UP RERA: Project Details Must Match Registration Records

By By Rediff Money Desk, Noida
Jul 11, 2024 21:04
UP RERA mandates that project details mentioned in part-wise completion or occupancy certificates issued by planning authorities should match the registration records. This measure aims to protect homebuyers and ensure clarity regarding project completion status.
Noida, Jul 11 (PTI) The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has asked all industrial and housing development authorities to identify parts of projects properly before issuing part-wise completion certificates or occupancy certificates.

The state real estate regulator said names of the completed towers, blocks, or units mentioned in the part-CC (completion certificates) or part-OC (occupancy certificates) issued by some of the planning authorities are not matching with the details given by the promoter to UP RERA at the time of registration of the project.

"Such Part-CC or OC creates doubts in the mind of the homebuyer about the status of completion of his unit or tower at the time of the execution of conveyance deed and handing over of possession of the unit," UP RERA said.

In an official communications, UP RERA has instructed competent authorities to provide specific details about the towers or blocks when issuing Part-CC or Part-OC.

These details should match the names given at the time of registration with RERA or in the agreement for sale between the promoter and the homebuyer, it said.

UP RERA also emphasised that issuing temporary CC or OC is not permissible under current laws and could adversely affect homebuyers.

"Apart from being contrary to the law, such temporary CC or OC can also be seriously detrimental to homebuyers who take possession on the basis of such temporary OC or CC and subsequently, because of some reason or the other, such temporary OC or CC is not confirmed by the concerned planning authority," the regulator said.

To avoid mismatches between project names and their blocks or towers, UP RERA has advised planning authorities to obtain marketing names of projects, along with the number of units, from promoters during the application for map sanction.

This measure is intended to ensure clarity regarding the completion status of projects.

"UP RERA is continuously striving to bring standardization in the sector with a view to not only protect the interest of the homebuyers but also to minimize litigation between different stakeholders," Sanjay Bhoosreddy, Chairman of UP RERA, said.
Source: PTI
Read More On:
real estatehomebuyerscompletion certificatepossessionreal estate regulatory authorityup reraproject registrationsanjay bhoosreddyoccupancy certificatehousing development authoritiespart-ccpart-occonveyance deedplanning authorities
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

TCS Retrenchment: 376 Employees Laid Off in Pune

Maharashtra minister reveals TCS laid off 376 employees in Pune over two quarters....

Ratnaveer Raises Rs 185.5 Cr for Expansion

Ratnaveer Precision Engineering raises Rs 185.50 crore via QIP to fund European...

Unisem Agritech IPO: Raises Rs 6 Cr From Anchor...

Unisem Agritech raises over Rs 6 crore from anchor investors ahead of its IPO. IPO...

BlackRock Invests in Aditya Birla Renewables

BlackRock commits up to Rs 3,000 cr in Aditya Birla Group's renewables arm, valuing it...

Fibe Raises $35M from IFC

Fibe secures USD 35 million from IFC to boost affordable credit access for underserved...

Capital Markets to Overtake Bank Credit: Kotak AMC

Kotak Mahindra AMC chief Nilesh Shah predicts capital markets will surpass bank credit....

Nephrocare Health Services IPO: Rs 260 Cr from...

Nephrocare Health Services (NephroPlus) garners Rs 260 cr from anchor investors ahead...

Park Medi IPO: Rs 276 Cr from Anchor Investors

Park Medi World raises Rs 276 cr from anchor investors ahead of its Rs 920 cr IPO. IPO...

India Aims for 6G Patent Leadership: Scindia

India is confidently progressing to become a major force in global 6G patents and...

Tehri PSP Unit Commences Commercial Power Supply

Manohar Lal starts commercial power supply from Tehri pumped storage plant's 250 MW...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2025 Rediff.com