UP Builders May Lose Land for Failing to Pay Rehabilitation Advance

29 Aug 2024 CW Team

Builders in Uttar Pradesh who accepted rehabilitation deals but failed to pay the required advance may face losing their land. The Uttar Pradesh government has issued warnings to developers who agreed to the rehabilitation scheme but did not comply with financial commitments. The rehabilitation deal was part of the state's effort to ensure affordable housing and develop projects efficiently.

Under this initiative, developers were allotted land on the condition that they would pay an upfront amount as part of the agreement. However, many builders have delayed or neglected these payments, prompting the state to consider reclaiming the allotted land. Authorities have emphasised that failure to adhere to the payment terms could result in severe penalties, including the cancellation of land allocations.

The move aims to ensure transparency and accountability in real estate development, ensuring that only serious builders participate in these housing projects. This action is expected to expedite housing construction and prevent undue delays in planned developments across the state.

Infrastructure Urban

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