BHUBANESWAR: In a move aimed at reducing procedural delays and improving ease-of-doing business in the real estate sector, the state government has dispensed with the requirement of obtaining separate endorsements from the competent authority for every subsequent apartment transfer within a registered project.
The decision has been taken under Section 35 of the Odisha Apartment (Ownership and Management) Act, 2023, which empowers the government to exempt certain requirements, said a special order issued by the additional chief secretary, Housing and Urban Development department, Usha Padhee on Friday. The order comes into force with immediate effect.
Under the existing framework, promoters are required to execute the first deed of transfer in favour of an allottee or transferee in Form-F and a deed of transfer in favour of the association of allottees in Form-G. The competent authority verifies the prescribed documents and makes an endorsement before the deed is presented for registration.
The government said that requiring such endorsement on every individual deed resulted in repetitive scrutiny and avoidable delays, particularly in large apartment projects involving numerous transfers.
Under the new mechanism, the endorsement made on the first deed of transfer, following verification of the documents prescribed under the Act, will be treated as the endorsement for the entire registered apartment project. Consequently, subsequent deeds within the same project will not require separate endorsement by the competent authority and can be directly presented before the registering authority.