odisha apartment ownership act 2023 pdf|odisha apartment bill 2023 update:The Odisha Apartment (Ownership and Management) Bill, 2023 was passed in the Odisha Legislative Assembly on Tuesday, a day after it was tabled in the House. Because the bill has several progressive and transformative provisions relating to the regulation of ownership of an individual apartment and its management, it will effectively safeguard the interests of the apartment owners.The Odisha Apartment (Ownership and Management) Bill, 2023 was passed in the state Assembly on Tuesday, a day after it was introduced in the House.
The new legislation seeks to replace the Odisha Apartment (Ownership and Management) Ordinance. It seeks to safeguard the rights of the owners and ensure proper maintenance as well as effective management of apartments.
It may be noted here that the Odisha Apartment Ownership Act, 1982 was enacted with a view of making provisions for ownership of an individual apartment which came into force on May 1, 1984 and the Odisha Apartment Ownership Rules, 1992 framed thereafter.
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odisha apartment bill 2023
In course of administration of the provisions of the Act and Rules, it was experienced that, there were some operational deficiencies. The Acts and Rules did not provide for appropriate definitions, jurisdiction & powers of the Competent Authority. The safeguards were not adequate to fully protect the interest of the apartment owners, Housing and Urban Development Minister Usha Devi had told the House while introducing the Bill.
Moreover, enactment of the Real Estate (Regulation and Development) Act, 2016, necessiates exhaustive amendments in the Odisha Apartment Ownership Act, 1982. Hence, it was decided by the Govt. to bring new legislation instead of going for exhaustive amendment of the existing Acts and Rules. The Odisha Apartment (Ownership and Management) Bill, 2023 have several progressive & transformative provisions relating to regulation of ownership of an individual apartment and its management.
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odisha apartment bill 2023 update objectives:
1. To regulate the use of common area in an Apartment
2. To create a common fund to meet the common expenses of an Apartment
3. To create necessary provisions relating to registration of common area in favour of Association of allottees in line with the provisions of RERA Act.
4. To provide for registration of Association of allottees with the Competent Authority to make uniform provisions for registration and its terms and conditions to be provided in the bye-laws
5. To clearly spell out the accountability and responsibility of promoters
6. To provide for Rights and Responsibilities of each apartment owner in relation to the Association of Apartment Owners
7. To provide for formation of Association of Apartment Owners
8. To create provisions for insurance of the Apartment and ensure its structural stability
9. To ensure compliance with the relevant Act, rules and Regulations to effectively safeguard the interest of the apartment owners
Odisha Apartment Ownership Bill 2023
The Odisha Apartment Ownership Bill 2023 has been passed In a recently held Odisha Legislative Assembly. The Legislative Assembly took place on September 26, where the Odisha Apartment Ownership Bill was presented. The new Odisha Apartment Ownership Bill 2023 was presented to replace the previous bill.
The Odisha Apartment Ownership Bill 2023 has many transformative provisions and progression that are beneficial to the owners. The main objective of passing the Odisha Apartment Ownership Bill 2023 is to safeguard the rights of the owners and effectively manage the apartments.
odisha apartment ownership act 2023 pdf
odisha apartment ownership act 2023 pdf Download
The PDF of the Odisha Apartment Ownership Bill 2023 can be downloaded through the authorized web portal of the Odisha Legislative Assembly. The PDF of this recently passed bill will contain all the rules and regulations and other necessary information.
The new bill was introduced in the Assembly by Usha Devi, Minister of Housing and Urban Development. Presenting the Odisha Apartment Ownership Bill 2023, the minister explained the circumstances and necessity to introduce a new and updated bill.
The Odisha Apartment (Ownership and Management) Bill, 2023, a new piece of legislation to replace the Odisha Apartment (Ownership and Management) Ordinance was tabled in the Assembly on Monday.
Introducing the Bill in the House, Minister of Housing and Urban Development Usha Devi explained the circumstances in which the state government promulgated the Odisha Apartment (Ownership and Management) Ordinance, 2023 to regulate apartment ownership and management.