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Under ‘Uttar Pradesh RERA’, many builder’s attached properties will be e-auctioned

Noida (UP). The District Justice of the Peace of Gautam Buddh Nagar, Uttar Pradesh Actual Property Regulatory Authority will conduct e-auction of properties price about Rs 380 crore connected to a number of builders right here for non-payment of dues below the Uttar Pradesh RERA. An official gave this data.

Further District Justice of the Peace (Finance and Income) Vandita Srivastava stated that below the Uttar Pradesh Actual Property Regulatory Authority ‘Uttar Pradesh RERA, about Rs 1400 crore of restoration certificates (RC) is due on numerous builders. He stated that the workforce of Dadri and Sadar tehsil has up to now connected belongings price about Rs 400 crore. However because of non-auction, the due quantity just isn’t being recovered.

The official stated that on the proposal of the district administration, the Uttar Pradesh authorities had authorized e-auction, after which the administration is getting ready to conduct the public sale. He knowledgeable that the State Authorities has approved the District Officer to conduct the public sale. After getting the federal government order, the administration has began preparations.
The district administration will full this course of in collaboration with the Noida and Higher Noida authorities. Up to now 309 properties of 44 builders have been connected and the district administration goals to conduct the primary public sale within the month of March itself.

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