UP-RERA rejects super-tech projects registration

up-rera-rejects-super-tech-projects-registration

The decision was taken in light of the fact that the developer did not carry out a large number of its projects on time specified by UP-RERA. They also did not comply with a large number of orders from the authorities on complaints from home buyers projects from promoter companies.

The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has rejected an application for registration of two proposed Supertech projects under RERA Section 5 with Section 11 (4)(B) and Section 4 (2)(B).

Rejected projects applications are Supertech Golf Country GH01-Phase-1B and Supertech Golf Country GH01-Phase-1A.

Authorities asked the developer for a detailed report on the fulfillment of his orders and a convincing action plan to complete its projects. However, the authorities also decided to give the developer a second chance to apply for registration of the two projects again, after it can largely comply with the authority’s previous orders.

UP-RERA didn’t receive any written or oral responses

During the trial, R.K. Arora, Supertech Chairman, told authorities the company was trying to complete projects as well as enforce government orders.

However, UP-RERA did not find the promoter’s written or oral response satisfactory. The authorities concluded that it would be inconvenient and that it is not proper and not in the interests of home buyers to register the company’s two new projects. The company was unable to complete a large number of its projects already registered with RERA, nor was it able to complete a large number of orders approved by the company’s affected homebuyer’s assistance authority.

UP-RERA chairman, Rajiv Kumar, said, The organizer did not comply with the authorities’ orders and there was no noticeable improvement in the status of unfinished orders at the end of the promoter. They also failed to come up with a convincing action plan to implement their ongoing projects. As a result, a large number of home buyers with the developer forced to approach the authorities with claims for compensation. Not only did the developer fail to speed up its projects, it also did not comply with government orders, further exacerbating the homebuyer’s suffering.

Also read:-

YEIDA announce 2 new policies to help stalled projects

Real estate agents in UP seeking for new insolvency resolution policies