Apartment Sale Deed Registrations Resume in Bhubaneswar After Two Years

26 Jun 2024 CW Team

In a significant development for the real estate sector, the registration of sale deeds for apartments in Bhubaneswar has resumed after a hiatus of two years. This decision is expected to rejuvenate the property market and facilitate transactions that were previously stalled.

The resumption comes as a relief to developers and homebuyers alike, as it signals a return to normalcy in property transactions within the city. The halt in registration had been a major concern for stakeholders, impacting the pace of real estate activities and causing uncertainties among buyers.

Authorities have attributed the resumption to improved administrative processes and the easing of bureaucratic hurdles that previously hindered the registration process. This move is likely to boost investor confidence and revive interest in the Bhubaneswar property market.

The recommencement of sale deed registrations is anticipated to have a cascading effect on the local economy, generating revenue for the government and creating employment opportunities across various sectors linked to real estate.

As stakeholders adjust to the renewed registration process, there is optimism about the sector's recovery and its ability to sustain growth momentum. The focus remains on smooth execution and transparency in property transactions to support sustained development in Bhubaneswar's real estate landscape.

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