Debt Restructuring a method of revival of the Real Estate Sector
The UP-RERA has now requested the RBI to consider restructuring the loans taken by the builders for the completion of real estate projects.
Search Results for: builders in Noida and Greater Noida
UP-RERA proposes stress fund for completing the pending projects
The UP-RERA (greater Noida) has proposed to create a stress fund to complete such pending projects. The same shall be put before the board of Lucknow for deliberation and thereafter it shall be sent to the UP Government.
UP RERA orders forensic audit for all projects being developed by 3C
Real Estate Regulatory Authority in Uttar Pradesh orders Forensic audit of errant developer 3C.
UP RERA ORDERS FORENSIC AUDIT FOR ALL PROJECTS BEING DEVELOPED BY 3C
Tags Amendment under IBC, Tags bankruptcy, category of the financial creditors, execution of RERA orders
Execution- Yet another hurdle for Homebuyers
In UP RERA, a separate department has now been made to look into the matters where the execution of the order has not been done.
UPRERA: Deregisteres Unnati Fortune Holdings Project
UPRERA has deregistered a promoter/developer over financial irregularities, money laundering, double allotment of flats, diversion of funds and for many other reasons.
UPRERA Works Diligently: Disposed off more than half of the complaints
13000 complaints have been filed with UPRERA out of which 7000 complaints have been disposed within a span of almost 8 months.
NCR is the King, when it comes to delayed realty projects
RERA Act has already been functional in all cities of NCR for almost 2 years now and still, such big numbers can be seen; the question that arises is whether the courts will be able to tackle such injustice or the buyers will be left in the lurch again.
Can RERA authorities take over the unfinished projects?
What if the project is stalled and builders do not have sufficient funds to complete the project. In such cases question arises that does RERA authorities have the power to take over the project?
UPRERA gets Tough: Lists 10 projects for deregistration
UPRERA Authority shorlisted 10 housing project in Noida and Greater Noida, which may be deregistered within this month for the reasons of delays and non-compliance of the orders passed by the Authority.
UPRERA: Interest Penalty if project are not delivered on time
There are many uncompleted projects which are still lying abandoned or molding into structures at a very slow pace.
UPRERA: Formation of an association to complete the unfinished project
RERA Authority has decided to form a tripartite committee for the completion of the project. It was also decided by the officials that the committee will constitute a member of UP-RERA, one representative of home buyers and one of builder.
UP Government Has Rewritten RERA Rules Resulted In Dilution of Pro-Developer Clauses
The new rules, bring all ongoing projects where completion certificate was not issued on May 1, 2016, when Real Estate Regulation Act (RERA) was notified under its ambit.
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