Apartment Sale Deed Registrations Resume in Bhubaneswar After Two Years
ECONOMY & POLICY

Apartment Sale Deed Registrations Resume in Bhubaneswar After Two Years

In a significant development for the real estate sector, the registration of sale deeds for apartments in Bhubaneswar has resumed after a hiatus of two years. This decision is expected to rejuvenate the property market and facilitate transactions that were previously stalled.

The resumption comes as a relief to developers and homebuyers alike, as it signals a return to normalcy in property transactions within the city. The halt in registration had been a major concern for stakeholders, impacting the pace of real estate activities and causing uncertainties among buyers.

Authorities have attributed the resumption to improved administrative processes and the easing of bureaucratic hurdles that previously hindered the registration process. This move is likely to boost investor confidence and revive interest in the Bhubaneswar property market.

The recommencement of sale deed registrations is anticipated to have a cascading effect on the local economy, generating revenue for the government and creating employment opportunities across various sectors linked to real estate.

As stakeholders adjust to the renewed registration process, there is optimism about the sector's recovery and its ability to sustain growth momentum. The focus remains on smooth execution and transparency in property transactions to support sustained development in Bhubaneswar's real estate landscape.

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

In a significant development for the real estate sector, the registration of sale deeds for apartments in Bhubaneswar has resumed after a hiatus of two years. This decision is expected to rejuvenate the property market and facilitate transactions that were previously stalled. The resumption comes as a relief to developers and homebuyers alike, as it signals a return to normalcy in property transactions within the city. The halt in registration had been a major concern for stakeholders, impacting the pace of real estate activities and causing uncertainties among buyers. Authorities have attributed the resumption to improved administrative processes and the easing of bureaucratic hurdles that previously hindered the registration process. This move is likely to boost investor confidence and revive interest in the Bhubaneswar property market. The recommencement of sale deed registrations is anticipated to have a cascading effect on the local economy, generating revenue for the government and creating employment opportunities across various sectors linked to real estate. As stakeholders adjust to the renewed registration process, there is optimism about the sector's recovery and its ability to sustain growth momentum. The focus remains on smooth execution and transparency in property transactions to support sustained development in Bhubaneswar's real estate landscape.

Next Story
Real Estate

Housing sales up 5% to 87,108 units across 8 cities in Q2 FY25: Report

Housing sales experienced a 5 per cent annual increase during the July-September period, reaching 87,108 units across eight major cities, driven by strong demand for premium homes, according to a report by Knight Frank India. The real estate consultant released its 'India Real Estate' report for the third quarter of the 2024 calendar year during a webinar, highlighting a moderate rise in housing sales, which contrasted with data from Anarock and PropEquity that indicated a decline in total sales across major cities during the same period. The report mentioned that the residential market had s..

Next Story
Infrastructure Urban

Telangana HC grants bail to Nizampet commissioner in HYDRAA case

Justice Juvvadi Sridevi of the Telangana High Court granted anticipatory bail to Municipal Commissioner P Ramakrishna Rao, who had been charged by the Cyberabad police following a complaint from HYDRAA. The complaint alleged that Rao had granted building permissions within the buffer zone of Errakunta Pond in Bachupally, under the Nizampet municipality. The judge concurred with the argument made by the Municipal Commissioners Association, which stated that the TG b-PASS system had bypassed the municipal commissioners, assigning the responsibility of approving or rejecting building permissions..

Next Story
Real Estate

NRI duped of Rs 30.6 million by Hyderabad real estate company

A Non-Resident Indian (NRI) from Nigeria lost Rs 30.6 million after being lured by a real estate firm that promised to provide him land in Kondapur, where a popular Tollywood hero served as the brand ambassador. After collecting the payment, the accused promised to register the property but ultimately deceived the businessman by making him wait at the sub-registrar's office without showing up. The victim approached the Cyberabad police and filed a criminal case against the proprietor of the real estate company. The complainant had been in search of land with potential for appreciation during ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000