In India, property related scams are common. Hence it is always advisable to check ORERA registered flats in Bhubaneswar, if you wish to buy a property.
In this guide blog, we have explained what the ORERA body is, how it functions, how it saves your hard earned money from getting wasted by builders, and how to make sure that you do not get scammed related to property buying in Odisha.
So, scroll down to learn more about it!
What is ORERA?
ORERA is short for Odisha Real Estate Regulatory Authority. In the most basic definition, it is a government body which has been established under the national RERA act.
Its purpose is to regulate and supervise the real estate sector in Odisha.
ORERA was established since homebuyers used to face problems like long delays in project completion, hidden costs charged by builders, and misleading promises made by the builders.
Under the ORERA rules, every builder in Odisha must register their housing project on the government portal before advertising, marketing, or selling any of its apartment units.
Why does ORERA matter for home buyers?
ORERA acts as a legal protector for homebuyers in Odisha.
It helps in keeping builders accountable and transparent. They have to share complete details about their ownership of the land, building plans, government sanctions, and completion dates.
If a builder does not follow the rules of ORERA, or delays the delivery of a home, buyers can easily file a complaint for the same, and also get a solution to it.
Hence, you should always verify and check ORERA registered flats in Bhubaneswar.
Why should you check ORERA registered flats in Bhubaneswar before buying?
In India, or Odisha, buying a home is a very important decision for people from an emotional and a financial standpoint.
Thus, it is very important that you check the legal status of your target flat or apartment. This will make sure that your money is not stuck for years in the loop of false promises.
When a builder registers with ORERA, it is ensured that he/she has received all the necessary safety and construction approvals from the local authorities, or the Bhubaneswar Development Authority (BDA).
There is an important rule set by ORERA for all builders in Odisha. All builders must deposit 70% of the money collected from buyers into an escrow bank account, which will remain separate.
The rule is that the builders can only use this money for the construction of that target project. This ensures that there are no project delays in the future.
Thus, the above points are the reason why it is important for you to check ORERA registered flats in Bhubaneswar before buying properties.
How to check ORERA registered flats in Bhubaneswar step-by-step?
Follow the below mentioned steps to check ORERA registered flats in Bhubaneswar on the website:
Step 1: Visit the official ORERA website.
Step 2: Go to the ‘Projects Tab’, you will find it in the homepage menu. Click on the Projects section and choose Online Registered Projects.
Step 3: Now, enter the name of the project from the search results to open the detailed project page.
Step 4: Now you can read through the details of the projects. You can also download the official registration certificate of the project for keeping in your personal records.
| Steps | What to Do |
|---|---|
| Step 1 | Go to the official ORERA website. |
| Step 2 | Look for the ‘Projects’ tab on the homepage menu, then click on ‘Online Registered Projects’. |
| Step 3 | Search for your project’s name and click on it to open the detailed page. |
| Step 4 | Read through the project details and download the official registration certificate for your records. |
What key details should you verify on the ORERA portal?
You must verify all the key details that you find about the desired project on the ORERA website. These are:
- Approved building layout and sanctioned plans.
- Check if the carpet area of the flat matches with what the builder has advertised in the brochure.
- Check the Quarterly Progress Reports (QPR). This shows the actual status of construction.
- Look for information about the builder, their track record, pending legal disputes, and land ownership documents.
Hence, if you take the time out to properly verify the above key details about the builder and check ORERA registered flats in Bhubaneswar thoroughly, you will save yourself from future legal problems with the property.
| Details to Check | What You Should Verify |
|---|---|
| Approved Layout & Plans | Make sure that the building layout and construction plans are officially approved by the local authorities. |
| Carpet Area | Check that the actual carpet area listed matches with what the builder advertised in their brochure. |
| Quarterly Progress Reports (QPR) | Review these reports to track the current status of construction on the ground. |
| Builder Info & Land Titles | Inspect land ownership documents, the developer’s track record, and any pending legal disputes. |
What should you do if a property is not registered on ORERA?
If after you verify the details of the under-construction property and the builder itself on the ORERA portal, and it does not appear there, you must remain very careful.
According to the RERA Odisha guidelines, any residential project with more than 8 apartments or land exceeding 500 square meters must be registered.
If a project fulfills the above criterias, but is not registered officially, it is deemed as an illegal construction by the government and is liable for action and penalty.
It is wise to always ask the builder directly for their official registration certificate or reference number. If the builder refuses to share the details, you must not pay any amount of money.
In such cases, you can file an online complaint or report an unregistered project directly on the official authority portal.
Hence, never ever take the risk of investing in unregistered projects. Always check ORERA registered flats in Bhubaneswar online list before signing any sort of booking agreement, or before transferring any fund to any builder.
Conclusion
Buying a home in India is sometimes a huge financial investment which requires careful planning over the months or years. Due to this reason, you cannot take a risky step by investing in unregistered flats and apartments.
Make sure to always check ORERA registered flats in Bhubaneswar before signing a booking agreement. This saves you from legal hassles.
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Frequently Asked Questions (FAQs)
1. What is RERA Odisha (ORERA)?
RERA Odisha, or ORERA, is the authority that protects homebuyers. It ensures transparency, accountability, and timely delivery of real estate projects across Odisha.
2. How can I check ORERA registered flats in Bhubaneswar?
To check ORERA registered flats in Bhubaneswar, you should visit the official RERA website. Go to the ‘Registered Projects’ section to verify the builder’s documents.
3. Is it mandatory for builders to register with ORERA?
Yes, project registration is legally mandatory for all builders in Odisha. Before you invest in any property, always make sure you are looking at ORERA approved real estate projects in Odisha to secure your money safely.
4. Where do I find the list of RERA approved projects?
You can view the list of RERA approved projects on the official RERA Odisha portal.
5. What happens if a builder delays possession?
If a builder is delaying possession, RERA makes sure that the builder provides financial compensation. You can also file a grievance through the RERA website.
6. Can I safely buy an unregistered flat?
It is highly risky to buy an unregistered flat. The government has banned sale deed registrations for such flats unless they are verified as ORERA approved real estate projects in Odisha.
7. How do I verify a real estate agent in Odisha?
Property agents must register with RERA Odisha, just like builders. You can check their official registration status under the ‘Real Estate Agents’ tab.
8. What is the official RERA website for Odisha?
The official portal is rera.odisha.gov.in. Always use this government site to verify builder details and check ORERA registered flats in Bhubaneswar.
9. How are my funds protected in RERA approved projects?
Under RERA approved projects, builders must keep 70% of a homebuyers’ money in a separate escrow account. This makes sure that the funds are only used for construction of the specific project.
10. How can I file a complaint against a builder?
If you face issues with any builder, you can file a grievance online via the RERA website. First, create an account, then upload the required documents, and after that track your complaint status.
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