UP-RERA deregisters two projects of Ansal API, imposes Rs 1.6 crore penalty
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RERA said that the strict action has been taken after the promoter could not provide a satisfactory response to the deregistration notices by the authority.
A large number of complaints have been made by the allottees of the projects registered by the promoter with the authority, including non-possession of the units, non-refund of the amount deposited by the allottees, violating the terms and conditions of the sales contract/allotment letter.
New Delhi: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has de-registered two projects of Ansal API in Sushant Golf City, Lucknow.