Uttar Pradesh RERA warns builders not to hand over incomplete flats to buyers
NOIDA: UP Rera has warned developers not to hand over incomplete, or ‘canvas flats', to homebuyers, and violating this rule could attract large sums of penalties.
The notice, issued on May 8, came in response to complaints from homebuyers, who allege that developers are forcing them to take possession of bare-shell units which are often devoid of proper flooring, electrical fittings, plumbing and kitchen furnishings – while signing the builder-buyer agreements (BBA).
Rera said in the notice that such practices were a serious breach of the Real Estate (Regulation and Development) Act, 2016, which mandates that ready-to-move-in apartments can be handed to buyers after obtaining valid occupancy or completion certificates.
"It has come to the notice of the regulatory authority that some of the promoters, when executing the agreement for sale (BBA), are making the allotters agree to the condition of accepting physical possession of canvas flats and are, in fact, handing over possession to such flats," the notice by Rera secretary Mahendra Verma said.
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