Noida: sending a strong message to developers who have not obeyed the previous orders, Uttar Pradesh Real Estate Regulatory Authority (UP-Rera) has imposed a punishment of RS 1.08 Crore in seven developers.
All seven builders have failed to provide units for their buyers in the defined deadline.
While four have a project in Noida, two comes from Ghaziabad and one based in Meerut.Toi has learned that the up-ra chairman, along with the Secretary and three members, held a meeting on January 24 to review the status of his order.
At the meeting, they saw that several developers, despite looking for additional time from the regulator to fulfill the obligation, failed to comply with direction.
Buyers, meanwhile, continued to appeal them before the authorities to get maturity payments and allotment.
Invoking the Rera Law, the regulator slapped the highest sentence of Rs 35.41 lakh at Gardenia India Limited.
During the examination in October last year on the command of the Rera, a team of experts visiting the Gardenia Gateway project in the 75 sector will be completed in two stages.
However, several anomalies were detected during the project survey and many facilities promised to the buyer remained incomplete.Similarly from Ghaziabad, Sarvottam Realcon Pvt Ltd was asked to pay Rs 27.08 lakh while urban Ansal Condominiums had a deposit RS 3.09 Lakh.
Alpha Corp.
Development Pvt Ltd, which is developing a project on Jalan Raya Meerut-Muzaffarnagar has been asked to pay Rs 8.75 cases Lakh.in Developers fail to deposit the number of penalties within 15 days, officials, regulators can issue a recovery certificate for them And asked the local government to attach their property to restore Money.in another development, the regulator has extended the deadline for developers to submit a report on the quarterly of their project quarterly with two months.
“They will now get up to 28 Feb to upload details about our portal,” said a Rera official.