UP-Rera cancels Registration of 3 Ghaziabad Projects

The UP Real Estate Regulatory Authority (UP-Rera) this week cancelled the registrations of three real estate projects in Pratap Nagar area of the city after it found that the builder was unlikely to complete the construction in the stipulated time and had not followed some other norms.

About 1120 flats in 1504 housing units across the three projects — Antriksh Sanskriti Phase-2, Antriksh Sanskriti Phase-3 and Raksha Vigyaan Sanskriti Phase-2 — had been booked so far.

The Authority took the decision after complaints by several homebuyers, who alleged a delay in construction and said the builder had failed to deliver their houses despite several extensions in deadline.

“Under the powers of the UP-Rera Act, the builder has been declared a defaulter and this has been conveyed to Rera offices of other states and Union territories,” an Authority official said on Wednesday.

“It has been decided by the Authority to freeze the bank accounts linked to the projects to block any transactions. The builder’s access to the UP-Rera website has also been restricted,” the official added.

The Authority has now created a project advisory and monitoring committee – comprising officials of UP-Rera and the Ghaziabad Development Authority (GDA) — to complete the construction.

“The committee will work on a plan to complete the unfinished projects in the larger interest of homebuyers” the official cited above said.

Work on the three projects began in 2015, and was to be completed by July 2022 (both Antriksh Sanskriti projects) and June 2023 (Raksha Vigyaan Sanskriti). “But an onsite inspection found that the builder, under no circumstances, would be able to complete the remaining construction and development work,” the official added. Construction work had been completed around 30-40% in the Antriksh projects and it hadn’t even begun in the third project.

For Raksha Vigyaan Sanskriti Phase-2 project, land was provided to the developer to build the flats; of these, 32% are to be owned by a cooperative society, according to a homebuyer.

Other homebuyers said the builder had promised to deliver the flats years ago. “I had booked a 2BHK but the builder failed to hand it over and kept extending the deadline. It’s now that the UP-Rera has taken action against the builder,” said Sandeep Singh.

Source: https://timesofindia.indiatimes.com/city/ghaziabad/up-rera-cancels-registration-of-3-ghaziabad-projects/articleshow/92400117.cms