UP-RERA working with state government to end flats registration deadlock

up-rera-working-with-state-government-to-end-flats-registration-deadlock

Thousands of home buyers are waiting to register their apartments due to a deadlock because of the dues between developers and authorities. To put an end to the ongoing registration delays in Noida and Greater Noida, the UP-RERA has requested guidance and directions from the state government.

It is estimated that more than 50,000 home buyers are still waiting to register their apartments in the area. Due to the lack of a payment plan from local authorities, district developers are unable to pay their pending dues and the registration of many finished apartments has been halted for several months.

What RERA Officials said?

Balvinder Kumar, a member of, UP-RERA said. This is a serious problem in Gautam Budh Nagar area. The problem is increasing and several builders have to pay money to the local authorities. Builders aren’t getting OC and CC and registration fails because of this. If builders have four mandatory certificates, we will give possession of flat to the buyers. Under this regulation, possession is granted, but buyers can not search their apartments. We are trying to solve this issue and have also asked the state government to intervene in this issue. We have also requested some instructions from the state government so that buyers can register their apartments as soon as possible.

What do Builders / Developers said?

Developers believe that a higher interest rate is calculated and there is a delay in the registration of flats due to the lack of clear instructions or guidelines.

RK Arora, president, NAREDCO UP, said. Noida authorities, GNIDA, YEIDA do not allow registration due to outstanding dues for calculating higher interest rates. The authorities have not yet complied with the SC order to reduce interest rates. Completion at the authorities level is also pending. This is a serious issue because registration is delayed.

Unable to sell my flat!

Some buyers also postpone the registrations as they have spent most of their liquidity when taking over their apartments. Experts say, so they had taken some time to be able to manage the registration fee.

This year, in January, due to the long delay, authority of Noida allowed private developers to pay their lease rent in installments. This decision helped an estimated 30,000 home buyers awaiting registration of their properties.

Nitesh Sharma, a buyer from Greater Noida West said. “I received my apartment 8-9 months ago but am still waiting to register my apartment. But now I am planning to move to a larger area by selling this flat. But due to the long delay in the registration process, I can not sell this property. I hope this deadlock ends and we can register our property so we can sell or improve our units.”

Prasoon Chauhan, founder & CEO, BlackOpal Group, said. The liquidity problem in the real estate sector affects the proper functioning as we have witnessed the redirection of money raised for registration to other activities. Buyers also move into their homes and delay huge registration costs. However, we recommended that you complete all required registration documents before shifting to your apartment.

UP-RERA working with state government

UP-RERA is now working with the state government to find a solution to this problem so that the finished floors get registered. And the deadlock issue between authorities and developers is resolved. Many buyers are unable to sell their properties due to lack of registration and some are forced to sell such properties at very low market prices.

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UP-RERA postpone physical hearing of complaints

up-rera-postpone-physical-hearing-of-complaints

Delhi/NCR:- As the COVID-19 pandemic cases increase across the country, the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has decided to postpone the physical appeal hearing with effect from May 1, 2021.

Due to the many physical hearing requests from developers and buyers, the authority had previously decided to allow the physical hearing to the concerned parties. Provided that the Covid-19 protocol will be followed strictly.

But the authority is now handling complaints virtually through the e-court or electronic court system as instructed by the Government of India and the state government.

The virtual hearing will be continued in its current form. Further decisions will be made in the future to allow the parties to have a physical hearing. Depending on the pandemic situation and the direction by the state and central government.

Authorities recently postponed the National Lok Adalat, which was to be held in Lucknow and Greater Noida on April 10, 2021.

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UP-RERA to issue a show-cause notice to Supertech Realtors

uprera-to-issue-a-show-cause-notice-to-supertech-realtors

The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) is about to issue a notice of show-cause to Supertech Realtors. The notice has been issued for the non-compliance to Section 5 (1) of the RERA Act. Under this notice, the developer has to explain why the application for registration of the Golf Country GH01 Phase 1A and Golfland GH01 Phase-1B should be approved and not rejected.

There are a total of 2,454 complaints filed against the developer and its subsidiaries. Of which 1,629 cases were settled and 105 and 1,243 are refund and possession orders. It was noted that home buyers filed a large number of complaints against the developer and also the developer did not comply with many of the authority’s orders.

Supertech has registered 36 projects, but the builder has shown very little interest in completing these unfinished projects. There are up to 20 projects for which the registration period has expired and which have not been completed yet.

Of the 20 projects, five projects registration was not given because the developer did not submit the penalty amount. In 13 projects, the application for registration of the project has not been submitted to the authority.

In September 2020, UP-RERA decided to conduct a forensic audit of Supernova Phase I, II, III and IV of Supertech group. But the promoter did not cooperate with the auditor, which ultimately means violation of the RERA order.  

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