The area management has actually released RCs versus building contractors and firms in Noida and Greater Noida that are not following UP RERA orders. (Representative/ PTI File Photos)
In a special discussion with Local 18, SDM Atul Kumar specified that Rs 148 crore was recuperated this fiscal year. He shared that the District Magistrate is collaborating with various other authorities for healings from building contractors outside Noida
In an action targeted at suppressing the arbitrariness and tyranny of building contractors in Noida, the area management has actually taken stringent activity versus failing building contractors to recoup fees under the Real Estate Regulatory Authority (RERA).
Around 60 building contractors owe almost Rs 2,600 crore to theNoida Authority The area management is taking concrete actions to recoup this quantity. Recovery certifications (RCs) are being released versus failing building contractors, and stringent activities are being required to recoup the fees under RERA. This company position has actually created panic amongst building contractors in Noida and Greater Noida.
The area management has actually currently released RCs versus building contractors and firms in Noida and Greater Noida that are not following orders from the Uttar Pradesh Real Estate Regulatory Authority (UP RERA).
Sub Divisional Magistrate (SDM) for Finance and Revenue, Atul Kumar, specified that RCs are being constantly released since it includes individuals’s hard-earned cash, and the management is taking care of the issue purely. In April, Rs 15.63 crore was recuperated. The quantity increased to Rs 46.05 crore in August.
In a special discussion with Local 18, Atul Kumar stated that an overall of Rs 148 crore has actually been recuperated in this fiscal year. Some building contractors are from Delhi or various other areas. The District Magistrate is collaborating with the corresponding area authorities for those healings.
The SDM stated that letters are being sent out, conversations are recurring, and activity is being taken versus the debtors. “We are hopeful that in the coming days, we will achieve even better results. The accounts of defaulting builders are being seized continuously,” he included.
