Odisha Slashes Land Conversion Fee to 3% – Boost for Homeowners
Bhubaneswar, June 13, (Newshub Desk) – In a major policy shift to accelerate residential development, the Odisha government has reduced the conversion fee for leased land to freehold status from 10% to 3% of the Benchmark Value (BMV). The move, effective immediately, was approved during a cabinet meeting chaired by the Chief Secretary. The policy…