Vidhi Codex

The Odisha Apartment (Ownership and Management) Act, 2023

The Odisha Apartment (Ownership and Management) Act, 2023

General202339 sections

This law governs the ownership, management, and transfer of individual apartments and shared common facilities across Odisha. It applies to property developers, apartment buyers, unit owners, and tenants of both residential and commercial buildings built on freehold or long-term leasehold land. The legislation matters because it grants apartment owners clear legal titles and heritable rights over their units alongside proportionate ownership of shared spaces like lobbies, elevators, and grounds. It obligates developers to hand over project documents and maintenance funds to a registered owners' association, fixes developer liability for structural defects for five years, and establishes clear rules for collecting common maintenance expenses and resolving property disputes.

Start reading →Read full ActSections
  1. 1. Short title,extent and commencement.
  2. 2. Applicability.
  3. 3. Definitions.
  4. 4. Apartment to be heritable and transferable.
  5. 5. Compliance with the covenants and bye-laws.
  6. 6. Encumbrances against apartments.
  7. 7. Ownership of additional built-up area.
  8. 8. Execution of deed of transfer.
  9. 9. Promoter to submit declaration.
  10. 10. Obligation of Promoters
  11. 11. Rights and responsibilities of allottees
  12. 12. Responsibility of apartment owners
  13. 13. Liability of unpaid common expenses at the time of transfer of apartment
  14. 14. Formation of association Of allottees
  15. 15. Procedure of forming the association of allottees
  16. 16. Bye- laws of the association of allottees
  17. 17. Common expenses to be the first charge
  18. 18. Common profits and expenses
  19. 19. Association to reduce the utilities or supply of service
  20. 20. Insurance
  21. 21. Verification of structural stability of old building
  22. 22. Disposition of Property, destruction or damage
  23. 23. Competent Authority and its powers and functions
  24. 24. Functions of the association of allottees to be discharged by the Competent Authority
  25. 25. Appointment and powers of the Appellate Authority
  26. 26. Penalty
  27. 27. Offences by company
  28. 28. Separate assessment
  29. 29. Redevelopment
  30. 30. Act to be binding on apartment owners, tenants, etc.
  31. 31. Competent Authority and Appellate Authority to be public servants
  32. 32. Protection of action taken in good faith
  33. 33. Powers to make rules
  34. 34. Power to remove difficulties
  35. 35. Powers to exempt
  36. 36. Act to override other
  37. 37. Removal of doubt
  38. 38. Repeal and savings
  39. 39. Repeal and savings

PDF: pending for this language.