The Authority noted that if someone other than the promoter has title over the land where a project is proposed then the promoter must have written consent of such person for the development of the project and register a joint development agreement with the land owner to this effect
UPRERA will organize three days training program in which agents will be trained about RERA Act 2016, its provisions and compliance, UPRERA Rules 2016, regulations, directions being issued by the Authority, role and responsibility of stakeholders. The first set of certification courses will start from April 2024 in Lucknow
The sale of units or apartments on the basis of super area will be considered illegal and may attract action
The promoter has been ordered to pay interest of MCLR plus 1 percent to the allottee for the delayed period from April 2022 till the receipt of OC or CC, the authority said.
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.
As many as 2,500 RCs worth over Rs 800 crore were issued by the UPRERA in the financial year 2022-23 alone.
The real estate regulator has recommended several measures, including cancelling land allotments, to help over 1.65 lakh buyers. If implemented, the recommendations can resolve more than 70 percent of cases, UP-RERA Chairman Rajive Kumar tells Moneycontrol.
Lucknow tops with list of projects that have been surrendered, followed by Gautam Buddha Nagar and Varanasi.
Uttar Pradesh Real Estate Regulatory Authority had issued recovery certificates against the developer over non-payment of dues of Rs 136 crore
The EOI document containing the details of qualification criteria, submission requirement, brief objectives and scope of work and evaluation criteria can be downloaded from the website www.up-rera.in. The last date for submission is May 26.
CREDAI has said that whenever a project is delayed either due to faulty land acquisition by the authorities or encroachment of land, the developer is held responsible and homebuyers suffer, while no accountability is fixed on the state development authorities.
In a statement, the regulatory body said it has found that M3M has not completed the process of RERA registration of its project 'NOIDEA' and has started promotion and marketing for sale of the units, violating section 3 of the RERA Act.
The Authority has extended the last date by five days. Thereafter, developers who have failed to upload the report will be penalised.
Thousands of homes in Noida and Greater Noida are yet to be registered because the builders have not paid their dues.
UPRERA is reviewing projects whose completion date has expired, but so far neither have the promoters reported the completion of the projects nor have they applied for an extension of the completion date.
Data showed that the disposal rate of complaints in Gautam Budh Nagar and Ghaziabad remains at 88.4 percent and 86.4 percent, respectively.
Thousands of homebuyers have invested in projects that are incomplete, and they have been waiting for their flats as they pay home loan instalments and rent.
The Noida Authority has uploaded a list of all 115 group housing projects on its official website, providing information for prospective homebuyers. The list shows that the city has 21 completed projects, but registries have not taken place due to pending dues.
Sales and purchases in such projects may also be prohibited. Registration of new projects of these promoters may also be barred, said the Authority.
The violations pertain to residential units in the Migsun Ultimo project in Gautam Buddh Nagar, and a commercial unit in the Migsun Migenet project in Ghaziabad.
The Authority also directed the promoters to submit the compliance report within 15 days and deposit the penalty within 30 days. Otherwise the amount would be recovered as arrears of land revenue.
The Authority said that disposal of complaints was highest in 2022 and maximum complaints belonged to Gautam Buddh Nagar, Lucknow, and Ghaziabad districts of the state.
About 68% of the 215 projects registered in 2022 are in non-NCR districts and 32% in NCR districts of Uttar Pradesh, says UPRERA
UPRERA also directed the promoters to submit a compliance report within 15 days and deposit the amount of penalty within 30 days
Four real-estate projects were approved for rehabilitation under Section 8 of the RERA Act. Till date, the authority has approved 15 stuck projects for rehabilitation under Section 8. Out of this, Jaypee Greens’ Kalypso Court Phase-2 is ready to offer possession.