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UP RERA to hold special hearings every week on unregistered projects

In order to address the complaints of buyers against unregistered real estate projects, the Greater Noida Bench of UP RERA has decided to hold two special hearings every week apart from four regular sittings.

Over 550 such complaints are currently lying with the authority, so to speed up the grievances work, the decision was taken in a meeting with Noida and Greater Noida authorities on Wednesday.

Giving information on the above, UP RERA member, Balwinder Kumar said, “Non-registration of an ongoing real estate project is a violation under the RERA Act. Developers of such projects could be fined up to 10% of the total cost on the first offence and jailed for subsequent offence.”

He further said that there are 554 complaints lying with us, which have been filed by buyers of such projects that are not registered with us. “The secretary of UP-RERA, Rajive Kumar, himself will be hearing those cases at the Greater Noida Bench twice a week,” Kumar added.

However, there has been an influx in such complaints from past one month. Balwinder Kumar told that initially, they were receiving about 20-25 complaints per day but now the number of complaints has risen to over 50 a day. So to meet this increased demand, the Bench has decided to hear these grievances in Greater Noida four times a week.

So far UP-RERA has received a total of 8211 complaints and of these 2172 has been heard. Due to maximum number of complaints from Noida, Greater Noida, Meerut, Ghaziabad, and other regions, the western bench of UP RERA has been established on September 4.

Recently, UP RERA has also decided to rate developers based on their past their track record with reference to completing the projects on time. This rating system will provide all the information related to builders and developers beforehand on a single platform, hence saving home buyers from such fraudulent.

The post UP RERA to hold special hearings every week on unregistered projects appeared first on Property News India.



This post first appeared on Property News India – Investors Clinic, please read the originial post: here

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UP RERA to hold special hearings every week on unregistered projects

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