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RERA cancelled registration of 3 Projects


 

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 to decide that what further course of actions to be taken & for completion of take remaining development work of these 3 Projects u/s 8 of the RERA Act 2016. Various attempts were made to contact Rakesh Yadav (Director) of Antriksh Realtek Pvt Ltd for the comments, but he did not respond.

Allotees said that they approached various authorities in UP to get the issue resolved, in fact they even reached out to PM Office as well. They made a Final Representation to UP-RERA, following to which the registrations of 3 projects have been cancelled.

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Comments

  1. Reg24 July 2022 at 20:00

    Great to see RERA effect on errant builders. Hope this will put an end to all the fraudsters who enter this business

    ReplyDelete

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