Check out the details about Odisha Apartment Ownership Bill 2023 PDF – What it is & What are the rules from this article. Different details about Odisha Apartment Ownership Bill 2023 PDF – What it is & What are the rules and other significant details are included in this article.
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.
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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 Bill PDF 2023
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 owners and promoters of the Apartment will have to comply with the new rules and regulations of the Apartment Ownership Bill 2023. Furthermore, essential provisions regarding the registration of common areas in favour of the Association of Allottees will also be introduced. The rights and responsibilities of every apartment owner will be clearly mentioned.
Why was the Odisha Apartment Ownership Bill 2023 Introduced
Usha Devi mentioned that during the course of administration, it was observed that the Act and Rules have certain deficiencies in their operation. These deficiencies include inappropriate definitions and jurisdiction and powers of the competent authority. In addition, the safeguarding of the interests of the apartment owners was also inadequate.
Furthermore, she mentioned that the enactment of the Real Estate Act has made it easier to introduce a new amendment to the Odisha Apartment Ownership Act of 1982. Therefore, they proposed new legislation instead of an exhaustive amendment to the Act.
Over the years, it has become necessary to grant individual apartment owners the rights to common areas and facilities associated with their apartments, as well as the maintenance responsibility. Additionally, these apartments and their interests should be made heritable and transferable.
In view of cases being filed to challenge the notification of the 2021 Odisha Apartment Ownership Rules, the registrations of the apartments have been halted, and the government is losing the revenues. Therefore, the enactment of a new amendment has become necessary to address this difficult situation.
What is the Odisha Apartment Ownership Bill 2023
Some of the main goals of the Odisha Apartment Ownership Bill 2023 include regulating the use of the Apartment’s common area, creating the necessary provisions related to the common area registration, providing rights and responsibilities to the owners, and creating the Association of Apartment Owners.
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In addition, the Odisha Apartment Ownership Bill 2023 also includes creating provisions for insurance of the Apartment, ensuring structural stability of the Apartment, ensuring compliance with the relevant acts and rules, and creating a common fund to meet the Apartment’s expenses.
What are the rules of Odisha Apartment Ownership Bill 2023
The new rules and regulations of the Odisha Apartment Ownership Bill 2023 will soon be provided by the government. In addition, other necessary information, including the date on which the new rules will be applied, will also be provided. The government plans to create a common fund to meet all the common expenses of an Apartment.
The Apartment Ownership Act was created to promote apartments and group housing. However, with the changing times, introducing new amendments and rules has become essential. In addition, the new Odisha Apartment Ownership Bill will also introduce regulations in which the promoters’ accountability and responsibilities must be clearly mentioned.
Aside from this Apartment Ownership Bill, the government also introduced five additional bills for other purposes. As mentioned, the Odisha Apartment Ownership Bill 2023 was recently presented in the Assembly. Therefore, there is only limited information available on the recently passed apartment ownership bill. It is expected that very soon, the government will provide more in-depth information on the Apartment Ownership Bill 2023.
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