UP-RERA to Act on Conditional Possession Complaints
Real Estate

UP-RERA to Act on Conditional Possession Complaints

The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has received multiple complaints from homebuyers regarding real estate promoters offering conditional possession of units. According to the complaints, promoters are coercing allottees to sign new agreements or declarations that differ from the original sale agreement, restricting their legal rights in the future.

UP-RERA Chairman Sanjay Bhoosreddy stated that the authority is preparing to take action against such promoters, ensuring the protection of homebuyers’ rights. He emphasized that units should be sold only based on approved plans, and possession must be granted without deviations from the agreed terms.

Complaints reveal that some promoters are offering possession without completing necessary amenities and facilities as per the agreement or without obtaining the required Occupancy Certificate (OC) or Completion Certificate (CC). Moreover, demands exceeding the unit’s cost and outside the sale agreement’s conditions have been raised by promoters before delivering possession.

UP-RERA is set to investigate these issues and take necessary steps to hold promoters accountable for misleading sales and forcing allottees into unfair contracts.

The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has received multiple complaints from homebuyers regarding real estate promoters offering conditional possession of units. According to the complaints, promoters are coercing allottees to sign new agreements or declarations that differ from the original sale agreement, restricting their legal rights in the future. UP-RERA Chairman Sanjay Bhoosreddy stated that the authority is preparing to take action against such promoters, ensuring the protection of homebuyers’ rights. He emphasized that units should be sold only based on approved plans, and possession must be granted without deviations from the agreed terms. Complaints reveal that some promoters are offering possession without completing necessary amenities and facilities as per the agreement or without obtaining the required Occupancy Certificate (OC) or Completion Certificate (CC). Moreover, demands exceeding the unit’s cost and outside the sale agreement’s conditions have been raised by promoters before delivering possession. UP-RERA is set to investigate these issues and take necessary steps to hold promoters accountable for misleading sales and forcing allottees into unfair contracts.

Next Story
Resources

Mindspace REIT supports infrastructure enhancement at Yerwada Jail

Mindspace Business Parks REIT, owner and developer of a quality Grade A office portfolio located in four key office markets of India, strengthens CSR and Community Impact efforts through support towards infrastructure enhancement at Yerwada Central Jail, Pune. Aimed at addressing necessary infrastructure needs of both the staff and the jail’s 6,500 inmates, this initiative includes support in developing the following:A fully equipped primary health centre for improved medical careDrinking water storage tank with a filtration system, to ensure clean water accessChanging rooms and rest rooms f..

Next Story
Resources

Sustainable construction without compromising on quality

As India continues to experience a surge in infrastructure development, experts are calling for more sustainable practices in construction while emphasising the need for high-quality materials. With an increasing focus on environmental responsibility, the challenge remains to ensure that materials like Thermo-Mechanically Treated (TMT) bars meet both eco-friendly standards and the durability required for long-term infrastructure. The use of recycled steel has become more common in TMT bar production as part of an effort to reduce waste and promote sustainability. However, some manufacturers ha..

Next Story
Building Material

SAIL Chairman Calls for Steel Tariffs

The Chairman of Steel Authority of India Limited (SAIL) has called for the imposition of tariffs on steel imports, citing the need to protect the domestic steel industry from rising competition and price pressures. This recommendation comes amid growing concerns over the impact of cheaper imported steel, particularly from China, which is affecting the profitability and stability of Indian steel producers. The chairman highlighted that the influx of foreign steel has created market imbalances, making it difficult for local manufacturers to compete on both price and volume. India’s steel indus..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000