The Odisha Real Estate Regulatory Authority (ORERA) has taken action against 113 real estate developers for failing to submit mandatory quarterly progress reports. These reports are essential for updating homebuyers about construction status, project timelines, and financial details. ORERA warned that continued non-compliance could lead to penalties, suspension, or cancellation of project registrations under the RERA Act. The authority emphasized that timely reporting is necessary to maintain transparency and accountability in the real estate sector. The move is aimed at protecting buyers’ interests and ensuring developers follow regulatory rules strictly across registered housing projects in Odisha.
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