UP RERA revokes registration of Ansal API project in Lucknow.

The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has de-registered another project of Ansal API in Sushant Golf City, Lucknow.

This is the third project of Ansal API whose registration has been revoked by the Authority.

Authority has also frozen the escrow account of the project in HDFC Bank, Hazratganj and has constituted a Project Monitoring and Advisory Committee for facilitating the remaining work of the project as per section 8 of RERA.

“The Authority has taken this step for effective protection of the interests of the homebuyers and ensure compliance of the provisions of RERA Act,” a spokesperson said.

UP RERA had issued a show-cause notice to the promoter u/s 7 of RERA for revocation of registration of its project Ansal API Pocket 4 Sec O Sushant Golf City on May 1, 2019 on the grounds of violation of the terms and conditions of the registration, the provisions of the RERA Act and UP RERA Rules and terms and conditions of the agreement with the homebuyers.

RERA has found Irregularities in the sale of units under the project and said that money was collected from the allottees without first obtaining a sanctioned map of the project which is proof of a fraudulent trading practice.

The authority also found that no work has been done by the promoter over the last nine years and the promoter has diverted Rs. 16.03 crore collected from the allottees of the project.

ET