[INDIA REAL ESTATE NEWS] Good morning everyone I am Nidhi from KI-KME. Here I have important INDIA economic news to share with you which is as mention under.|
The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has decided to adjourn cases till March 31 in view of coronavirus outbreak. The authority issued a public notice on Tuesday saying both Lucknow and Noida bench will not function between March 18 and March 31 and cases listed will be rescheduled.
“In view of the coronavirus (COVID-19) pandemic, UP RERA has decided to adjourn the hearing of all complaints listed between 18-03-2020 and 31-03-2020 both at NCR regional office and Lucknow headquarter,” authority said in a public notice.
However, complainants looking for early hearing if the cases can write to the UP RERA secretary and bench can take a call on early hearing of cases.
Since the project and agent registration is online, it will continue.
There are about 45,817 registered projects in India, but the count is heavily skewed towards the western part of the country, with Maharashtra alone accounting for half the projects. However, in UP, the number of registered project is 2710 while number of agents is 3302. Almost 70% of the complaints in UP are from NCR.
Read more at: https://economictimes.indiatimes.com/wealth/real-estate/up-rera-adjourns-hearing-till-march-31-amid-coronavirus-outbreak/articleshow/74671644.cms
Have a nice day.