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Big Action Of UP Rera Cancel Registration Of Three Projects In Ghaziabad Ann

Big Action of UP Rera in Ghaziabad: UP RERA has...

Big Action of UP Rera in Ghaziabad: UP RERA has taken big action in Ghaziabad. The registration of three projects – Space Culture Phase-2, Space Culture Phase-3 and Defense Science Culture Phase-2 located here has been canceled with immediate effect. Their promoters are M/s Antriksh Realtek Pvt. Ltd. and Defense Science Employees Cooperative Housing Society Ltd. has been declared a defaulter by UP RERA. Promoter has been included in the list of defaulters with photo and name by UP RERA.

UP RERA took big action in Ghaziabad
Information about this action taken by RERA has been sent to RERA offices across the country. It has also been decided to freeze the bank accounts of the promoters to prevent any transaction related to the project. After completing the remaining development works of the three projects, a committee has also been formed to give possession to the allottees. The committee consists of Vice Chairman, Ghaziabad Development Authority, Technical Advisor of UP RERA, Conciliation Consultant, Auditor along with the concerned financial institution and project manager. Unions of allottees will also be there as members.

Construction work was stopped for many years
At the same time, the promoter had given the date of start of the space culture phase-2 and space culture phase-3 project in 2015 and July 2022 for completion. Similarly, the date of commencement of Defense Science Culture Phase-2 project was given in 2015 and June 2023 for completion. Whereas, according to the terrestrial verification report of the project received by Uttar Pradesh RERA, construction and development work was done up to 40 percent in Space Culture Phase-2 and only 30 percent in Space Culture Phase-3. At the same time, the construction work has not yet started in Defense Science Culture Phase-2. The construction work on the project has also been completely stopped for the last several years.

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