On November 5, 2025, Odisha Real Estate Appellate Tribunal dismissed a developer's appeal, declaring unilateral flat cancellation arbitrary and illegal. It upheld a buyer's right to possession in a Bhubaneswar project after Rs 60 lakh payments, enforcing RERA protections and setting a key precedent for homebuyers statewide.
Jalandhar RERA enforces stronger financial checks and project viability assessments for developers, aiming to reduce construction delays and safeguard homebuyer investments.
India needs regulatory mechanism to protect flat buyers from illegal constructions, citing Campa Cola case, to ensure developers provide rights to societies in case of law breaches.
Odisha real estate builders fear market slowdown due to recent scams. CREDAI-Odisha Chapter forms scrutiny committee to restore trust.
HDFC chairman Deepak Parekh calls for real estate regulator to protect property buyers and enhance market transparency.