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About Orimark

FAQs


Checkout our (FAQ) Frequently Asked Questions and Answers on buying, selling and renting properties in Odisha, India. Our Properties FAQ section is designed to provide insightful answers to common queries about buying, selling, renting, and managing properties with ease. If you are planning to buy residential and commercial properties in Bhubaneswar and other cities in Odisha, then explore our comprehensive FAQs resource to gain valuable insights and make informed decisions in the dynamic world of real estate and properties market.



Established in 1993 by Mr Swaroop Ranjan Mahapatra, Orimark Properties (RERA registered) has helped more than millions of property seekers find their dream properties through the efforts of our dedicated employees. For 31 years, we have sold 30 lakh+ sq ft of property, leased out 9 lakh+ sq ft of space and had 100000+ clients consulted.
Whether buying or selling, renting or leasing residential or commercial properties including apartments, villas and plots, we list a range of properties through our web and mobile platforms. Our listings include everything from new, resale, under construction and upcoming properties in the temple city.
Carpet Area: The Carpet Area is the actual usable area within the walls of an apartment. It is the space where you can place a carpet.
Built-Up Area: The Built-Up Area includes the Carpet Area plus the area occupied by the walls. It incorporates the total floor space covered by the building, including interior walls.
Super Built-Up Area: The Super Built-Up Area is the sum of the Built-Up Area and a proportionate share of common areas like the lobby, staircase, elevator shafts, etc. It includes the shared spaces of the building that benefit all residents.
A buyer could ask you for the original Sale Deed, Title Deed, relevant tax receipts and Encumbrance Certificate.
Yes. You can get it done at the sub-registrar's office of the concerned district.
The sale of a residential property is said to have been formalized if the seller has received the entire consideration amount, registration of the documents has been carried out and actual possession of the property has been granted to the buyer.
To sell your property, you need to fill out an enquiry form on our website's home page. Then our property experts will connect with you and discuss in details for the properties you wish to sell.
Property is considered a capital asset and Capital Gains Tax is levied on the gains arising from the sale of property. Such gains are calculated after adjusting the inflation rate, transfer and renovation charges.
Stamp Duty is the tax paid for the legal recognition of property. The home buyers pay for it. You can claim tax incentives of up to Rs 1.5 lakh on stamp duty and registration charges on a new property purchase or construction of a house. However, these benefits are available for only one self-occupied property.
The difference between a leasehold property and a freehold property lies in its ownership. In a leasehold property, the ownership remains with the concerned local authority or the government (as the case may be). The lease period varies typically between 30 to 99 years. But, this does not prevent the individual owner from selling or performing other transactions with the property, provided the lease deed is registered.

In case of a freehold property, the owner of the property is the legal owner and can sell/lease/rent the property as per his/her wish.
Yes, you can execute a Special Power of Attorney to get your property registered by someone else.
Registration of a property includes necessary stamping and paying of registration charges for a sale deed and getting it recorded at the sub-registrar's office of the concerned jurisdictional area. If a property is purchased from a developer directly, getting it registered amounts to act of legal conveyance. In case the purchased property is a second or third transaction, it involves a duly stamped and registered transfer deed. Nowadays, property registration.
Ready-to-move-in properties are completed and can be occupied immediately. Under-construction properties are still being built and may take some time for possession.
It refers to the registering of documents relating to transfer, sale, lease or any other form of disposal of an immovable property. Registration is compulsory by law for all properties under Section 17 of the Indian Registrations Act, 1908. Once a property is legally registered, it means that the person in whose favor the property is registered is the legal owner of the premises and is fully responsible for it in all respects.
a. Original copies of the chain of title agreements and Building Plan approvals
b. Original registration and stamp duty receipts
c. Possession Letter
d. Original share certificate (In case of societies)
e. Proof of payment of all dues like maintenance charges, electricity bills, phone, water and property taxes up to the date of handing possession
f. NOC from the Society or other concerned body confirming no objection to the transfer
a. Project approvals can be verified from the corporation or the sanctioning authority's office
b. Ownership documents can be confirmed from the Sub Registrar's office where they are registered
c. Share certificates related to societies can be verified by the concerned Society itself
Clear and marketable Title, Sale Deed, Encumbrance Certificate, latest tax receipts, Occupancy Certificate, Building Plan Approvals and Possession Certificate.
Sale Deed, No Objection Certificate (NOC) from the builder, NOC from banks, Building Plan approvals, Completion Certificate, PAN Card and Photographs.
Allotment papers of the plot, Building Plan approvals, Transfer Deed (in case of multiple owners), Sale Deed, PAN Card and Photographs.
a. Title Deed (Sale Deed): Verify the seller's ownership of the property through the title deed
b. Approved Building Plan: Check for the approved building plan from the local municipal authorities. Ensure that the construction adheres to the approved plan.
c. Completion Certificate (Newly Constructed)
d. Commencement Certificate(Under-construction property)
e. Conversion Certificate(If agricultural land is covered to non-agricultural)
f. Encumbrance Certificate: This document confirms that the property is free from legal liabilities or mortgages. It ensures that there are no pending dues or legal issues.
g. Property Tax Receipts: Verify that the seller has paid all property taxes up to the current date. Outstanding tax amounts can become the responsibility of the new owner.
h. Occupancy Certificate: If the property is a newly constructed building, make sure it has an occupancy certificate. This certifies that the construction is in compliance with local regulations and is safe for occupancy.
i. NOC from Relevant Authorities: If the property is in a development area, check for a No Objection Certificate (NOC) from the concerned authorities, ensuring compliance with zoning regulations.
Consider factors such as location, budget, size, amenities, and future potential for appreciation. Our properties experts can provide detailed insights to help you make an informed decision.
RERA stands for Real Estate (Regulation and Development) Act, which aims to protect the interests of homebuyers and promote transparency in the real estate sector. It ensures the timely completion of projects and fair practices.
Yes, our company is registered under RERA, assuring our customers that we adhere to the regulatory guidelines and standards.
RERA ensures transparency in project details, timely project delivery, fair practices, and provides a platform for grievance redressal. Homebuyers can make informed decisions and have a reliable mechanism to address concerns.
RERA registration discloses project details such as layout, approvals, timelines, and financial aspects. This information empowers homebuyers to make well-informed decisions.
You can check the RERA registration status on the official RERA website. We also provide RERA registration details for our projects, ensuring transparency.