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Real Estate Act approved by Odisha state cabinet


Today Odisha state cabinet approves Real Estate act 2016. Mostly Odisha Housing and Urban development minister Pushpendra Singh Deo said to media that this new act will help for transparency of properties sale and purchase. He is also said that this was work will head by a retired Chief Justice. He is also said that Real Estate Regulatory Authority will create by the head of a Senior officials of Additional Secretary rank. Also this regulatory authority head will selected by three member are Odisha govt Chief Secretary, Law Department secretary and Urban Development secretary.

Also in this act will help people for protecting from the any types of real estate fraud. Also minister said that property sale or purchase for registration is mandatory.  For without registration of sale or purchase any property then will get jail term and fine. Mostly this new Real Estate act will help people to easily purchase or sale property without facing any types of fraud. Before date Union govt is passed the Real Estate act in both parliament houses. Readers we will up;date all new about this topic.
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