UP RERA has also issued a show-cause notice to Greater Noida development body which faces a penalty of over Rs 3 crore and Ghaziabad development body which may have to pay about Rs 1.39 crore
All real estate projects will continue to be under the purview of UPRERA for five years even after a CC and OC have been issued
Questions UPRERA if it has safeguards in place to protect homebuyers against widespread complains of missing facilities and amenities, incomplete common areas and internal and external developments.
Around 6,000 complaints were registered against 20 real estate firms in Uttar Pradesh of which Ansal Properties had the highest number of complaints (1269), followed by Supertech with 817 complaints.
Ansal API given 30 days to pay up the fine. No plans to de-register the developer at this stage
While some realtors have moved against homebuyers for non-payment of dues, others have filed complaints against authorities for not issuing completion certificates on time.
UP RERA decided to deregister the project after it found serious financial irregularities and cases of double allotment.
As many as 100 real estate developers in NCR are untraceable and have submitted mobile numbers of their staff
A unified system of clearances is expected within the next four months, UP RERA chairman Rajive Kumar tells Moneycontrol.
Most developers either did not have maps sanctioned by competent authority or the documentation in place. All of them would now have to reapply for RERA registration after completing all formalities.