Builders in a hurry to register on UP RERA website to cash in on old rules

UP RERA website was thrown open to public on 26th July, 2017. However, the website still refers to the old UP RERA Rules that were drafted and notified by previous state government under SP Rule. This is in sharp contrast to current state government’s assurance that a new UP RERA will be notified to bring it in sync with Central act. With UP RERA registration having started on the basis of old UP RERA rules, builders are cashing in on the opportunity to register as soon as they can.

By registering the project before new UP RERA rule is drafted, builders feel they would be able to utilize the glaring gaps in the existing rules. The current UP RERA dilutes the penalty for non-compliance of RERA rules. It allows compounding of imprisonment in lieu of a certain sum of money depending upon the governing section as stated below.

UP RERA – Option to escape imprisonment

The clauses for ‘delay penalty’ and ‘warranty for structural defects’ are also opaque and hence can be interpreted in different ways.

Need of the hour was to have the RERA website launched after notifying the updated set of rules. A swift notification of rules  is now needed to prevent any further manipulation of rules.

Last updated: July 28, 2017 at 10:53 am

One thought on “Builders in a hurry to register on UP RERA website to cash in on old rules

  • July 28, 2017 at 4:46 pm
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    Modi ji is the biggest hypocrite of all time, who promised to weed out corruption and bring transparency . First he promised to bring black money stashed abroad of the riches and politicians but failed miserably. It was an political winning formula to win elections. He has everything to win favors of his rich friend , names everyone are aware.

    The POLITICAL and Corruption nexus is clearly visible, when will people wake up to his menace in the garb of CLEAN INDIA. He is a disaster for public

    Reply

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