Developers protest government’s patta order
May 14, 2014
Source : The Times of India


BHUBANESWAR: A recent government order making ‘record of rights (patta)’ mandatory for selling land has almost paralyzed transaction of real estate properties in various parts of the state, particularly in Bhubaneswar, for the past two weeks or so as most real estate developers don’t have pattas.

While the developers have reacted strongly to the government move, at least three bar associations have moved Orissa high court seeking withdrawal of the order.

The revenue and disaster management department on April 25 issued the order, which states that “the registering officer shall not register any document presented to him unless the transferor produces the record of rights to the satisfaction of the registering officer that such transferor has right, title and interest over the property so transferred.” The order is part of a direction issued by Taradatt, additional chief secretary, revenue, to implement the Registration (Odisha) Amendment Act 2013, which restricts sale of property belonging to the government and various religious institutions, including Jagannath Temple in Puri.

According to real estate insiders, very few developers have pattas of land on which they have constructed apartments. As a result, they are unable to sell flats. Conceding to the problem, Pradipta Kumar Biswasroy, president, Real Estate Developers’ Association of Odisha (Reda), said, “It takes a long time, sometimes years, for a buyer of land to get patta after mutation of land. But stalling sales of land on the pretext of patta when other documents such as previous sale deeds are available will adversely affect the market.”

Anup Mohapatra, another developer, said the government order would make re-sale of flats impossible as home buyers will never get pattas of their flats.

The bar association members described the order absurd. “In Bhubaneswar, over 80 per cent people in Gadakana, Chandrasekharpur and Nayapalli, among other areas, don’t have pattas. People who bought land before 1980 don’t have pattas. But denying them their right to sell their property when they need money for their needs, is a violation of their right to property,” said Chittaranjan Barisal, member, Bhubaneswar Bar Association, which filed a writ in the HC on Friday. Bar associations in Puri and Nuapada too filed similar petitions in the HC last week.

Barisal said the bars have taken a proactive role to counter the “illogical” order, as it will adversely affect all people in the state. Sources, however, said documentation during property transactions is a good source of earning for the advocates. But since the registration process has come to a halt, their source of earning too has depleted.

Latest Realty News

Infosys to operationalise 2nd city campus by June
May 09, 2014
BHUBANESWAR: Infosys India's second largest IT services company, will operationalize its second campus in Odisha by June end, this year, at the upcoming Info Valley complex, on the outskirt of Bhubaneswar, where the IT major is the anchor tenant.
Search for sites to build multi-level parking lots
May 09, 2014
BHUBANESWAR: After the relaxation of the model code of conduct, police and civic body authorities are gearing up to conduct a joint inspection of sites where multi-level parking lots can be built.
Eviction Drive near Rajmahal, 16 Shops Removed
May 09, 2014
BHUBANESWAR: The General Administration (GA) department and Bhubaneswar Development Authority (BDA) removed about 16 temporary shops near Rajmahal flyover in a joint eviction drive on Monday.
Fresh Building Plan Approval Must in New BDA Areas
May 09, 2014
BHUBANESWAR: The Bhubaneswar Development Authority (BDA) has cancelled the building plan approval submitted by the residents of the revenue villages added under it recently.
House on fringes, check with BDA
May 09, 2014
BHUBANESWAR: Those planning to purchase a house on the city outskirts beware!The Bhubaneswar Development Authority (BDA) has notified that building plan approval taken from the local panchayat or the block development officer after March 29, 2010, will be treated as “illegal” and “unauthorised”.
EOW Crackdown Continues, Another Realtor Held
May 02, 2014
BHUBANESWAR: Continuing its crackdown on dubious realtors, the Economic Offences Wing of Crime Branch on Tuesday arrested the property dealer and managing director of Gajanan Property Private Limited, Bhubaneswar, Niranjan Parida in a case of land fraud amounting to over `3 crore.
Encroached IDCO Land Vacated
May 02, 2014
BHUBANESWAR: A huge patch of land belonging to the Odisha Industrial Infrastructure Development Corporation (Idco), which was encroached by unauthorised occupants, was freed by the Commissionerate Police on Sunday.
EOW Proposes to Attach Assets of Two Chit Fund Companies
May 02, 2014
BHUBANESWAR: The Economic Offences Wing (EOW) on Saturday proposed for attachment of assets of two chit fund companies which had been booked for running illegal money circulation schemes in the State.
Builders in Odisha pin hopes on election results to revive sluggish market
May 02, 2014
BHUBANESWAR: Real estate developers are a worried lot as they grapple with the problem of unsold housing stocks piling up. They hope the situation would improve after election results if stable governments come to power at the Centre and in the state.
Realtors defer launching of new projects for polls
Apr 07, 2014
BHUBANESWAR: The realtors in the city have deferred launching of new projects as the consumers are pulsated with impending polls in the state and are awaiting the formation of a new government.

Latest Realty News Of State

Realty Talk's