UP RERA fines two developers for advertising without registration
“In the board meeting of UP RERA, it was decided that Box hills construction pvt ltd has violated regulations of RERA at their Lotus Garden Homes project in Mathur-Vrindavan development area. As per the regulation, a fine of Rs 1.05 crore has been imposed,” said Rajesh Tyagi, secretary, UP RERA.
The cost of the project is Rs 15.05 crore.
As per the regulation, any developer can not sell apartment or plots and cannot even promote it without getting it registered with RERA. Failing to do so attracts fine upto 10% of the project cost.
“Once the violation was brought to our notice, we got it verified. The promoter was issued a notice but the response was not satisfactory. The developer has been directed to submit the amount within one month and get the project registered within 15 days. Failure to do it will attract criminal action,” said Tyagi.
The developer was issued notice and was asked to respond within a month.