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Labour Laws
06/09/20264 min read
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Informative
UP-RERA expresses strong displeasure with Prayagraj development body for not giving possession, ET RealEstate
Update / Judgement Date
24 May 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
RERA & Property Act
Sanjay Bhoosreddy, UP-RERA Chairman, expressed strong discontent over Prayagraj Development Authority's delay tactics, referring nine Alaknanda project cases to the RERA Adjudicating Officer. Despite RERA's possession order in March 2023 and completion certificate in January 2024, the promoter failed to transfer ownership to allottees. \r
Bhoosreddy mandated recovery certificates for delayed interest payments since 2016, emphasizing prompt execution of registries and possession handovers. Delays incur financial burdens, urging planning authorities to expedite processes for allottee benefit.
