The Uttar Pradesh Real Estate Regulatory Authority (UPRERA) has directed local authorities to initiate registration of real estate projects falling outside the planning areas under the Real Estate (Regulation and Development) Act (RERA) across the State. The decision comes following complaints related to non-implementation of projects and promoters running away with homebuyers’ money. Of the 1,000 complaints received by the State regulator, most of them are from Lucknow and Barabanki districts.
The new real estate act applies to all real estate projects with an area of 500 sq m or more and have a minimum of eight or more apartments in planning areas. However, to extend relief to homebuyers who have invested in projects outside the planning areas, the regulatory authority can order the promoter to register their project with the State regulator after which, RERA provisions will apply to that particular project from the date of registration.
In a meeting held recently, UPRERA chairman, Rajive Kumar, has discussed the approval and regulation of projects which are outside the planning areas stating that RERA will only apply to a project if its layout plan has been sanctioned by the concerned local authority (Zila Panchayat in most cases).
Interestingly, UPRERA has already involved Uttar Pradesh Remote Sensing Application Centre for conducting a site inspection of projects falling within 10 km of the Lucknow Development Authority (LDA) limits. It has also come to notice that some of the Zila Panchayats have not implemented the bye-laws related to the approval of real estate projects and they will soon be asked to adopt the same.