The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has cancelled the registration of three real estate projects in Ghaziabad
The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has cancelled the registration of three real estate projects in Ghaziabad.
According to officials, promoters of Antriksh Sanskriti Phase-2, Antriksh Sanskriti Phase-3 and Raksha Vigyan Sanskriti Phase-2 have allegedly violated provisions of the RERA Act , 2016, and the Uttar Pradesh Real Estate (Regulation and Development) Rules, 2016. The realtors have also not followed orders issued by the authority, and not completed the projects, risking the investment of allottees (mostly present and former government employees).
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According to an order issued by the authority on June 11, promoters Antriksh Realtek Pvt Ltd and Raksha Vigyan Karmchaari Sahkaari Aawas Samiti Ltd have been restricted from accessing the UP-RERA website in relation to these projects, and specified in the list of defaulters. The authority has also decided to freeze bank accounts of these projects to prevent any kind of transactions.
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Officials said that multiple complaints were filed by allottees regarding delay in projects, alleging violation of agreements/contracts signed with the realtors. The authority conducted a site inspection of the projects and concluded in their report that “chances of completion of projects are absolutely uncertain.”
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“According to the on-site verification report of projects received by UP-RERA , construction and development work has been achieved up to 40% in Antriksh Sanskriti Phase-2 and up to 30% in Antriksh Sanskriti Phase-3. Surprisingly, construction and development work has not commenced in Raksha Vigyan Sanskriti Phase-2. The inspection report also states that there has been no construction activity at the project sites for many years, hence chances of completion of completion projects are absolutely uncertain,” the authority said in a statement.
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Construction and development work for the three projects began in 2015 and was scheduled to be completed by July 2022 and June 2023, respectively.
UP-RERA has also constituted a ‘Project Advisory and Monitoring Committee’ under Kalpana Mishra, member of the authority, to chalk out the further course of action and complete the remaining development work on the three projects under Section 8 of the RERA Act 2016. The committee will include the vice-chairperson of the Ghaziabad Development Authority (GDA), the technical advisor, conciliation consultant, and auditor of UP Rera, along with financial institutions and association of allottees.
Source: The Hindustan Times
