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UP RERA gives another nine-month extension to real estate projects

UP RERA gives another nine-month extension to real estate projects SECTIONS Share Synopsis The decision has been taken in view to remove the constraints and facilitate the development of the stuck and slowed down real estate projects so that the allottees of such projects can get the delivery of their houses within reasonable period of time. Uttar Pradesh Real Estate Regulatory Authority (RERA) has given another nine-month extension to the registration of the projects whose original registration or extended registration is ending on or before December 31, 2021 in the NCR region and six months in the non-NCR region. The decision has been taken in view to remove the constraints and facilitate the development of the stuck and slowed down real estate projects so that the allottees of such projects can get the delivery of their houses within reasonable period of time.

For first time, UP-Rera cites past record to deny new projects nod | Noida News

Rajesh Kumar Tyagi, secretary, UP-Rera (Image credit: https://up-rera.in/leadership) NOIDA: The Uttar Pradesh Real Estate Regulatory Authority (UP-Rera) has rejected applications from Supertech to register two residential projects, citing non-performance in its earlier ventures. It’s the first time the regulator has taken such a step and sets a precedent. The two projects, Golf Country phase 1A and Golf Country phase 1B, are located in Yamuna Expressway’s Sector 22. Both are in the launch stages. According to UP Rera, the decision was taken after a meeting with Supertech chairman RK Arora in which he “failed to convince” the regulator about his completion plan for the projects.

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