Odisha Govt To Grant Freehold Status To Allottees In Residential Projects By DAs & OSHB; Check The Procedure Here

Bhubaneswar: The Odisha government has decided to grant freehold status to land and houses allottees in the residential projects completed by Development Authorities (DAs) and Odisha State Housing Board (OSHB).

According to Housing & Urban Development sources, land and houses have been allotted to more than one lakh households in the residential projects on leasehold basis. With this decision, the allottees no longer have to obtain NOCs from the competent authorities every time they intend to transact such properties.

Though there are provisions under the law, which allows conversion of leasehold land allotted by GA&PG Department to freehold status on payment of prescribed conversion fees, there is no such provision for conversion of land leased out by DAs and OSHB.

THE DECISIONS

>> Land and houses allotted in the residential projects completed by the DAs and OSHB shall be granted freehold status.
>> Conversion fees amounting to ₹1107.81 crore shall be waived in favour of DAs and OSHB
>> DAs and OSHB shall collect the prescribed conversion fees from the allottees and allow conversion of leasehold properties to freehold status.
>> Necessary amendment in the extant laws shall be effected by R&DM Department to ensure implementation of the decisions.
>> Freehold land shall be provided to DAs and OSHB for development of all the future residential projects.

These citizen-centric decisions will benefit more than one lakh households allotted properties by DAs and OSHB. Apart from this, all households intending to acquire properties in the residential projects, to be developed by DAs and OSHB, in future will have the privilege of possessing and transacting such properties in a hassle-free manner without having to obtain permission from anyone, the sources added.