News
More projects in pipeline to be handed over to buyers’ associations, says UP RERA Member Balvinder Kumar in an exclusive interview
June 22, 2020: Video conferencing, online hearing of cases through video conferencing, conciliation meetings and many more – UP RERA, it seems has its hands full. In the middle of all this UP RERA Member Balvinder Kumar is able to divide his time very judiciously between pursuing his passions like writing on one hand and also are doing his regular RERA work. “We are hearing cases online through video conferencing. Also we are attending meetings regularly. So we are keeping busy”, said Kumar.
Speaking exclusively to R&M TV, Kumar said that during the lockdown period, the Authority has discovered that people are appreciating video conferencing as now they not only don’t have to spend hours for coming to the Authority office at Greater Noida, but also they don’t have to wait for hours in the court or outside the court. People are now happy sitting at home and participating in the hearing. For promoters as well, it is equally easy, he said. Kumar informed that the Authority is hearing 25-30 cases on a daily basis. Speaking to R&M TV, Kumar also detailed about the project Smapada Livia, which the Authority have deregistered. “We have asked the buyers’ association to complete the project. It’s a very exhaustive order which we have issued”, added Kumar. The UP RERA Member further informed that in future also the Authority might take up some more projects, where Promoter is not in a position to complete the project and at the same time have also committed financial irregularities. “So there are more projects in the pipeline to be handed over to buyers’ associations. Let us see how this project goes”, said Kumar.
On the matter of extension given to projects for completion, Kumar said already time has been given till September 20. At the same time, he added that the Authority will review the situation in the month of August or the beginning of September. He said that UP RERA will see the ground realities and see how much the Promoters have been able to arrange labor. “We know that they are facing problems on this front, we will certainly see. But many promoters have been able to arrange labor in many of their projects”, concluded Kumar.
-
News3 weeks ago
Micromitti Launches New Real Estate Investment Options for Micro-Investors
-
News2 weeks ago
Godrej Properties Emerges as the Highest Bidder for Luxury Group Housing Plot on Golf Course Road in Gurugram
-
News2 weeks ago
Ghaziabad Realty Market – Why it is an Ideal Time to Invest Here
-
News3 weeks ago
SAIL Receives SHRM HR Excellence Awards
-
News2 weeks ago
Industrial & Logistics Sector Leasing Grew by 48% in Jul-Sep ’24 Over the Sequential Quarter: CBRE
-
News2 weeks ago
Bollywood Actor Sunil Shetty & Son Ahan Buy Bandra Property for Rs. 8.01 Cr: Square Yards
-
News2 weeks ago
Infra.Market Revenue Soars 23% to Rs 14,530 Crore in FY24, PAT Up 144%
-
News2 weeks ago
Senco Gold & Diamonds Launches New Store at Omaxe Chowk Amid Chandni Chowk Wedding Festival