Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has decided that if there is no progress in completion of the residential projects, the authority will issue show cause notice to deregister their projects.
It further said that the notice will also be issued if the builder fails to deliver projects, fails to show his keenness to deliver flats, if the builder does not resume construction and is absconding or in jail.
The authority in the last few days has issued deregistration notices under Section 7 of the RERA Act to seven builders for failing to meet their commitments to buyers covering 14 projects and approx. 4800 residential units.
The developers who had been served notices include Primrose Infratech for Primrose Ryne project, PSA Impex for Sampada Livia, MSA Developer for Circuit Heights, Greenbay Infrastructure for Greenbay Golf Homes & Golf Village, Intellicity Business Park for Intellicity project, Mist Direct Sales for Festival City Phase 1,2,3 and Unnati Fortune Holdings Ltd for the Aranya Phase 3,4,5. Aranya Phase 1 & 2 have lapsed as the promoters have failed to extend the registration.
Their matter is still under active consideration at various stages.
UP-RERA has also sent notices to many developers over bad construction quality and project delays.
Under RERA Act 2016, Section 8 provides an indication that the Authority can provide a platform to take up stressed projects and bring them to completion.