UP RERA penalizes 5 builders with Rs. 1 lakh each for advertisement rule violations
Officials have stated that these builders were allegedly promoting and advertising their projects without a RERA registration number.
Source: indianexpress.com
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UP real estate authority slaps penalty on 5 promoters for flouting ads
The Uttar Pradesh Real Estate Regulatory Authority penalty of ₹1 lakh each on the five promoters.
Source: hindustantimes.com
Uttar Pradesh RERA: UP-RERA imposes penalty on five promoters in violation of advertisement and promotion rules, ET RealEstate
Uttar Pradesh RERA: According to the Pramod Kumar Upadhyay, secretary, UP-RERA, "the amount of penalty being imposed is only a token. As per the provisions of the RERA Act, this penalty could be up to 5 percent of the project cost but authority considered the conditions and imposed the penalty."
Source: indiatimes.com