Odisha governmnet eases apartment registration procedure

BHUBANESWAR: In a move aimed at reducing procedural delays and improving ease-of-doing business in the real estate sector, the state administration has dispensed with the requirement of obtaining separate endorsements from the competent authority for every subsequent apartment transfer within a registered project.

Key points

• The decision has been taken under Section 35 of the Odisha Apartment (Ownership and Management) Act, 2023.
• The competent authority verifies the prescribed documents and makes an endorsement before the deed is presented for registration.
• According to authorities, requiring such endorsement on every individual deed resulted in repetitive scrutiny and avoidable delays, particularly in sizeable apartment projects involving numerous transfers.
• Consequently, subsequent deeds within the same project will not require separate endorsement by the competent authority and can be directly presented before the registering authority.

For context, the decision has been taken under Section 35 of the Odisha Apartment (Ownership and Management) Act, 2023. It empowers the administration to exempt certain requirements, stated a special order issued by the extra chief secretary, Housing and Urban Development department, Usha Padhee on Friday. The order comes into force with immediate effect.

Under the existing framework, promoters are required to execute the first deed of transfer in favour of an allottee or transferee in Form-F and a deed of transfer in favour of the association of allottees in Form-G. The competent authority verifies the prescribed documents and makes an endorsement before the deed is presented for registration.

After verification of the documents prescribed under the Act, will be treated as the endorsement for the entire registered apartment project, under the new mechanism, the endorsement created on the first deed of transfer. Consequently, subsequent deeds within the same project will not require separate endorsement by the competent authority and can be directly presented before the registering authority.

In short, odisha governmnet eases apartment registration procedure is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.