News
UP RERA penalizes 14 promoters
The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has decided to penalise 14 promoters, including Supertech, Parth Infrabuild, Radicon Infrastructure & Housing, IVR Developers, Logix Infrastructure and Harsha Associates.
The Authority passed these orders under the provisions of Section 63 of the RERA Act which empowers it to impose penalties up to 5 percent of the cost of the project for non-compliance of its orders by the promoters.
The others against whom the action has been taken are: Parsvnath Developers, Green Bay Infrastructure, Green View Cooperative Housing Society, Quality Township, Rudra Buildwell, Buland Buildtech, Kindle Infraheights and JSS Buildcon.
The decision to impose the penalties was taken at the 56th Board meeting of UP RERA held on February 5 at the Lucknow headquarters of the Authority. The meeting was chaired by UP RERA Chairman Rajive Kumar and attended by members Balvinder Kumar, Kalpana Misra and Bhanu Pratap Singh and senior officers of UP RERA.
The promoters have been ordered by the Authority to ensure that the penalty amount is paid within 30 days.
It was also decided that if a promoter does not pay the penalty within the stipulated period, then the recovery certificate will be issued and District Magistrate will be commissioned to recover the amount as arrears of land revenue.
-
News4 weeks ago
KW Delhi 6 Mall Onboards New Brands
-
News4 weeks ago
Manasum Senior Living Launches IKIGAI GOA, A Senior Living Community in North Goa, in collaboration with Prescon Homes
-
News4 weeks ago
Bridging India Divide: Top 5 Tier- 2 Cities to Focus On
-
News4 weeks ago
Commercial Realty Gets Tech Savvy: Fast Construction, Enhanced Convenience
-
News3 weeks ago
Godrej Properties Sells Rs 3k cr+ Homes of Godrej Zenith, Gurugram, within 3 days
-
News4 weeks ago
Multipoint Connection – A Definite Boon
-
News3 weeks ago
RBI’s Status Quo on Key Policy Rates to Help Maintain the Real Estate Growth Momentum, Say Industry Stalwarts
-
News1 week ago
Olive Announces Dhruv Kalro as Co-Founder