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UP-RERA extends validity period for registration of projects by 3 months

UP-RERA has decided to extend by three months the date of completion of the projects with the date of completion between 15 March 2020 and 31st December 2020.

Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has extended the validity period for registration of real estate projects in the state by three months in view of the nationwide lockdown in fight against COVID-19 pandemic.

UP-RERA has decided to extend by three months the date of completion of the projects with the date of completion between 15 March 2020 and 31st December 2020. The revised registration certificate of such projects will be issued separately and send to the concerned promoters.

The authority has also decided to meet everyday through video-conferencing to take stock of the pending matters that’s require the attention of the authority and to suitably guide its officers. It has deferred the hearings of all the complaints listed till May 3, 2020 to suitably dates to be communicated to the parties later on.

Under this arrangement the Authority will be scheduling 10-15 complaints before each of the benches at Lucknow and Gautam Buddh Nagar after intimating the parties about the revised schedule.

It will also reschedule the hearing of the complaints and arrangements of virtual hearing after the easing of the lockdown.

UP-RERA will create an online form to facilitate the submission of such grievances or references by stakeholders like homebuyers, real estate agents and promoters and to manage all public grievances whether coming through online facility or through mail or through personal audience through an integrated electronic grievance management system in a time bound manner.

The authority also decided to allow the promoters to update the QPR of the first quarter of the year 2020 by May 31, 2020. The date of any other statutory compliances pending at the level of the promoter has also been extended till May 31, 2020.

SourceET REALTY
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