Jaipur: First, Rajasthan Real Estate Regulatory Authority (Rera) has taken a housing project from developers in Tijara in Alwar after the promoter failed to meet the settlement deadline.
After the promoter, Sarv was awake, failed to complete the Project Aravali Gardens in the deadline; The move was taken by the authority.
The project was registered on November 27, 2013 and the deadline for building the project was October 25, 2020.
Rajana Rajesh Ramesh Chand Sharma said according to the proposal, a total of 905 flats were proposed to be built in six blocks where 650 residents had booked an apartment.
“Only the first floor has been built in many years.
Notifications issued after receiving their ordering complaints.
The action was taken after the promoter failed to submit a reply.
Rera will auction of property to pay investors or complete the project after hiring third parties according to the clause,” he said.
In December 2019, Rera directed the developer to restore the number of investor orders after adding 10.75% interest.
But, the developer failed to obey the instructions.
After this, Rera has written a letter to the district collector.
“Although the reminder of the developer did not give a reply.
On January 23, 2020, the registration of the Project was canceled and the Rera seized the account,” the official said.
A official said for the monitoring of the project near the project, Rera has also issued a notice to around 415 developers in the state because they did not send quarterly progress reports.
According to mandatory provisions, a promoter must upload updates on the Rera website for the project at the end of each quarter in the apartment / flat, the status renewal of each building.
A senior official in Rera said, “After issuing a notice, the developer will be given time to submit their reply in October.
Registration will be canceled if the answer is unsatisfactory.” After the implementation and implementation of real estate laws (regulation and development), 2016, A total of 1,635 projects have been registered under the Rera throughout the state.
“Extensions have been given to 561 projects in the state,” said an official.