UP-RERA Enhances Oversight of Real Estate Project Accounts

UP RERA Allows Sale Deed in Ansal API Completed Projects

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has issued a directive allowing the execution of sale deeds to homebuyers in completed projects of Ansal API's Lucknow township. This decision comes as a relief to allottees, enabling them to complete property transactions without hindrance.

UP RERA's directive lifts any restrictions on executing sale deeds for homebuyers in Ansal API's completed projects, providing clarity and certainty to buyers and developers alike. This move aims to streamline property transactions and facilitate the transfer of ownership rights in accorda..

UP RERA Makes Co-Allottees Inclusion Mandatory in Complaints

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has issued a directive mandating the inclusion of co-allottees in complaints filed by homebuyers. This decision aims to ensure fair hearings and protect the interests of all parties involved in real estate disputes.

According to UP RERA, many complaints have been disposed of without considering the perspectives of all co-allottees. In some cases, only one allottee's grievances were heard, neglecting the rights and concerns of others.

Recognizing the common practice of joint allotment among family members and other assoc..

UP RERA Introduces Document Pre-upload

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has implemented a significant procedural change aimed at enhancing the efficiency of its hearings. In a recent update, UP RERA now requires all involved parties to upload relevant documents a minimum of 48 hours before the scheduled hearing. This forward-thinking move is set to streamline the adjudication process, ensuring that all necessary information is available well in advance.

This initiative reflects UP RERA's commitment to transparency and expeditious dispute resolution within the real estate sector. The new protocol ..

Delhi HC Orders NBCC to Refund Homebuyer

The Delhi High Court has ruled in favour of a homebuyer, directing the National Buildings Construction Corporation (NBCC) to refund Rs 7.6 million along with interest. The decision comes as a relief to the homebuyer, who had filed a petition seeking the refund of the amount paid towards the purchase of a property.

The court's order highlights the importance of protecting the rights of homebuyers and ensuring accountability among real estate developers. The ruling also underscores the significance of adhering to regulatory guidelines and fulfilling commitments made to customers.

T..

UP Govt Cancels Noida Land Allotment to M3M

The Uttar Pradesh government has cancelled the allotment of two land parcels in Noida to the M3M Group, citing undisclosed reasons. This decision marks a significant development in the ongoing scrutiny of land allotments and real estate transactions in the region.

The cancellation of land allotment underscores the government's commitment to transparency and accountability in land allocation processes. The move reflects a broader effort to address concerns related to alleged irregularities and ensure fair and equitable treatment for all stakeholders involved in real estate transactions...