UP RERA extends construction deadline for Utopia Estate to December 2023

26 Jul 2022 , 02:00 PM

A group housing project in Ghaziabad that was affected by the pandemic and was supposed to be finished in 2022 has had its completion date extended by the Uttar Pradesh Real Estate Regulatory Authority (RERA) until December 2023, according to officials.

According to a formal statement, the RERA noted that construction on Utopia Estate began in April 2016 but was unable to be finished by the promoter M/s Sai Adhiraj Land & Promoters Pvt Ltd within the allotted period, which concluded on March 28, 2022.

According to the site inspection report, just 40% of the project has actually been physically completed as of this writing, according to the RERA.

In order for the allottees to take possession of their units as soon as possible, the promoter and the association of allottees had both asked Uttar Pradesh RERA to step in and facilitate the project's remaining development work under its careful supervision.

It was said that the promoter had already taken advantage of all extensions that were available for registration, including an additional extension for the COVID pandemic and a year under section 6 of the RERA Act.

However, due to the validity of the approved maps through August 2022, the authority took into account the promoter and association of Utopia Estate project allottees' request and decided to extend its support for the project's completion in accordance with Section 8 of the RERA Act read with Section 6, 7 and 37 of the acts, according to the RERA.

In accordance with the approval (95%) given by the association of the allottees, it has authorized the promoter to carry out the completion of the project's remaining development and construction work in a time-bound manner and to finish it by December 2023.