Uttar Pradesh Real Estate Regulatory Authority (UP RERA) Chairman Sanjay Bhoosreddy has expressed strong displeasure over the non-registration of properties belonging to nine allottees of the Alaknanda Project by the Prayagraj Development Authority, despite the UPRERA order and the issuance of a completion certificate (CC) in January 2024.
Consequently, the chairman has referred all nine matters to the RERA adjudicating officer to ensure the registration and execution of the work under the Civil Procedure Code (CPC).
Additionally, the Chairman of UPRERA has directed the release of recovery certificates for the payment of interest to the allottees from 2016 onwards, to compensate them for the prolonged delay caused by the promoter's inaction.
The Chairman emphasized that the non-registration of properties by the Prayagraj Development Authority, despite UP RERA's order and the completion certificate, is not only objectionable but also economically disadvantageous for the authority. He mentioned that UP RERA's role is to provide relief to the allottees as per the provisions of the RERA Act.
