Bhubaneswar: Odisha Real Estate Appellate Tribunal (OREAT) will start functioning from 2nd September 2020.
The Tribunal has annouced Wednesday that it would commence judicial proceedings from 2nd of September 2020.
This has brought to an end the prolonged waiting of the people. In view of the risk in organising hearing in person, the Tribunal shall hear the cases through video conferencing and arrangements have also been made for making the order available to interested parties through e-mail.
“With functioning of OREAT, government of Odisha has joined the club of a few selected States, which have established regular Real Estate Appellate Tribunals”, said the Odisha urban development minister Pratap Jena while adding, “This is expected to bring in a huge transformation in the real estate sector and is likely to ensure absolute transparency in the transaction by effective handling of appeals.”
Justice Subash Chandra Parija, Retired Judge, High Court of Orissa, has been appointed as the chairperson of the Tribunal and Ishan Kumar Dash and Malaya Chatterjee have been appointed as members of the Tribunal.
In the mean while, space for the permanent office of OREAT has been allotted at Toshali Bhawan,Satya Nagar, Bhubaneswar and another fully furnished space has been allotted at Fortune Towers for the temporary office of OREAT. An officer of the rank district Judge Akhila Kumar Pashimakabat has also been appointed as registrar of the Tribunal.
Government of Odisha is conscious of these dynamics and therefore it was one of the pioneering States to have established Real Estate Regulatory Authority (ORERA) in accordance with the provisions of the Real Estate (Regulation & Development) Act, 2016. ORERA has been made operational three years back. Now it is an established institution and the number of application received for registration of projects and for resolution of disputes in ORERA is increasing rapidly.
Under the given circumstances, the grievances against the orders and directions of ORERA have also registered an increase.
For hearing appeals against the order of the Authority, Government was trying relentlessly to establish a full-fledged and regular Odisha Real Estate Appellate Tribunal (OREAT).