News
We can also lend our voice if there is a delay in delivery due to multi-point issue: UP RERA Chief
Kumar was speaking at the ninth edition of Realty Webseries hosted by Realty & More and ICCPL on July 4.
Gaur said because of this, the buildings are not getting electricity connection. “They have achieved completion in all respects but the Act has come midway, and because of RERA we can’t carry out any changes also”, he said. In such a situation, RERA intervention is necessitated and “you should issue a directive”, he suggested.
Replying to this, UP RERA Chairman said, “You people know better than me regarding changes in building maps”. Even if there’s a major change, RERA Act permits this with the concurrence of the buyer. “So, that’s not an issue”, he stressed.
At this point Realty & More Editor Palash Roy interjected to say, “If they want to change the plan and the infrastructure, it will add to the cost and then the developers will pass this cost to the buyers for multipoint connection infrastructure.” Gaur added to this by saying, “Even if it comes to Rs 50,000 per flat, the buyer doesn’t want to pay.”
Kumar’s reply was: “This is an issue primarily with my other colleague, Mr RP Singh, who looks after electricity regulator. But if there is an issue where there is a delay in the process, I think we can also lend our voice.”
Gaur clarified that this order is only for existing societies but not for new connections. For the mew connection, he said, they are giving only multipoint connection. “Whether the building is old or new, or the building plan is sanctioned before the Electricity Act, the problem lies there only”, he said.
UP RERA chief summed up the discussion by saying, “What I was told is last year when I had discussed this matter with Mr RP Singh, they had done some study that through a computer programme it is possible that with the existing infrastructure without going into for retrofitting it is possible to allocate you new loads and the bills to various people. So, you don’t have to retrofit. It’s just a computer programme and I was told that some societies in Haryana and Noida were already working on it”.
-
News3 weeks ago
GRAP 4 curbs in Delhi-NCR: Real Estate Sector Reacts to Construction Ban
-
News3 weeks ago
Mahindra Lifespaces announces continuing partnership with Sumitomo Corporation for its Industrial Clusters business
-
News4 weeks ago
Supreme Court Intervenes in NCR Housing Project Delays, Seeks Details
-
News3 weeks ago
Noida, Greater Noida Residential Market Soars; Sales Up 34%, Transaction Volume Up 6% in July-September 2024: Square Yards Report
-
News4 weeks ago
Suraj Estate Developers’ PAT Surges by 88% in Q2 FY25 & 97% in H1FY25
-
News2 weeks ago
Faridabad Real Estate Market On the Upswing
-
News4 weeks ago
Sushma Group Partners with Bayside Corporations (BCS) to Boost Sales of Premium Kasauli Projects
-
News6 days ago
No rate cut from RBI, but industry leaders stay positive