LUCKNOW: UP real estate regulatory authority (UPRERA) on Friday imposed penalties against 11 prominent promoters for non-compliance of the orders of the authority.
A total of Rs 1.24 crore fine was imposed on promoters including Supertech (Rs 32.10 lakh), Mahagun India (Rs 6.91 lakh), Nivas Promoters (Rs 6.45 lakh), Sare Saamag Realty (Rs 11.58 lakh), Newtech Promoters and Developers (Rs 5.87 lakh), Ansal Properties and Infrastructure (Rs 8.86 lakh), TGB Realty (Rs13.35 lakh), IVR Prime Developers (Rs 9.92 lakh), La Residentia Developers (Rs 5,38 lakh), Logix Infrastructure (Rs 19.57 lakh) and Logix City Developers (Rs 4.11 lakh).
According to authority, the promoters failed to comply the orders of refund and possession, therefore they were penalized under section 63 of RERA act. The Authority also directed these promoters to ensure compliance of penalty order and deposit the amount within a month, failing which the amount of penalty shall be recovered as arrears of land revenue..
Further, the UPRERA revoked registration of Ansal API project pocket 4 sector O Sushant Golf City ( UPRERAPRJ7090) on the grounds of violation of the terms and conditions of the registration, the provisions of the RERA Act and conditions of the agreement with the homebuyers.
The authority said, during the course of hearing on the pending project of promoter Ansal API, it was found that there were irregularities committed in the sale of units under the project. The money was collected from the allottees without first obtaining a sanctioned map of the project which is proof of a fraudulent trading practice. No work was done by the promoter in last nine years.The promoter has diverted an amount of Rs 16.03 crore collected from the allottees of the project. The promoter had further not complied with the orders passed by the benches of the UPRERA on the complaints of the allottees.
The Authority barred the promoter from accessing the registration page of the project on the website of RERA, it also frozen the escrow account of the project in HDFC Bank, Hazratganj and has constituted a project monitoring and advisory committee under Bhanu Pratap Singh member UPRERA for facilitating the remaining work of the project.
This is the third project of Ansal API whose registration has been revoked by the authority.