The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) will conduct forensic audit of the accounts of Supernova Phase-I, Phase-II, Phase-III and Phase-IV of Supertech Realtors.
UP-RERA also decided to issue show cause notice to the Supertech Realtors under section 7 of the RERA for revoking the registration of its project Supernova Phase-IV.
It had granted conditional registration to the project on the request and commitment of its chairman R K Arora that he will submit the revalidated map of the project within six months. He had submitted that his application for revalidation of the map of the project is pending with the Noida authority on account of pending dues, that matter will be resolved soon and he would submit the revalidated map.
However, the promoter did not submit the revalidated map in time. Therefore, the authority issued a notice to the promoter in February 2020 to submit the revalidated map or else the registration of the project will be revoked. The promoter has not replied to the notice of the authority.
The matter was reviewed by the authority and it decided to issue a show cause notice to the promoter to explain within 30 days as to why the registration of the Supernova Phase-IV be not revoked.