UP-RERA to issue show-cause notice to builders with stuck projects

New Delhi

Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has decided that if there is no progress in completion of the residential projects, the authority will issue show cause notice to deregister their projects.

It further said that the notice will also be issued if the builder fails to deliver projects, fails to show his keenness to deliver flats, if the builder does not resume construction and is absconding or in jail.

The authority in the last few days has issued deregistration notices under Section 7 of the RERA Act to seven builders for failing to meet their commitments to buyers covering 14 projects and approx. 4800 residential units.

Their matter is still under active consideration at various stages.

UP-RERA has also sent notices to many developers over bad construction quality and project delays.

Under RERA Act 2016, Section 8 provides an indication that the Authority can provide a platform to take up stressed projects and bring them to completion.

Source: www.realty.economictimes.indiatimes.com/news/regulatory/up-rera-to-issue-show-cause-notice-to-builders-with-stuck-projects/69485164