Under the order of the Uttar Pradesh Real Estate Regulatory Authority, the registration of Golf Country GH01-Phase-1A and Golf Country GH01-Phase-1B of the company under section 5 of RERA, section 4(2)(b) and section-11(4). )(b) is dismissed under .
RERA slams Supertech
The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) rejected the registration applications of two projects of developer Supertech Ltd. The Uttar Pradesh Real Estate Regulatory Authority said that it has taken this decision due to the failure of Supertech to complete the already registered projects and to comply with the orders of the Authority giving relief to home buyers.
Under the order of the Uttar Pradesh Real Estate Regulatory Authority, the registration of Golf Country GH01-Phase-1A and Golf Country GH01-Phase-1B of the company under section 5 of RERA, section 4(2)(b) and section-11(4). )(b) is dismissed under .
may get second chance
However, RERA has also decided to give a second opportunity to re-apply for the registration of these two projects after adequately complying with the previous orders. RERA Secretary Rajesh Kumar Tyagi said, “UP RERA on June 24, In its 63rd meeting chaired by Kumar, it has been decided to reject the application for registration of two proposed projects of Supertech Ltd.
already warned
Earlier in March 2021, Uttar Pradesh Real Estate Regulatory Authority (UP RERA) had issued a notice to Supertech. According to the Economic Times report, UP RERA had clearly told Supertech that the registration of two of its projects can be canceled. In such a situation, he should follow the order of the court.
These projects are incomplete
UP RERA officials say that 36 projects of Supertech are registered in Uttar Pradesh but the developer has not shown interest in completing many projects. There are about 20 such projects out of 36 whose registration has ended, but till now the work of these projects has not been completed. In March 2021, it has been said from the company that it will collect a fund of 2300 crores to complete its unfinished project. At that time, it was told by the company that it would no longer focus on building high rise buildings. Regarding this, the company said that the cost of such projects is very high and monetization takes a lot of time.
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