Retail inflation projected to average 4.5% in 2024-25: RBI DG Patra

The Odisha government is planning to amend the Real Estate (Regulation and Development) Act (RERA) to facilitate the emergency sale of land. The proposed changes aim to streamline the process for selling land in cases of financial distress or other emergencies. The amendments will allow developers and landowners to expedite the sale of land to raise funds quickly. The government is also considering measures to protect the interests of buyers and ensure transparency in land transactions. The changes to RERA are expected to boost the real estate sector in Odisha and provide relief to developers facing financial challenges.