UP RERA warns against misleading advertisements by Sarvottam World
Real Estate

UP RERA warns against misleading advertisements by Sarvottam World

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) denounced the promotional materials released by Sarvottam World, deeming them as "misleading and fraudulent." The UP RERA issued a stern warning to potential buyers and investors regarding Sarvottam World's upcoming project.

According to an official statement, the UP RERA identified a real estate project called 'Megapolis/Sarvottam Megapolis' within a technologically advanced township known as 'NEWOIDA.' This project was being vigorously advertised by the promoter, 'Sarvottam World,' across various media platforms, including newspapers, radio, and digital media.

"In this matter, we find it imperative to inform and caution all stakeholders within the real estate sector that the aforementioned advertisement is entirely deceptive and fraudulent. Contrary to the claims made in the advertisement, no such project is registered with RERA," stated UP RERA Secretary Pramod Kumar Upadhyay.

The registration numbers mentioned in the advertisements - UPRERAPRJ10825, UPRERAPRJ10851, and UPRERAPRJ11033 - actually belong to a different promoter, Uttam Steel and Associate (Consortium), and Ansal Hi-Tech Township, Upadhyay revealed.

"This kind of promotional activity by the promoter constitutes a violation of the provisions outlined in the RERA Act. Such advertising efforts can tarnish the promoter's reputation among stakeholders in the sector and may lead to injustices against prospective buyers," cautioned Upadhyay.

He added, "The promoter's actions are subject to penalties under the RERA Act of 2016, and we are taking appropriate measures to safeguard the interests of all stakeholders associated with the real estate sector. Promoters must adhere to the provisions of the RERA Act."

The UP RERA emphasised its dedication to regulating and advancing the real estate sector within the state. Additionally, it urged potential buyers and investors in the real estate sector to exercise caution. Before making any purchases or investments in a project, they should verify all project-related information using the registration number provided in the advertisement, which is available on the RERA portal at www.up-rera.in. Only after due diligence should they make their decisions.

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) denounced the promotional materials released by Sarvottam World, deeming them as misleading and fraudulent. The UP RERA issued a stern warning to potential buyers and investors regarding Sarvottam World's upcoming project. According to an official statement, the UP RERA identified a real estate project called 'Megapolis/Sarvottam Megapolis' within a technologically advanced township known as 'NEWOIDA.' This project was being vigorously advertised by the promoter, 'Sarvottam World,' across various media platforms, including newspapers, radio, and digital media. In this matter, we find it imperative to inform and caution all stakeholders within the real estate sector that the aforementioned advertisement is entirely deceptive and fraudulent. Contrary to the claims made in the advertisement, no such project is registered with RERA, stated UP RERA Secretary Pramod Kumar Upadhyay. The registration numbers mentioned in the advertisements - UPRERAPRJ10825, UPRERAPRJ10851, and UPRERAPRJ11033 - actually belong to a different promoter, Uttam Steel and Associate (Consortium), and Ansal Hi-Tech Township, Upadhyay revealed. This kind of promotional activity by the promoter constitutes a violation of the provisions outlined in the RERA Act. Such advertising efforts can tarnish the promoter's reputation among stakeholders in the sector and may lead to injustices against prospective buyers, cautioned Upadhyay. He added, The promoter's actions are subject to penalties under the RERA Act of 2016, and we are taking appropriate measures to safeguard the interests of all stakeholders associated with the real estate sector. Promoters must adhere to the provisions of the RERA Act. The UP RERA emphasised its dedication to regulating and advancing the real estate sector within the state. Additionally, it urged potential buyers and investors in the real estate sector to exercise caution. Before making any purchases or investments in a project, they should verify all project-related information using the registration number provided in the advertisement, which is available on the RERA portal at www.up-rera.in. Only after due diligence should they make their decisions.

Next Story
Equipment

Wilo Pumps Boost Efficiency in India’s Metro Stations and Airports

As India’s metro stations and airports handle millions of passengers daily, ensuring seamless operations is critical. One key factor in keeping these transport hubs running smoothly is pump technology. Wilo, a global leader in pump solutions, plays a vital role in water supply, drainage, fire safety, HVAC, and wastewater management in these high-traffic facilities.Metro stations and airports require a steady water supply for drinking, restrooms, cleaning, comfort cooling and fire fighting. Wilo pumps provide reliable water flow, ensuring uninterrupted service even during peak hours. Addition..

Next Story
Products

VEKA Acquires 100% Control of uPVC Business in JV NCL VEKA

VEKA Germany, a global leader in the uPVC profile industry, has successfully acquired 100% ownership of the Company, marking VEKA’s unwavering commitment to the Indian market and its confidence in India’s rapidly expanding construction, real estate, and infrastructure sectors. With VEKA now holding 100% control, following a takeover of the remaining 50% stake previously held by NCL and other shareholders.Since its launch in 2009, the company has become India’s largest producer of uPVC profiles for doors and windows. VEKA holds largest market share across 130 cities, with a strong product..

Next Story
Infrastructure Transport

Titagarh Rail Systems Wins Adani Cement Order for 16 Wagon Rakes

Titagarh Rail Systems Limited (TRSL), a leading Indian rolling stock manufacturer, has been awarded a significant contract from Ambuja Cements Limited and ACC Limited, part of Adani Cement. The order, valued at approximately Rs 537.11 crore, includes the manufacture and supply of 16 BCFCM (Bogie Covered Fly Ash/Cement Wagon) rake wagons with BVCM (Bogie Brake Van Type) wagons, further reinforcing TRSL’s leadership in the freight rolling stock sector.The contract underscores TRSL’s expertise in designing and manufacturing specialised freight wagons for bulk transportation. The BCFCM and BVC..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?