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Antriksh Sanskriti is the 17th project in UP where UPRERA has authorised the promoter and AoA to complete the construction and development work. More projects could get such nod, says UPRERA acting chief.
Ajnara Le Garden Phase-3, which is only 35 percent complete, is expected to have 585 residential units spread across four towers — K, L, M, and N. Till now, 476 units have been sold, with 109 units remaining to be sold.
Karnataka does not have provisions for deemed conveyance. The chairman said that the old developer is still liable to pay compensation in cases of delayed execution of projects.
The court overturned an order passed by the Karnataka Real Estate Regulatory Authority and directed the developer to refund homebuyers' money.
Started by Nirmal Lifestyle in 2009, the project stalled, and was sold off to Ricardo Constructions of Shapoorji Pallnji in 2019. The latter promised possession by 2021, but failed to do so.