Bhubaneswar: In a significant decision Odisha government has granted permission for freehold status to land and houses allotted by the Development Agencies (DA) and Odisha State Housing Board (OSHB).
Official sources here Sunday said the decision will benefit more than a lakh people across the state. There are about 99 projects developed over 2797.492 acres of land in the entire state.
However, in the absence of any law for the conversion of such properties to freehold status, the allottees who were facing serious hardships have been consistently demanding freehold status for such properties.
Conversion fees amounting to Rs 1107.81 crore shall be waived in favour of DAs and OSHB. DAs and OSHB shall collect the prescribed conversion fees from the allottees and allow the conversion of leasehold properties to freehold status.
Housing & Urban Development sources said all the households intending to acquire the properties in the residential projects, to be developed by DAs and OSHB, in future will have the privilege of possessing and transacting such properties in a hassle-free manner without obtaining permission from anyone.
UNI
