ORERA issued a format for obtaining 2/3rd consent of Allottees u/s 12(2)(ii) of RE (R&D) Act, 2016

Oct 02, 2024 | by TeamLease RegTech Legal Research Team

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Industry Specific ComplianceThe Odisha Real Estate Regulatory Authority (ORERA) on September 30, 2024, issued a format for obtaining 2/3rd consent of Allottees u/s 12(2)(ii) of RE (R&D) Act, 2016.

The following has been stated namely: -

• It states that as per Section 14(2)(ii) of the RE (R&D) Act, 2016, promoters shall obtain written consent from at least two-thirds of allottees, excluding themselves, for apartments in a building, the need for a prescribed consent format has arisen.

• The format for obtaining consent of the allottees by the promoter is attached in the document below.

[Notification no. - 6772/0RERA, Bhubaneswar]


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