UP RERA Takes Strict Action Against Promoters for Violating Real Estate Norms

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) is cracking down on promoters who violate rules and fail to meet mandatory norms. The authority has taken significant steps to protect homebuyers and ensure compliance with the RERA Act.

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UP RERA Takes Strict Action Against Promoters for Violating Real Estate Norms
Real Estate:The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) is in action mode against promoters for violating rules and not fulfilling mandatory norms. The regulatory authority has taken action against several prominent promoters and builders for misrepresenting facts to gain undue advantages.

Last week, the regulatory authority lodged an FIR against a promoter at the Greater Noida Police Commissionerate, Gautam Buddh Nagar, on charges of submitting fake orders of the regulatory authority to a bank to secure a loan. According to UP RERA, action was taken against another promoter on 16 complaints.

Following the probe, it was revealed that the group had uploaded a drawing related to electrical installations on the RERA portal and misrepresented it as an electrical NOC in order to gain undue advantage.

The regulatory authority had received nine complaints against another group. Following an inquiry, it was established that they failed to issue the allotment letter to buyers in the government-prescribed format. 'This is a direct violation of Section 13 of the RERA Act. The RERA took it seriously and recommended penalties under Section 61,' said UP RERA.

'Action against promoters has sent a clear message that homebuyers will no longer be cheated. For years, people have suffered due to the arbitrariness and breach of promises by builders. Many did not get timely possession, essential documents were withheld, and false information was shared. This RERA action will strengthen the confidence of homebuyers and put pressure on builders to comply with the law,' said UP RERA Chairman Sanjay Bhoosreddy.

According to UP RERA, in a complaint against a promoter, it was found that the company violated the status quo order passed by the RERA bench. Action has been taken under several sections of the Real Estate (Regulation and Development) Act, 2016.

The UP RERA has also issued a comprehensive user manual to streamline the process of registration of real estate projects. The manual is available on the portal of UP RERA http://www.up-rera.in. It is designed to guide promoters, real estate consultants, and the technical team of the promoters in filing the application for registration of projects by explaining the process in an easy manner.

Frequently Asked Questions

What is UP RERA?

UP RERA, or the Uttar Pradesh Real Estate Regulatory Authority, is a regulatory body established to protect the interests of homebuyers and ensure compliance with the Real Estate (Regulation and Development) Act, 2016.

What actions has UP RERA taken against promoters?

UP RERA has taken actions such as lodging FIRs, imposing penalties, and issuing recommendations for penalties under the RERA Act, 2016, against promoters who violate norms and misrepresent facts.

What are some common violations by promoters?

Common violations include submitting fake orders, failing to issue allotment letters in the prescribed format, and violating status quo orders passed by the RERA bench.

How does the user manual help promoters?

The user manual provides a comprehensive guide to streamline the process of registering real estate projects. It explains the application process in an easy-to-understand manner, helping promoters, real estate consultants, and technical teams file their applications correctly.

What is the impact of UP RERA's actions on homebuyers?

UP RERA's actions have strengthened the confidence of homebuyers by ensuring that builders comply with the law, preventing them from being cheated, and ensuring timely possession and essential documents.

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