Page 5 - Rera Act News Today

Noida: After imposing fines to the tune of Rs 4 crore on 25 builders for non-compliance of its orders in favour of homebuyers, UP-Rera is now hearing the offenders out one-on-one. Top executives of Supertech Group and the Logix group turned up at the regulator’s door on Wednesday and Thursday, respectively, to negotiate and make fresh promises for completion of flats to escape fines. “The meetings are being held with the erring builders on a one-on-one basis. However, there have been no di...

UP-RERA deregisters two projects of Ansal API, imposes Rs 1.6 crore penalty SECTIONS Share Synopsis RERA said that the strict action has been taken after the promoter could not provide a satisfactory response to the deregistration notices by the authority. A large number of complaints have been made by the allottees of the projects registered by the promoter with the authority, including non-possession of the units, non-refund of the amount deposited by the allottees, violating the terms and co...

Uttar Pradesh Real Estate Regulatory Authority (UP-Rera) has imposed a fine of Rs 2.5 crore on 11 builders for non-compliance of its orders in favour