RERA Registration in Orissa: Process to Register Project & Agent

The Housing and Urban Development Department of Orissa, together with the State Government, has released the Odisha Real Estate (Regulation and Development) Rules 2017. These regulations act as Magna Carta for every real estate developers or builders, and real estate agents operating in the state. Further, to obtain RERA Registration in Orissa, the applicant needs to furnish all the particulars and documents specified in the act.

In this blog, we will discuss the concept and process to obtain RERA Registration in Orissa.

Benefits of RERA Registration in Orissa

The benefits of RERA Registration in Orissa are as follows:

1. Standardised Carpet Area;
2. Builders Cannot make Excuse of Insolvency;
3. Reduction in Ernest Money;
4. Protection of Buyer’s Right in the case of Delayed Possession;
5. Specifies Customer’s Right in the case of Defects;
6. Provides Payment of Interest in the case of Default;
7. Restricts Builders from Making False Promises;
8. Ensures Speedy Grievance Redressal;
9. Offers Right to Information to Buyers;
10. Attracts Investment from NRIs;

Eligibility Criteria for Obtaining RERA Registration in Orissa

The eligibility criteria for obtaining RERA Registration in Orissa can be summarised as:

1. Any Commercial Land which is over 500 square meters;
2. Any Residential Land which is over 500 square meters;
3. Any Building that is having more than eight apartments;
4. All the On-going Projects that have not received Certificate of Completion on the Commencement Date will need to obtain RERA Registration in Orissa within three months;
5. All the Real Estate Agents who want to operate in the state needs to compulsorily obtain RERA Registration in Orissa;

Documents Required for Obtaining RERA Registration in Orissa

The Documents required for Obtaining RERA Registration in Orissa are as follows:

1. Proof of Fee Payment in the form of Bank Draft or Bankers Cheque;
2. Documents pertaining to Validation of License;
3. Ownership Documents;
4. A copy of LC-IV, which is duly executed with the DTCP during the Grant of License;
5. Documents pertaining to the Entry License;
6. Documents pertaining to the Collaboration Agreement;
7. In case of the Plotted Colony, a copy of the latest Demarcation Plan, Zoning Plan, and Layout Plan;
8. In case of the Commercial Sites or Group Housing, furnish a copy of the Approved Building Plan;
9. Cash Flow Statements of the Proposed Real Estate Project;
10. A Non Default Certificate from a Practising Chartered Accountant;
11. A Copy of the Draft Allotment Letter;
12. A Copy of the Draft Agreement;
13. A Brief Summary of the Important Stipulations of Draft Agreement;
14. Audited Balance Sheets and Statements for the previous 3 Financial Years;
15. Total Estimated Cost of the Real Estate Project;
16. A copy of CIN (Company Identification Number) of the Company;

Documents Required for Real Estate Agent Registration in Orissa

The Documents required for Obtaining Real Estate Agent Registration in Orissa are as follows:

1. A duly filled ORERA Agent Registration Form;
2. Particulars declaring the type of organization, such as either of the following:
3. Private Limited Company;
4. Public Limited Company;
5. Limited Liability Partnership;
6. Partnership Firm; or
7. Sole Proprietorship Firm;
8. Documents relating to the type of organisation, such as By Laws, MOA (Memorandum of Association), AOA (Articles of Association) etc., as the case maybe;
9. Address Proof of the Registered Office;
10. Latest Passport Sized Photograph of the Applicant;
11. Identity Proof of the Applicant in the form of Aadhar Card;
12. A copy of PAN Card;

Process to Obtain RERA Registration in Orissa

The steps involved in the process to obtain RERA Registration in Orissa are as follows:

Visit the Official Portal of ORERA

In the first step of the process to obtain RERA Registration in Orissa, the applicant needs to visit the Official portal of ORERA^[1].

Choose “Do you want to Register Project or as Agent”

Now, he/she needs to choose the second option “Do you want to Register Project or Agent”, located at the end of the home page. After that, select the option “NO” to start a fresh registration.

Guidelines for Promoter Registration and Login

After selecting the option “No”, the applicant will be redirected to a new page which will show “Guidelines for Promoter Registration and Login”. After carefully reading the guidelines, press “Register” to move further towards the application form.

Fill in the Online Application for Registration

Now, after clicking “Register”, the applicant will be moved further, wherein he/she required to fill in the online application form for registration. The said form include the details as follows:

1. Register As;
2. Applicant’s Entity;
3. Name of the Person Registering;
4. Position;
5. CIN or GST Number;
6. Upload CIN or GST Copy;
7. Mobile Number;
8. Email Address;
9. Username;
10. Password; and
11. Confirm Password;

After filling all the requisite details, click on “Register”.

Receive a Verification Email

In the next step, the applicant will receive and verification email on the registered email address of the applicant. The same will signify the completion of preliminary registration.

Go Back to Homepage

After that, the applicant needs to go back to the home page to proceed further in the process of obtaining RERA Registration in Orissa.

Choose “Registered Promoter or Agent”

Now, he/she needs to choose the first option “Registered Promoter or Agent”, located at the end of the home page.

Enter Login Credentials

Now, the applicant requires to enter the login credentials provided in the verification mail.

Fill in the Detailed Application Form

In this step, the applicant requires to fill in the detailed application form, which includes details, such as follows to complete the process of obtaining RERA Registration in Orissa:

1. General Details;
2. Previous Real Estate Project Details;
3. Details of Proposed Real Estate Project;

Upload Necessary Documents

Now, moving further, the applicant requires to upload all the requisite documents as mentioned above.

Tick Verification and Declaration

After that, tick all the boxes of declaration and verification to confirm that the information provided by the applicant is true and best of his/her understanding and knowledge. Thereafter click on the option “Submit” to move further towards the fee payment.

Make Fee Payment

In the last step, the applicant needs to make the payment of the fee prescribed. After that, a reference number will be shown on the screen, which the applicant must record for future reference.

Also, Read: RERA Registration In Delhi: Process To Register Project & Agent

Process to Obtain Real Estate Agent Registration in ORERA

The steps involved in the process to obtain Real Estate Agent Registration in ORERA are as follows:

Visit the Official Website of ORERA

In the first step of the process to obtain RERA Registration in Orissa, the applicant needs to visit the official portal of ORERA.

Click on “Do you want to Register Project or as Agent”

Now, he/she needs to choose the second option “Do you want to Register Project or Agent”, located at the end of the home page. After that, select the option “NO” to start a fresh registration.

Read “Guidelines for Promoter Registration and Login”

After selecting the option “No”, the applicant will be redirected to a new page which will show “Guidelines for Promoter Registration and Login”. After carefully reading the guidelines, press “Register” to move further towards the application form.

Note: these guidelines are shown both in the process of real estate project and agent registration.

Fill in the Online Registration Form

Now, after clicking “Register”, the applicant will be moved further, wherein he/she required to fill in the online application form for registration. The said form include the details as follows:

• Register As;
• Applicant’s Entity;
• Name of the Person Registering;
• Position;
• CIN or GST Number;
• Upload CIN or GST Copy;
• Mobile Number;
• Email Address;
• Username;
• Password; and
• Confirm Password;

After filling all the requisite details, click on “Register”.

Receive an Email for Verification

In the next step, the applicant will receive and verification email on the registered email address of the applicant. The same will signify the completion of preliminary registration.

Go Back to the Homepage

After that, the applicant needs to go back to the home page to proceed further in the process of obtaining Real Estate Agent Registration in ORERA.

Click on “Registered Promoter or Agent”

Now, he/she needs to choose the first option “Registered Promoter or Agent”, located at the end of the home page.

Enter the Received Login Credentials

Now, the applicant requires to enter the login credentials provided in the verification mail.

Fill in the Detailed Registration Form

In this step, the applicant requires to fill in the detailed application form, which includes details, such as follows to complete the process of obtaining Real Estate Agent Registration in Orissa:

• General Details;
• Previous Real Estate Project Details;
• Details of Proposed Real Estate Project;

Upload All the Required Documents

Now, moving further, the applicant requires to upload all the requisite documents as mentioned above.

Tick Declaration

After that, tick all the boxes of declaration and verification to confirm that the information provided by the applicant is true and best of his/her understanding and knowledge. Thereafter click on the option “Submit” to move further towards the fee payment.

Make the Payment of Fee Prescribed

In the last step, the applicant needs to make the payment of the fee prescribed. After that, a reference number will be shown on the screen, which the applicant must record for future reference.

Fees and Charges under ORERA

The fees and charges under ORERA can be summarised as:

For Promoters

Type of Real Estate Projects	Fees Charged
For Residential Project	Rs 5 per sq. mtr.
For Commercial Project	Rs 10 per sq. mtr.
For Mixed Development Project	Rs 7 per sq. mtr.
For Validity Extensionof Residential Project	Rs 10 per sq. mtr.
For Validity Extensionof Commercial Project	Rs 20 per sq. mtr.
For Validity Extensionof Mixed Development Project	Rs 14 per sq. mtr.

For Real Estate Agents

Type of Real Estate Agent	Registration Fee Charged	Renewal Fee Charged
Individual	Rs 10000	Rs 2000

Conclusion

In a nutshell, RERA in Orissa or ORERA was enforced to administer the real estate industry of the respective state. All the provisions and regulations of the said rules aim to protect the interest and rights of both buyers as well as the investor/developer, in the event of pending payments, delayed possession, fraud, etc.

Furthermore, it is compulsory and mandatory for all the real estate agents and promoters/developer to obtain RERA Registration in Orissa.

For any other query, doubt or complexity, visit Swarit Advisors, our proficient RERA experts will assist you with the procedure to obtain RERA Registration in Orissa, together with RERA Advisory.

Also, Read: RERA Registration in Maharashtra: A Complete Guide on MahaRERA