Table of Content:
- RERA Odisha: An Overview
- Odisha RERA For Approved Projects: Carpet Rules
- Documents Required To Register For RERA Odisha Online
- RERA Odisha: Fees
- Steps To Register As A Real Estate Agent With RERA Odisha
- Steps To Register A Real Estate Project With RERA Odisha Online
- Steps To View A Registered Real Estate Project On Odisha RERA Portal
- How To File A Complaint On Odisha RERA Portal?
Established in 2017, Odisha Real Estate Regulatory Authority(ORERA) brought a tremendous shift in the state’s realty sector. Since its inception, RERA in Odisha has helped in bringing transparency between buyers and sellers and boosting investments.
If you want to know about the registration process under RERA Odisha and the documents required for this process, this blog is for you!
RERA Odisha: An Overview
ORERA was established after the RERA Act in Odisha was passed. One of its main aims is to bring transparency to the financial transactions in a project.
Here are a few things you need to know about the RERA Act Odisha:
It works to improve the overall accountability of real estate developers towards buyers.
It ensures all promoters and builders register their residential and commercial projects with the RERA authority.
It also makes sure the real estate agents register themselves with RERA of Odisha to participate in the sale and purchase of RERA Odisha-registered projects.
It does not allow builders who do not register their projects with Odisha’s RERA to market their projects. The builders also need to provide regular quarterly updates to the buyers.
Odisha RERA For Approved Projects: Carpet Rules
ORERA has set rules of selling projects by carpet area. These rules ensure there’s a certainty in the usable area. It also helps in analysing the rate per square foot of the projects and makes the comparison between various projects easy.
Here’s a list of rules set by RERA Odisha for approved projects:
The buyer can use the carpet area of the apartment. This area doesn't include any shafts, open terraces, balconies, etc. This carpeted area is standardised to avoid buyers from being misled or cheated by unlawful promoters.
If the loading factor for a project is high, then a builder has a right to inflate the saleable area. It helps the builder reduce the rate per square foot area increased earlier. It can lead the buyers to think they are getting a great deal, but only the loading factor changes and the flat size is the same.
Also Read: Bhulekh Odisha: An Access To Land Registry Records & Bhu Naksha
Documents Required To Register For RERA Odisha Online
If you want to register yourself as a promoter or an agent under RERA Odisha, here’s the list of documents you need to have handy:
Aadhar card
PAN card
Map of the location
Approved site plan
Approval to carry out construction
Annual report of the past three years
Income Tax Returns (ITRs) of the last three years
Audit reports of the last three years
The ownership details or Record of Rights (ROR) of the land
Conveyance Deed
Encumbrance Certificate
Personal Details, such as name, address, and photos
Construction and development agreement if you are a promoter and do not own the land
RERA Odisha: Fees
Here are the Odisha RERA fees that you need to pay if you are a promoter or real estate agent:
1. Property Registration Charges For Promoters Under ORERA Odisha
The property registration charges under ORERA are:
| Project Type | Cost |
Residential | INR 5 per square metre or a maximum of INR 2,50,000 |
Commercial | INR 10 per square metre or a maximum of INR 5,00,000 |
Mixed | INR 7 per square metre or a maximum of INR 3,00,000 |
If you need to extend the validity of any type of project under ORERA, here are the costs:
| Project Type | Cost per square metre |
Residential | INR 10 |
Commercial | INR 20 |
Mixed | INR 14 |
2. Registration Charges Under RERA Odisha
If you want to register yourself as a real estate agent, here is the registration fee you need to pay under ORERA (RERA Odisha):
| Category | Registration Fees (In INR) |
Registration fee for an agent | 10,000 |
Registration renewal fee for an agent | 2,000 |
Registration for a company’s agent | 1,00,000 |
Registration renewal for a company’s agent | 20,000 |
Also Check: Bhubaneswar Development Authority: Mission, BDA Housing Projects
3. Other Charges Under ORERA
Here are a few other charges under RERA Odisha:
| Type of Work | Charges (In INR) |
Filing complaint to the Regulatory Authority | 1,000 |
Filing complaint to the Adjudicating Officer | 1,000 |
Filing an appeal | 5,000 |
Steps To Register As A Real Estate Agent With RERA Odisha
The RERA Odisha website enables the registration of real estate agents, promoters and projects. It is mandatory for those agents who want to execute the sale and purchase of RERA Odisha-registered projects.
The steps for RERA Odisha’s online registration as an agent are:
Step1: Visit official RERA website of Odisha: https://rera.odisha.gov.in/ website.
Step 2: Click on the box showing 'Do you want to register or as an agent?'.
Step 3: Select no as you are registering for the first time.
Step 4: Enter all the following information on the portal
Step 5: Create your login ID & password
Step 6: Click on Register
Once you have completed the online registration process, you can use the ORERA login directly.
Steps To Register A Real Estate Project With RERA Odisha Online
If you want to register any real estate project with RERA Odisha, here are the steps to it:
Step 1: Visit the ORERA website
Step 2: Click on the box showing 'Do you want to register your project?
Step 3: Use the ORERA login id and password.
Step 4: Register your project by providing the required information
Steps To View A Registered Real Estate Project On Odisha RERA Portal
If you want to view any real estate project you registered with RERA Odisha, here are the steps to it:
Step 1: Go to the official RERA website of Odisha
Step 2: Click on the Projects tab
Step 3: Choose offline projects
Step 4: Click on registered projects
Step 5: Filter the projects on the basis of registration, name, and type of project
How To File A Complaint On Odisha RERA Portal?
If you want to file a complaint with Odisha RERA. Here are the steps to it:
Step 1: Click on the official RERA website of Odisha
Step 2: Click on the box showing 'Do you want to lodge a complaint?'
Step 3: Fill out the required details and submit it to the authority.
Once you submit your complaint, you can check its status by clicking on the complaint status on the RERA Odisha portal.
Conclusion
We hope this blog helped you understand everything about the RERA Odisha’s online registration process for real estate agents, promoters, and projects. Make sure you have this blog handy before you register yourself as a real estate agent or promoter under the state real estate regulatory authority.