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For this, the promoter of the project, Elegant Infracon, has collaborated with Floral Realtech and presented a plan of project rehabilitation according to which the project will be completed in next 12 months to obtain Occupancy Certificate (OC). ....
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. ....
Get latest articles and stories on India at LatestLY. The Uttar Pradesh Real Estate Regulatory Authority (RERA) on Monday said it has slapped a combined penalty of Rs 1.77 crore on 13 real estate developers over non-compliance with its orders. India News | UP RERA Imposes Rs 1.77 Cr Penalty on 13 Real Estate Promoters over Non-compliance of Orders. ....