The newly-appointed UP RERA chief, in his first media interview, told Moneycontrol that a decision on delinking the registration of flats with builders’ dues to the development authorities is expected within a month.
The Authority aims to recover around Rs 468 crore dues through the scheme, which includes waiving off penal interest on the defaulted amount and additional compensation charges.
According to a survey commissioned by UPRERA, there are as many as 45,000 units where buyers have taken possession without registering their ownership, and 1,25,000 units where neither has possession been taken nor has the registry been done.