There are many uncompleted projects which are still lying abandoned or molding into structures at a very slow pace.
UP-RERA authority has issued show cause notices to 12 builders who have allegedly diverted funds worth 3000Cr to 4000Cr and have delayed completion of housing projects.
The Lucknow bench after hearing a series of complaints against Ansal’s in particular, it has ordered for the forensic audit of the builder, as the bench thinks the homebuyer is genuine hence it has put restrictions upon the activities of the Ansal.
Western UP Bench of RERA- After looking at the bulk cases in the state a bench was made operational in the city of Noida on 4th September, 2018.
In the cases against Ansal API Group one of the member Mr. Balwinder Singh has ordered Ansal Properties & Infrastructure Pvt. Ltd. to dispose off the grievances of the allottee within a week.
The delay in projects got converted from months to years shattering the dream of owning a home of many homebuyers. A detailed article on how to get refund from the builders under RERA.
UPRERA Authority is now setting up Greater Noida bench which would be functional soon in few days.
In the hue and cry of registration process after the implementation of RERA many builders were unable to provide all the documents and information while getting the project registered.
UP RERA recently took a massive step by issuing recovery notice against 5 builders who failed to abide by the orders made by the Authority.
Builders in Uttar Pradesh will be charged under UP Gangsters and Anti-Social Activities (Prevention) Act, 1986 for the muddling with the money of homebuyers and not adhering with the laws.