Latest Realty News

Government-nod-to-houses-for-slum-dwellers-in-Bhubaneswar
May 28, 2015
BHUBANESWAR: The state government has approved a proposal of Bhubaneswar Development Authority (BDA) to construct 240 houses for evicted slum dwellers
BDA-sanctions-Rs-1-crore-for-setting-up-21-new-parks-in-Bhubaneswar
May 22, 2015
Bhubaneswar: The development authority is planning to set up 21 new amusement parks in the city and nearby areas
CB-seeks-attachment-of-builder's-assets
May 08, 2015
BHUBANESWAR: The Economic Offences Wing (EOW) of Crime Branch has moved finance department, seeking attachment of property of a city-based real estate developer
Odisha-seeks-to-double-housing-land-for-poor-in-capital
Apr 24, 2015
Bhubaneswar: The Odisha government is planning to reserve at least 20 percent of the land for affordable housing
Builder-held-for-50cr-fraud
Mar 17, 2015
BHUBANESWAR: The Economic Offence Wing (EOW) of the Crime Branch arrested managing director of Sarala Realcon Gayadhar Jena
Odisha-govt-takes-possession-of-lands-of-Ponzi-firms
Feb 23, 2015
Berhampur: Odisha government has taken possession of over 40 acres of land, belonging to three ponzi companies
First-ever-Real-Estate-Award-held-in-Odisha
Jan 19, 2015
Bhubaneswar: A first-ever ‘Real Estate Award’, the Focus Odisha initiative, was held on Saturday here amid much fanfare
First-ever Real Estate Award to be held in Odisha
Dec 19, 2014
Bhubaneswar: Odisha is going to have a maiden Real Estate Award-2015 scheduled to be held on 17th of January next year
BDA drags its feet over plan approval
Oct 07, 2014
The Bhubaneswar Development Authority is taking an average 104 days to approve a building plan compared to the stipulation of maximum 60 days set in the Odisha Right to Public Services Act, 2012
Odisha mulls anti-land grabbing law with 10 years jail term
Sep 26, 2014
The Odisha government plans to introduce a stringent law soon to prevent government land encroachment which will have provision of rigorous imprisonment for offenders of such crimes
Government relaxes patta norms for flat sale
Sep 20, 2014
Ending the six-month deadlock over transaction of flats, the state government on Friday relaxed registration norms for apartments during purchase. From now on, record of rights (ROR), called patta in local parlance, would not be a prerequisite
Revenue department to retrieve 70-acre 'doubtful' govt land
Aug 27, 2014
The state government on Tuesday conceded ?doubtful' use of at least 70 acre government land at Ghangapatna, on the outskirts of the city, even as BJP staged a dharna in front of the governor's house here demanding CBI probe into the alleged land scam
'Government Not Sitting Idle on Land Scam'
Aug 27, 2014
Cooperation and Excise Minister Damodar Rout said the State Government is not sitting idle as far as the land allotment scam is concerned
Realtors upbeat about smart city plan, Say It Will Revive Sluggish Market
Aug 19, 2014
Amid indications that almost all state capitals may be part of the Union government's 100 smart cities' plan, real estate developers hope the move will help revive the sluggish housing market here
Patra elected as Credai Odisha head
Mar 11, 2014
BHUBANESWAR: Dilip Kumar Patra, MD of Narayan Agencies and Estates Pvt Ltd, was on Saturday elected as the president of Credai Odisha for a two-year term for 2014-16.
Reforms in real estate sector to boost FDI, says Credai
Dec 07, 2013
BHUBANESWAR: Reforms in the real estate industry, such as bringing in more transparency and setting up of regulatory body, would boost foreign direct investment (FDI) in the sector by at least 20 times, said Confederation of Real Estate Developers' Association of India (Credai).
Seashore money invested in Govt projects: BJP
Nov 16, 2013
BHUBANESWAR: The deposited money with the Seashore Group by the investors has been used in many public projects by the Government illegally against the interest of the depositors. In a joint venture with the Government, the money was invested in the OTDC and health projects of the State. Besides, a major portion has been spent in the beautification of river bank of Cuttack, alleged State BJP spokesperson Sameer Mohanty in a Press release here, asking if the money could be returned to the investo
CB proposes Govt for Seashore assets liquidation
Nov 12, 2013
BHUBANESWAR: The Economic Offences Wing (EOW) of the State Crime Branch on Monday proposed to the State Government for liquidation of the Seashore Group’s properties in order to refund duped investors’ money according to the Odisha Protection of Interests of Depositors (in Financial Establishments) Act, 2011.
Earlier released builder again held
Sep 24, 2013
BHUBANESWAR: The Saheed Nagar police on Monday arrested Simax Builder Private Limited managing director Nirmal Kumar Behera (42) on the charge of duping a customer of `5 lakh in fraudulent land deals.
Duped investors flay govt inaction
Aug 22, 2013
BHUBANESWAR: Scores of investors, duped by several chit fund companies in Odisha, took to the streets here on Wednesday, protesting against the lackadaisical attitude of the government in refunding their imoney.
Realtor-criminal nexus under Bhubeaneswar police lens
Aug 21, 2013
BHUBANESWAR: Controversial builders seem to be running an empire of hooliganism in the city, if the murder of Manmohan Pradhan is any indication.
Builder shot dead in heart of capital
Aug 13, 2013
BHUBANESWAR: Armed criminals on Monday gunned down a builder in the N-4 residential area in Nayapalli.
Realtor's murder in Bhubaneswar tip of the iceberg
Aug 13, 2013
BHUBANESWAR: The brutal killing of a realtor over alleged land dispute at Nayapalli on Monday brought to fore spurt in crimes, stemming from flourishing real estate business in the city.
Pyari for CBI probe into chit fund scam
Aug 05, 2013
BHUBANESWAR: Rajya Sabha member and president of Odisha Jana Morcha Pyari Mohan Mohapatra on Saturday reiterated his demand for a CBI probe into the multi-crore chit fund scam.
First sitting of the panel on chit fund scam on September 6th
Aug 05, 2013
BHUBANESWAR: The first sitting of Justice RK Patra Commission, which was set up to probe the multi-crore chit fund scam in State, will be held on September 6.

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