UP-RERA rejects registration application of Supertech projects
Real Estate

UP-RERA rejects registration application of Supertech projects

Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has refused the registration application of two offered Supertech projects under section-5 of RERA read with section 4(2)(B) and section-11(4)(B).

The decision has been taken since Supertech failed to complete a large number of its projects within the timeline submitted to RERA and has also failed in making compliance with a large number of orders passed by the authority on the complaints registered by the home buyers of the projects of the promoter company.

The rejected projects are Supertech Golf Country GH01- Phase-1A and Supertech Golf Country GH01- Phase-1B.

The authority had asked for a full compliance report of its orders and a credible action plan to complete its projects from the promoter.

R.K. Arora, chairman of Supertech, during the hearing, told the authority that the organisation was working to complete the projects and also to make compliance with the orders of the authority.

However, UP-RERA did not find written or oral answers of the promoter satisfying. It concluded that it is not suitable, and it shall not be in the home buyers' interest to allow registration of two new projects of the firm when it has not completed many projects already listed with RERA and has also defaulted in making compliance with a large number of orders given by the authority granting relief to resentful home buyers of the firm.

UP-RERA Chairman, Rajive Kumar, said that the promoter has not complied with the orders of the authority, and there has not been any discernible shift in the compliance status of the pending orders at the promoter's end. The promoter has also not given a credible action plan to complete its ongoing projects, which has resulted in many home buyers of the promoter being forced to come to the authority with complaints about relief. The promoter not only failed to give impulse to its projects, but it has also failed to comply with the orders of the authority, thereby further increasing the problems of home buyers.

The authority also concluded to give the promoter a second opportunity to re-apply for registration of these two projects after he substantially complies with the previous orders of the authority.

Image Source


Also read: No valid registration of over 100 realty projects: UP-RERA

Also read: UP National Lok Adalat: UP RERA disposes 79 cases

Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has refused the registration application of two offered Supertech projects under section-5 of RERA read with section 4(2)(B) and section-11(4)(B). The decision has been taken since Supertech failed to complete a large number of its projects within the timeline submitted to RERA and has also failed in making compliance with a large number of orders passed by the authority on the complaints registered by the home buyers of the projects of the promoter company. The rejected projects are Supertech Golf Country GH01- Phase-1A and Supertech Golf Country GH01- Phase-1B. The authority had asked for a full compliance report of its orders and a credible action plan to complete its projects from the promoter. R.K. Arora, chairman of Supertech, during the hearing, told the authority that the organisation was working to complete the projects and also to make compliance with the orders of the authority. However, UP-RERA did not find written or oral answers of the promoter satisfying. It concluded that it is not suitable, and it shall not be in the home buyers' interest to allow registration of two new projects of the firm when it has not completed many projects already listed with RERA and has also defaulted in making compliance with a large number of orders given by the authority granting relief to resentful home buyers of the firm. UP-RERA Chairman, Rajive Kumar, said that the promoter has not complied with the orders of the authority, and there has not been any discernible shift in the compliance status of the pending orders at the promoter's end. The promoter has also not given a credible action plan to complete its ongoing projects, which has resulted in many home buyers of the promoter being forced to come to the authority with complaints about relief. The promoter not only failed to give impulse to its projects, but it has also failed to comply with the orders of the authority, thereby further increasing the problems of home buyers. The authority also concluded to give the promoter a second opportunity to re-apply for registration of these two projects after he substantially complies with the previous orders of the authority. Image Source Also read: No valid registration of over 100 realty projects: UP-RERA Also read: UP National Lok Adalat: UP RERA disposes 79 cases

Next Story
Real Estate

Sources Unlimited Launches Aurora Collection Inspired by Twilight

Sources Unlimited unveils the Aurora Collection, a luxury lighting series inspired by the soft glow before dawn. Featuring spherical forms and metallic accents, the collection plays with reflections and shadows, enhancing interiors with layered illumination. Designed for floors, tables, ceilings, and walls, Aurora seamlessly integrates into diverse spaces, from homes to hospitality settings. Now available at Sources Unlimited, the collection redefines lighting as an artistic medium, transforming spaces with warmth, nostalgia, and timeless beauty...

Next Story
Real Estate

Build Capital Exits Second SRA Project Investment Near BKC

Build Capital has successfully exited its investment in an SRA project near Bandra-Kurla Complex, marking another milestone in its structured real estate financing strategy. The early-stage investment helped the developer complete rehab work and align the project with DCPR 2034, enhancing total economics. With a 2.25 lakh sq. ft. development potential and projected revenue of over Rs 7.25 billion, the project generated a 19.76 per cent IRR with 100 per cent on-time interest payments. Commenting on the milestone, Kuldeep Jain, CEO of Build Capital, stated: “Our strategic funding and acti..

Next Story
Real Estate

Küche7 Unveils Affogato: A Fusion of Luxury and Function

Küche7, India’s luxury stainless steel kitchen specialist, has launched Affogato, a sculptural kitchen design that merges aesthetics with functionality. Featuring deep brown panels with a brownstone texture, a curved marble-topped island, and a seamlessly integrated gas cooktop, Affogato redefines culinary spaces. Thoughtfully designed storage ensures a clutter-free experience, while soft grey flooring and an inlaid ceiling complete its refined appeal. More than a kitchen, Affogato embodies slow li..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?