Bhubaneswar, June 26 -- The Odisha Real Estate Appellate Tribunal (OREAT) set aside an earlier order of the Odisha Real Estate Regulatory Authority (ORERA) and directed the developer of a major housing project in Phulnakhra to execute a sale agreement for a flat booked by a homebuyer in 2018.

The tribunal held that the builder's cancellation of the allotment was arbitrary and discriminatory, according to a report by Times of India.

The order, passed earlier last week, replaces ORERA's May 2024 direction that asked the developer to refund the buyer's Rs 1 lakh booking amount with 9.5 per cent annual interest from 2018. Instead, OREAT ruled that the buyer continued to qualify as an allottee under the Real Estate (Regulation and Developmen...