Notices to nearly 22 builders over non-registry of flats

Officials said these 22 builders have, in the past four years, sold about 15,000 flats without getting the registries done, due to which Rs 70 crore is pending as dues.

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notice-constrofacilitator

Notices has been issued to as many as 22 builders who have given possession of flats to buyers without the mandatory registration,by The district stamp and registry department.

The department had earlier lodged FIRs against 18 of them for the violation.

Officials said these 22 builders have, in the past four years, sold about 15,000 flats without getting the registries done, due to which Rs 70 crore is pending as dues.

KK Mishra, assistant inspector general of stamps, said, “As per rule, the registry of a property needs to be done at the time of sale, but builders in many cases deliberately put the same on hold even after executing the sale deed. Because of this, over Rs 70 crore is stuck.”