Over 100 builders from eight cities of the State met and discussed various issues relating to the real estate sector here on Saturday last.
The meeting was organised by the CREDAI Odisha, a leading real estate association. The issues like delay in project registration and block approvals halted by the RERA, compulsory registration of completed projects with the RERA in absence of occupancy certificate, payment of 7 per cent charges on Power of Attorney on basis of development agreement and non-refundable 2 per cent charges for executing sale agreement with customers under RERA Acts figured in the discussion.
The meeting was concluded with highlighting of the module followed by other progressive States and it was decided to meet the respective authorities and policy makers to brief the difficulties of realty sector and to request them to streamline the process for proper growth of the sector.
While many States have adopted many reforms to create more stocks of affordable housing in market, private developers in Odisha are unable to tap the market because of unreasonable revenue charges. Among othrs, DS Tripathy, SK Routray, BK Das, Madhu Mohanty, Md Muquim, Umashankar Panigrahy, Umesh Khandelwal, Anil Kumar Agrawal, SS Garabadu, PR Maharana, Prasana Kumar Padhy and Pankaj Motwani spoke.