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NOIDA: The second wave of the pandemic seems to have dealt a severe blow to the already ailing real estate sector. In Noida, Greater Noida and Ghaziabad, for instance, over a 100 realty projects are currently functioning sans sanctioned maps and registrations, according to the Uttar Pradesh Real Estate Regulatory Authority (UP-Rera). Affected are lakhs of homebuyers who have sunk their life savings in these projects. In fact, these builders are in a catch-22 situation as they do not have funds to pay up their dues to the respective industrial authority for which their plans are not getting periodic review. With plans not reviewed and stamped by the authority concerned, officials said, the UP-Rera is also not renewing their registrations without which they are not able to secure loans to help settle the government debts.

Uttar pradeshBalvinder kumarUttar pradesh real estate regulatory authorityGreater noidaஉத்தர் பிரதேஷ்பால்விந்தர் குமார்உத்தர் பிரதேஷ் ரியல் எஸ்டேட் ஒழுங்குமுறை அதிகாரம்அதிகமானது நொய்டா