U.P. RERA has warned of strict action against promoters who are absent from the review meeting of lapsed real estate projects
Uttar Pradesh Real Estate Regulatory Authority
U.P. RERA has warned of strict action against promoters who are
absent from the review meeting of lapsed real estate projects
• Bank accounts of promoters of real estate projects can be frozen soon and sale-purchase can be prohibited of such project
• Registration of new projects of such promoters may also be completely barred
A stern message has been sent to the promoters who were found absent from the review meetings of lapsed real estate projects held by the U.P. Real Estate Regulatory Authority on March 15, 2023. Uttar Pradesh Real Estate Regulatory Authority (U.P. RERA) has decided to take strict action against the promoters of the lapsed real estate projects who did not attend review meetings of the Authority.
According to Secretary of U.P. RERA, Rajesh Kumar Tyagi, respective bank accounts of the projects being operated by the promoters, who are regularly absent in the review meeting, can be frozen soon. The project can be ordered to stop the sale as well as and the purchase of units. In future, registration of new projects of such promoters may also be completely barred. Secretary, U.P. RERA has directed all officers of the Authority to strictly comply with this order.
U.P. RERA is reviewing the projects whose completion date has expired but so far neither the promoters have reported completion of the project nor have applied for extension of completion date. Such promoters are being called for a meeting by the Authority, but many of them were absent, he said.
Secretary, U.P. RERA, in the review meeting said that arbitrariness of real estate promoters will not be allowed in Uttar Pradesh who are not following the RERA regulations properly. It is mandatory for all real estate promoters to comply with the RERA rules otherwise there will be no delay in taking strict action as per the rules by the Authority.
The meeting was held under the Chairmanship of Secretary, Shri Rajesh Kumar Tyagi and was attended by Technical Advisor, U.P. RERA, Sh. Subodh Rai along with members of his Junior Engineers team, Sh. Abdul Arif and Sh. Akash Srivastava.
U.P. RERA is continuously taking tough decisions against promoters who are insensitive to the interests of home buyers. The Authority is fully committed to protect the interest of homebuyers and is taking all possible steps to regulate the real estate sector of the state in accordance with the RERA Act.
At present a list of promoters has been released who have been continuously absent in the review meeting and have ignored the orders of the Authority and strict action is likely to be taken against them soon:
S. No. Project Promoter and District
1 WOODLAND PARADISE RUDRAKSH KALPTARU Rudraksh Developers Private Limited, Lucknow UPRERAPRJ9168
2 WOODLAND MOHANLALGANJ Rudraksh Developers Private Limited Lucknow UPRERAPRJ10996
3 WOODLAND PARADISE VILA (LIG) Rudraksh Developers Private Limited Lucknow UPRERAPRJ13851
4 GALAXY HANUMANT APARTMENTS Skynet Infraventures Pvt. Ltd. Prayagraj UPRERAPRJ5914
5 GALAXY HEIGHTS APARTMENTS Skynet Infraventures Pvt. Ltd. Prayagraj UPRERAPRJ5934
6 Galaxy Divine Blessings Skynet Infraventures Pvt. Ltd. Prayagraj UPRERAPRJ7666
7 Anandkunj Phase-1 SNG Developers Ltd Firozabad UPRERAPRJ13870
8 Anandkunj Phase-2 SNG Developers Ltd Firozabad UPRERAPRJ13874
9 Anandkunj Phase-3 SNG Developers Ltd Firozabad UPRERAPRJ13899
10 VAIBHAV GRAND VAIBHAV VISION BUILDER & DEVELOPER PRIVATE LIMITED Varanasi, UPRERAPRJ13701
11 VAIBHAV GRAND-2 VAIBHAVVISION BUILDER & DEVELOPER PRIVATE LIMITED, Varanasi, UPRERAPRJ13704
12 VAIBHAV RESIDENCY VAIBHAVVISION BUILDER & DEVELOPER PRIVATE LIMITED, Varanasi, UPRERAPRJ13705
13 Aakar Housing Developers Aakar Housing Developers, Varanasi, UPRERAPRJ12336
14 Aakar Housing Developers Aakar Housing Developers, Varanasi, UPRERAPRJ12347
15 AASTHA INFRAPROJECTS AASTHA INFRAPROJECTS, Mathura UPRERAPRJ12300
16 AASTHA INFRAPROJECTS AASTHA INFRAPROJECTS, Mathura UPRERAPRJ12444
17 ANAND SB ASHIYANA T2 Anand (SB) Ashiyana, Kanpur Nagar, UPRERAPRJ10681
18 ANAND SB ASHIYANA T1 Anand (SB) Ashiyana, Kanpur Nagar, UPRERAPRJ9429
UP RERA has always been committed to the safety of its stakeholders.
