The state government of UP has decided not to change state RERA rules. This has enraged homebuyers. The allegation against UP RERA is that state is sidelining most of the ongoing projects from RERA purview and sanctioning occupancy certificate for the under construction projects. Buyers of Noida and Greater Noida have demanded to the respective RERA authority to reject all such applications came from the developers of unfinished projects.
Abhishek Kumar, president of Noida Extension Flat Owners Welfare Association (Nefowa), said, "While we will finally know which projects are falling out of Rera's ambit when the tally of all registrations are complete, for now we are pleading for the good sense of Noida Authority and GNIDA."
Homebuyers in Noida and Greater Noida, who are at present stuck in four lakh of such under-construction projects in various parts of the twin cities, had been recommending a revival of the UP-RERA to the original version of Central Rera Act, passed by Parliament in March 2016. The central Rera has been authorized by a set of definitions through the notification of October 27 in the state, where ‘ongoing projects’ exclude any project which has applied for occupancy certificate.
For the time being, for apposite integration of all builders on the Rera platform, Credai's NCR chapter on Tuesday applied for registration timeline to be extended to August 10. Yet, there is no official confirmation about it, builders are anticipating for an extension. "Though a 90-day window was offered, the online platform came very late. Also, even if the builders were well prepared for the registration, while feeding the data, lots of problems started cropping up. There have been technical problems while uploading data as well," said Pankaj Bajaj, president of Credai-NCR.
State government is in no mood for correcting the set policy which makes the circumstances stiffer for the buyers. Buyers are in doubts on the effectiveness of the central real estate law.
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Abhishek Kumar, president of Noida Extension Flat Owners Welfare Association (Nefowa), said, "While we will finally know which projects are falling out of Rera's ambit when the tally of all registrations are complete, for now we are pleading for the good sense of Noida Authority and GNIDA."
Homebuyers in Noida and Greater Noida, who are at present stuck in four lakh of such under-construction projects in various parts of the twin cities, had been recommending a revival of the UP-RERA to the original version of Central Rera Act, passed by Parliament in March 2016. The central Rera has been authorized by a set of definitions through the notification of October 27 in the state, where ‘ongoing projects’ exclude any project which has applied for occupancy certificate.
For the time being, for apposite integration of all builders on the Rera platform, Credai's NCR chapter on Tuesday applied for registration timeline to be extended to August 10. Yet, there is no official confirmation about it, builders are anticipating for an extension. "Though a 90-day window was offered, the online platform came very late. Also, even if the builders were well prepared for the registration, while feeding the data, lots of problems started cropping up. There have been technical problems while uploading data as well," said Pankaj Bajaj, president of Credai-NCR.
State government is in no mood for correcting the set policy which makes the circumstances stiffer for the buyers. Buyers are in doubts on the effectiveness of the central real estate law.
-LNN (Liyans News Network) - Buy luxury flats/apartments/bungalows in Kolkata availing residential property sale in Kolkata under our online property portal. Currently ongoing ‘post GST 7.5% discount on luxury residential purchase in Kolkata with us. Rush! Limited period offer!
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