujari stated that there are currently some obstacles in the registration of sale deeds for apartments and land in the state. He mentioned that the government is considering making the necessary changes to the laws and existing regulations.

He further explained that a meeting of stakeholders had been held to discuss the issue, as the current situation is causing difficulties for citizens, who face challenges in registering sale deeds, as well as for the government, which is losing significant revenue from stamp duty and registration. Pujari added that the required amendments would be made to the rules and regulations to streamline the registration process, and that these changes would be implemented soon.

The registration of sale deeds for apartments and land faced a setback in 2022 when the Orissa High Court, while hearing a petition, instructed the Inspector General of Revenue to ensure that all rules were followed at the sub-registrar level. However, sale deed registration for apartments resumed in May following the enactment of the Odisha Apartment (Ownership and Management) Act of 2023, although the numbers remained low, as the Act requires both an occupancy certificate and an association of allottees' certificate for the process to proceed.

Real estate expert Bimalendu Pradhan pointed out that many apartments in the city lack the necessary occupancy certificate, which has led to delays in registration and re-registration. He also mentioned that some sub-registrars had registered deeds in violation of the rules, resulting in their dismissal. Pradhan suggested that, in addition to the amendments, the government should introduce a regularization scheme for existing buildings. He emphasized that regularisation is the only way to resolve all the issues hindering sale deed registration.

The state government is planning to amend the Odisha Real Estate (Regulation and Development) Act of 2016, the Odisha Apartment (Ownership and Management) Act of 2023, and other related laws concerning development authorities to simplify the process of registering sale deeds for plots and apartments. Revenue and disaster management minister Suresh Pujari stated that there are currently some obstacles in the registration of sale deeds for apartments and land in the state. He mentioned that the government is considering making the necessary changes to the laws and existing regulations. He further explained that a meeting of stakeholders had been held to discuss the issue, as the current situation is causing difficulties for citizens, who face challenges in registering sale deeds, as well as for the government, which is losing significant revenue from stamp duty and registration. Pujari added that the required amendments would be made to the rules and regulations to streamline the registration process, and that these changes would be implemented soon. The registration of sale deeds for apartments and land faced a setback in 2022 when the Orissa High Court, while hearing a petition, instructed the Inspector General of Revenue to ensure that all rules were followed at the sub-registrar level. However, sale deed registration for apartments resumed in May following the enactment of the Odisha Apartment (Ownership and Management) Act of 2023, although the numbers remained low, as the Act requires both an occupancy certificate and an association of allottees' certificate for the process to proceed. Real estate expert Bimalendu Pradhan pointed out that many apartments in the city lack the necessary occupancy certificate, which has led to delays in registration and re-registration. He also mentioned that some sub-registrars had registered deeds in violation of the rules, resulting in their dismissal. Pradhan suggested that, in addition to the amendments, the government should introduce a regularization scheme for existing buildings. He emphasized that regularisation is the only way to resolve all the issues hindering sale deed registration.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement