Using the powers conferred below Section-7 of the RERA Act, the Uttar Pradesh RERA has canceled the registration of three actual property tasks situated in Ghaziabad — Antriksh Sanskriti Phase-2, Antriksh Sanskriti Phase-3 and Raksha Vigyaan Sanskriti Phase-2 — with speedy impact.
According to the order, the promoters of Antriksh Realtek Pvt Ltd and Raksha Vigyaan Karmchaari Sahkaari Aawas Samiti Ltd have been restricted to entry the web site of UP RERA in relation to those tasks and they’re now specified within the record of ‘defaulters’ with their picture and title. This data has been conveyed to the RERA workplaces of different states and UTs. It has been determined by the Authority to freeze the financial institution accounts of tasks to forestall any sort of transactions associated to those tasks.
A ‘Project Advisory and Monitoring Committee’ (PAMC) has been constituted below the chairmanship of Hon’ble Member of the Authority, Kalpana Mishra, for a well-considered proposal relating to additional motion to finish the remaining improvement works of the three tasks below Section-8 of the RERA Act. In this committee, the Vice-Chairman of Ghaziabad Development Authority (GDA) together with Technical Advisor, Conciliation Consultant, Auditor of UP RERA in addition to the involved monetary establishments and affiliation of allottees of the mission will even be members. Expert help might be supplied to this committee from the ‘Project Management Division’ (PMD) of UP RERA to make sure completion of the mission.
Multiple complaints had been lodged by the allottees of two tasks of Antriksh Realtek Pvt. Ltd.; ‘Antariksh Sanskriti Phase-2’ (UPRERAPRJ10928) and ‘Antariksh Sanskriti Phase-3’ (UPRERAPRJ11055) and a mission of ‘Raksha Vigyan Karmacharis Sahkaari Samiti Ltd.’, ‘Raksha Vigyan Sanskriti Phase-2’ (UPRERAPRJ11527) with the Authority below section-31 of the RERA Act, alleging the violation of the settlement/ contract with the promoter and delay in development.
As per the promoter, the development and improvement work of the tasks — Antriksh Sanskriti Phase-2, Antriksha Sanskriti Phase-3 and Raksha Vigyaan Sanskriti Phase-2 — started in yr 2015 and their completion dates are July 2022, July 2022 and June 2023, respectively. As per the on-site verification report of tasks obtained by UP RERA, presently, the development and improvement work has been achieved as much as 40 % in Antriksha Sanskriti Phase-2 and as much as 30 % in Antriksha Sanskriti Phase-3. Surprisingly, the development and improvement work couldn’t begin in Raksha Vigyaan Sanskriti Phase-2! The inspection report additionally states that each one sorts of development work on the mission website is closed for a few years, thus the possibilities of completion of the tasks are distant.
On the web site of UP RERA, the promoter has not talked about minute particulars within the improvement plan of the mission, their quarterly bodily and monetary progress stories should not being uploaded on the web site, and the sanctioned plan of a mission is just not being uploaded. On the opposite hand, the validity of sanctioned plan of one other mission has expired and the validated map has not been uploaded. The Authority additionally observed that the promoter didn’t deposit pending dues or legal responsibility of the involved improvement authority of the mission.
Hence the mission has been sealed by the event authority and no concrete effort has been made to revive development. As per the RERA Act, it’s obligatory to add the Audited Balance Sheet and REG-5 inside 6 months after the tip of every monetary yr, which has been violated together with the orders handed by the Authority. All these acts are in violation of Section-4 and 11 of RERA Act and Rule-3 and 14 of U.P. RERA Rules and solid severe doubt on the intention and efforts of the promoter to finish the mission. The above are opposite to the goals of the RERA Act and the pursuits of the allottees.
In the clarification offered earlier than the UP RERA, the promoter couldn’t current any acceptable foundation of such disappointing progress of the mission and did not desk any time-bound and passable decision plan to revive the mission and full the remaining development work. This clearly exhibits that the tasks should not more likely to be accomplished as no significant efforts are being made by the promoters on this course. Due to this, the development and improvement work of the mission is in limbo and the funding of the allottees is in bother.
Based on the above information, it was concluded by the Authority that the promoters have violated the RERA Act, U.P. RERA Rules, and the orders handed by the Authority, which result in non-completion of the mission, blocked its improvement and threat the funding of the allottees. In such a state of affairs, retaining in thoughts the pursuits of the allottees and different stakeholders, UP RERA has determined to cancel the registration of all of the three tasks and proceed additional below Section- 8 of the RERA Act to finish the remaining development and improvement work.
Source: www.financialexpress.com”