UP-RERA imposes Rs 14.41 crore penalty on Ansal Properties for violations of RERA Act.
Act In a separate development, UP-RERA has made it mandatory for agents to undergo training before obtaining RERA registration. This training is mandatory for agents already registered with the authority as well as those seeking new registration.
EW DELHI: The Uttar Pradesh real estate regulatory authority (UP-RERA) has has imposed a penalty of Rs 14.41 crore on Ansal Properties and Infrastructure for executing a total of 329 sale deeds across various unregistered pockets of of Sushant Golf City, Lucknow, between March 26, 2022, and August 14, 2024, in in violation of Section 3 of the RERA.
The sale deeds were executed in various unregistered pockets:
- Sector M: 58 sale deeds in Pockets 1A and 2.
- Sector H: 136 sale deeds across Pockets 1, 2A, 2B, 2C, and an additional unregistered pocket.
- Sector J: 48 sale deeds in Pocket 1.
- Sector G: 82 sale deeds in Pockets 3B and 5.
- Sector F: 4 sale deeds in Pock 2A.
- Sector B: 1 sale deed in Pocket 4.
The authority issued a show-cause notice to the promoter for violating Section of the RERA Act. However, the promoter neither submitted a response nor Complied with the notices, despite repeated extensions. Consequently, the promoter was granted an opportunity for a personal hearing in the authority’s 161st meeting. During the hearing, the promoter requested additional time to submit a response. which was granted for 15 days.
Read more at:
https://realty.economictimes.indiatimes.com/news/rera/up-rera-imposes-rs-14-41-crore-penalty-on-ansal-properties-for-violations-of-rera-act/117071763?utm_source=most_read&utm_medium=homepage
Credit By: https://realty.economictimes.indiatimes.com/?utm_source=header_logo&utm_medium=newsDetail