Odisha Apartment (Ownership & Management) Bill, 2023 Introduced In Assembly

Apartment buyers will now have exclusive ownership & possession of an apartment with the right to undivided interest in common areas & facilities. 

Promoter will execute Deed of transfer of apartment in the name of allottee & transferee along with undivided title in the common areas to the association of allottees under the provisions of the Registration Act. 

Penalty on promoter up to Rs 5 lakhs for unfair practices. 

This Bill will replace the ordinance.