Since 2019, developers and homebuyers have successfully resolved 1,350 cases through the NCR conciliation forum of Uttar Pradesh Real Estate Regulatory Authority (UP RERA). This led to dispute-free assets valued at approximately Rs 550 crore. Dinesh Gupta, Secretary of CREDAI Western UP, attributed the success to collaborative efforts by CREDAI members, RERA officials, and home buyer representatives.
Uttar Pradesh RERA: This has been done to ensure uninterrupted correspondence with promoters, the UP Real Estate Regulatory Authority (RERA) said, noting that contact numbers of some promoters given at the time of project registration are found inaccessible.
Uttar Pradesh Real Estate Regulatory Authority said that the purpose of providing information about the project's bank accounts to RERA by the promoter is to keep the details of the amount being used in the construction of the project, its transactions and expenditure transparent.
The Gautam Buddh Nagar district administration has sealed the office of real estate major Supertech Group in Noida over dues, officials said on Wednesday.