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Odisha Brings In New Building Standard Rules To Boost Investment In Real Estate Sector

Bhubaneswar:   Housing and Urban Development Minister Pratap Jena today announced the Odisha Development Authority (Planning & Building Standard) Rules 2020.

“Today on behalf of the Urban Development Department we have brought the Odisha Development Authority (Planning & Building Standard) Rules 2020,” informed Jena briefing reporters here today.

The Minister said that the main objective behind bringing these rules is to boost investment in the real estate sector.

The other objective is that people constructing small houses do not face hassles, he added.

Jena said these rules will facilitate construction of vertical rise buildings in the future when land will be in short supply.

He stated that building rules have been simplified to give a boost to investment in the real estate sector which will ultimately have an impact on Gross Domestic Product (GDP).

The Minister was of the view that the new rules will facilitate the construction of more houses and do away with the shortage of housing in urban areas.

Jena said that in the new rules special emphasis has been laid on fire protection.

Special emphasis also has been laid in the new rules so that the common man does not face difficulties in constructing a house, he added.

The new rules are aimed at bringing uniformity of norms and procedure and do away with a majority of the provisions of the multiple regulations notified by different Development Authorities, said a press note issued by the Urban Development Department.

This will help us to introduce a common online platform for building plan approval throughout the State, it added.

These rules are both proactive and progressive. These will address the concerns of all the segments of the urban population.

There are many exemptions, relaxations and incentives, which will not only make the small private buildings easy to plan, construct and occupy, it will also encourage construction of large scale high-rise projects to make the housing units more affordable.

The setbacks have been relaxed for almost all the categories of buildings.

The restriction of maximum FAR (floor area ratio) on low-risk buildings has been removed.

As many as 108 pre-approved designs for low-risk buildings have been made readily available, which will not only reduce the dependency of people on the architects, technical persons and the Planning Authorities, the plans will also get approved almost instantly.

Now construction of houses and obtaining Occupancy Certificates will be much easier than before.
Provisions have also been made for development of commercial use in the residential buildings.
These are all going to help increasing housing stock considerably.

The rules also facilitate significant improvement in Affordable Housing sector through a lot of relaxations and exemptions.

The setbacks, approach road, parking and many other building norms have been relaxed to attract more and more investment in the housing sector. However, what is most significant is the amendment of the Policy for Housing for All in Urban areas, Odisha, 2015, which is going to attract more private partners to come forward to collaborate with Government in construction of Affordable Houses for the EWS and LIG category.

Now the private developer can get 60% of the project land on a freehold and free of cost basis for developing affordable housing over 40% of the project area.

Our State is the first in the entire country to take such a path-breaking and progressive initiative.

Besides, 20% of all plotted developments will have to provide for EWS and LIG categories.

It is also expected that the rules will give a boost to the Real Estate Sector substantially.

The Rules have raised the limits of maximum FAR up to 7, which is the highes…

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