Page 6 - Up Rera News Today

Only Maharashtra and Uttar Pradesh have been particularly proactive in making conciliation as their anchor dispute resolution strategy.

Approved during a board meeting on June 26, the scheme is set to be implemented from August 1 to August 31, providing a one-month window for eligible allottees to avail themselves of the scheme.

Till June, Rera has issued 781 recovery certificates worth Rs 142 crore, of which only 117 certificates, or 14.9%, worth Rs 17.3 crore have been realised, officials said.

As per a judgment of UP RERA dated June 26, 2023, there were complaints that the promoter M/s Ansal API was illegally selling some of the areas in the high-tech township without registering the same with the UP RERA.

The UPRERA said there were complaints that the promoter Ansal API was “illegally selling” some of the areas in the hi-tech township Sushant Golf City without registering the same with the regulator.

The authority has prohibited Ansal API from creating any third party interests or making any transfer/sale by way of a registered sale deed or agreement or MOU or through any other instrument of any area in any of its projects registered with RERA or of the area not registered with RERA.

The Uttar Pradesh Real Estate Regulatory Authority (RERA) on Tuesday said it has barred realty firm Ansal API from sale or transfer of any residential

A committee may suggest that RERA be strengthened to improve the execution of recovery warrants issued against defaulting real estate developers.

It has also been notified by Authority that Gautam Buddh Nagar and Lucknow are the top two districts in terms of the number of complaints filed. More than 47,000 complaints have been registered and more than 42,000 have been disposed of.

The new projects include 32 residential and 4 commercial projects and the estimated value of these projects is worth Rs 3648.35 crore.