ODISHA GOVERNMENT MAKES APARTMENT REGISTRATION EASY
Bhubaneswar (17/02/2024): The Housing and Urban Development department notified the Apartment (Ownership and Management) Rules, 2024. The rules provide for registration and formation of an association of allottees and provision for modification of bye-laws of the association of the allottees or apartment owners among others.
The rules aim to regulate the use of common area in an apartment.
It will also help create a common fund to meet the common expenses of the same. Necessary provisions have been made relating to registration of common area in favour of association of allottees in line with the provisions of RERA Act. It provides 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.
It also clearly spells out the accountability and responsibility of promoters. The rule provides for Rights and Responsibilities of each apartment owner in relation to the association of apartment owners and to create provisions for insurance of the apartment and ensure its structural stability. It will ensure compliance with the relevant Act, rules and Regulations to effectively safeguard the interest of apartment owners.
