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The Bhubaneswar Development Authority (BDA) has converted 580 residential properties from leasehold to freehold, following the government's approval of such conversions. Out of 867 applications received, 462 were submitted through BDA's online portal. The initial phase covers 24 housing schemes, including developments in Pokhariput, Chandrasekharpur, Patrapada, and Bhimpur, with additional schemes to be incorporated in future phases. The conversion fee is set at 3% of the latest benchmark valuation for residential properties. Applicants must provide necessary documents, including a no-objection certificate for mortgaged properties and an affidavit confirming the absence of civil disputes. Encroachers on government or BDA land are ineligible unless they relinquish the encroached property.
Approximately a year after the government permitted the conversion of leasehold land into freehold in the city, the Bhubaneswar Development Authority (BDA) has successfully converted 580 residential properties. Advertisement
BDA has finalised the registration of 580 conveyance deeds from a total of 867 applications received, with 462 submissions made via its official online portal. Interested individuals can continue to apply through the BDA website, as stated in an official communication from the authority.
The initial phase of this initiative includes 24 housing schemes, such as Pokhariput Phases I, II, and III, Prachi Enclave plotted scheme in Chandrasekharpur, Lumbini Vihar housing scheme in Chandrasekharpur, Udayagiri Vihar in Patrapada, and Lingaraj Vihar in Bhimpur. The BDA has indicated that more housing schemes will be progressively included in the upcoming phases.
For residential properties, the conversion fee has been set at 3% of the most recent benchmark valuation of Gharabari Kissam land, as determined by the state government's registering authority for 2024.
In cases where properties are under mortgage, the BDA mandates the submission of a no-objection certificate from the respective financial institution before proceeding with the conversion. Applicants must also submit an affidavit affirming that no civil disputes are associated with the property. If a property is subject to an ongoing legal dispute, the application will only be processed after the resolution of the case and the submission of the final court order.
The scheme does not extend to individuals who have encroached upon government, public sector, or BDA-owned land. Such applicants must first vacate the encroached property and submit an affidavit confirming compliance, as per the BDA's directive.
Eligibility criteria require that applicants must have occupied the allotted plot with a constructed house for over five years and must have executed a lease deed with the BDA before applying for freehold conversion.
The BDA's initiative to convert leasehold properties into freehold aims to provide property owners with full ownership rights, facilitating ease of transaction and security in property dealings. With the initial phase covering 24 housing schemes, the authority intends to expand the scope in subsequent phases. The move is expected to enhance property value and ownership stability in Bhubaneswar's real estate sector.
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