RERA Master

  CA Ramesh Agrawal RERA registration of 3 real estate projects have been cancelled by Uttar Pradesh Real Estate Regulatory Authority (UP-RERA). As per the officials’ statements, the promoters of Raksha Vigyan Sanskriti Phase-2, Antriksh Sanskriti Phase-2 and Antriksh Sanskriti Phase-3 have violated provision of the RERA law. These builders have not followed order issued by Authority & project was not completed risking the investments of the allotees. In the allotees mostly are present & former government employees. As per RERA officials, many complaints were received regarding these projects. Authority conducted a site inspection of these projects & they found out that chances of completing the projects is uncertain. Construction & Development work for these 3 projects was started in 2015 was schedules to be finished by July 22 & June 23 respectively. ‘Project Advisory and Monitoring Committee’ has been constituted under Mrs Kalpana Mishra, member of the authority

  CA Ramesh Agrawal The Builder will have to refund the amount with interest to Homebuyer if possession of the flat is not given on time. Jaypee Builder has been ordered by The National Consumer Disputes Redressal Commission (NCDRC) to refund the money along with interest for non-delivery of the booked flats in the Cove Greater Noida Project located at Jaypee Sports Green City in Yamuna Expressway Industrial Development Authority Area. This action was taken on the complaints of Jaypee Cove Buyers Association filed by 71 home buyers. NCDRC has ordered the builder Jaiprakash Associates Limited to return the entire amount deposited by homebuyer within 6 Weeks with simple interest @ 9%. Apart from interest the builder will have to give Rs. 50,000 to each of the complainants home buyers. These flats were booked in 2011-2012 & almost 90-95 percent amount was paid by homebuyers to builder. The specified period for handing over the possession of flats was 42 Months. The Homebuyer associati

CA Ramesh Agrawal In Uttar Pradesh’s Noida, over 50 Farmhouses which were illegally developed along the Yamuna floodplains were razed down during an anti-encroachment drive. As per Noida Authority the area of demolished properties is 1.45 Lacs Sq. Mtr. & having value of approx Rs. 55 Crores. According to officials any type of construction is prohibited in (Yamuna) Floodplains areas of Noida. Noida Authority’s Officer on Special Duty (Land) said that besides Gulawali, illegal farmhouses and constructions in Tilwada Village were also demolished during the operation. Altogether 55 Farmhouses & some illegal constructions were razed during the anti-encroachment drive. For the entire process, about 150 Employees of Noida Authority including senior officials were present on the site along with Police & PAC personnel. As per officials 9 JCB & 8 Dumpers were involved in the process. Moreover, the officials said that the Noida Authority will take up action & legal action will