The Ultimate Homebuyer’s Checklist: Understanding RERA in Angul (2025 Edition)

Buying a home is one of the most significant financial decisions you will ever make. In the past, homebuyers in Odisha often faced uncertainty regarding project timelines and hidden costs. However, the introduction of the Real Estate Regulatory Authority (RERA) has changed the game.

 

If you are looking for an apartment in Angul – whether it’s in Hulurisingha or Nalco Nagar – understanding how RERA protects you is essential. Here is your educational guide to being a “RERA-smart” buyer in 2025.

1. What exactly is RERA Odisha?

RERA (Odisha) is a government body established to bring transparency to the real estate sector. Every major residential project must be registered with RERA before a developer can even start advertising. This ensures that the developer has all the necessary land titles and government approvals in place.

2. The "RERA Checklist" for Every Buyer

Before you sign any agreement or pay a booking amount, check these four critical factors:

  • The Registration Number: Every project must display its RERA number. For example, our flagship project, Aum Om Plaza, is registered under RP/01/2022/00814. You can verify this on the official Odisha RERA portal.
  • The Escrow Account Rule: Under RERA, developers must deposit 70% of the money collected from buyers into a dedicated escrow account. This money can only be used for the construction of that specific project, preventing the diversion of funds.
  • Carpet Area vs. Super Built-up: Gone are the days of confusing “loading factors.” RERA mandates that developers sell properties based on Carpet Area (the actual usable floor space). This ensures you know exactly what you are paying for.

Defect Liability Period: Did you know that RERA provides a 5-year warranty? If any structural defects or workmanship issues appear within five years of possession, the developer is legally obligated to fix them at no extra cost to you.

3. Why Buying RERA-Registered Projects in Angul Matters

In a growing city like Angul, many small-scale projects may try to bypass regulations. Choosing a RERA-registered developer like Aum Assets offers you:

  • Timely Delivery: Developers face heavy penalties for delays, ensuring your “Ready to Move” date is honored.
  • Legal Security: You are guaranteed that the land is free from legal disputes.
  • Easier Home Loans: Most major banks in Odisha will only provide home loans for projects that have a valid RERA registration.

4. How to Verify a Project in 3 Simple Steps

  1. Visit the official rera.odisha.gov.in website.
  2. Go to the ‘Projects’ tab and select ‘Online Projects.’
  3. Enter the project name (e.g., “Aum Om Plaza”) or the registration number to view the current status, approved plans, and completion dates.

Conclusion

Transparency is the foundation of trust. At Aum Developers, we believe that an informed buyer is a happy homeowner. By choosing a RERA-compliant project, you aren’t just buying an apartment; you are investing in peace of mind.

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