UP RERA approves revival of Elegant Infracon stuck project i

UP RERA approves revival of Elegant Infracon stuck project in Greater Noida

The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has given authorization to the developer of Elegant Infracon project in Greater Noida to complete the stalled project with the assistance of Floral Realtech. An audit by UP RERA revealed that completion of the project could raise Rs 120 crore, with Rs 65.93 crore from existing allottees and Rs 47.58 crore from selling unsold units. Floral Realtech will invest Rs 6.50 crore in the project.

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