UP Chief Minister warns Real Estate Players of strict action

UP Chief Minister warns Real Estate Players of strict action

 

The flat buyers associations of Noida and Greater Noida had met the CM to express their worries and to seek actions against the alleged harassment by builders by not giving possession on time and charging extra money.

CM Yogi Adityanath’s Disappointment:

At UP Ahead Conclave which was organized in Lucknow by Confederation of Real Estate Developers Association of India (CREDAI) stated that there is a loss of confidence and trust amongst potential buyers as they are harassed by the builders and are not given the possession on time despite full payments.

UP CM has conveyed his disappointment in irregularities in the real estate sector. He stated that the gap between the buyers and builders is increasing and the government has to take actions to bridge this gap by taking strict actions.

After effects of the warning:

A day after the warning of strict action by the CM, authorities arrested the son-in-law of Amrapali builder CMD Anil Sharma, Hritik Sinha and official Nishant Mukul. This arrest happened as the real estate major had failed to pay labour cess of Rs. 4 crore. They were released after the amount was deposited. The head office of Amrapali Group in Noida was also sealed.

 

 

 

 

 

 

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