In addition, UP-RERA has mandated that all industrial and housing development authorities must specify the names of the relevant towers or blocks for which a part-C.C. or O.C. is being issued. This should be done alongside listing the names of all towers or blocks within the project or project phase.

The authority has noticed that competent authorities have been issuing part-C.C. or O.C. documents with project particulars that do not match the names provided by promoters during RERA registration or in the sale agreements (BBA) between promoters and homebuyers.

Sanjay Bhoosreddy, Chairman of UP-RERA, stated, “It has come to our attention that the names of completed towers, blocks, or units listed in part-C.C.s or O.C.s issued by some planning authorities do not match the names given by promoters to UP-RERA at registration.

This discrepancy creates doubts among homebuyers and the regulatory authority. With due diligence at the planning authorities’ level, this issue can be easily resolved.”

These mismatched part-C.C.s or O.C.s cause homebuyers to question the completion status of their units or towers when it comes to executing conveyance deeds and taking possession.

To avoid these issues, UP-RERA has advised planning authorities to obtain the marketing names of the project, its towers, and blocks, along with the number of units from the promoter.

This information should be included in the application for map sanctioning and when granting completion or occupancy certificates. This approach aims to eliminate any doubts regarding the project’s or its towers’ and blocks’ completion status.

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Developers of these projects failed to meet Quarter-End (QE) compliances by not updating the project completion status with GujRERA within the specified deadline or seeking an extension.

This action will affect numerous developers in Ahmedabad, Vadodara, Surat, and Rajkot, as it prohibits them from advertising or selling the remaining units of these projects. Moreover, the developers cannot seek credit for these projects.

“A developer is required to adhere to project-completion compliance norms laid out by GujRERA. This means the details of project completion must be updated with GujRERA by the date mentioned at the time of registration.

In case the developer fails to complete the project by the specified date, an extension needs to be sought from GujRERA. The authority learned that developers have not completed compliance for at least 1,000 projects, or even applied for extensions,” said a top GujRERA official, requesting anonymity.

“We have canceled the registration of all such projects,” added the official. Most of these projects were launched in 2018-19 and had promised a project completion date in the first half of 2024, according to the official.

GujRERA has also provided details of each of these projects to the State Level Bankers’ Committee (SLBC) – Gujarat, urging them to freeze RERA-registered bank accounts of all these projects.

“This means developers of these projects cannot sell the remaining units because they cannot receive money in the registered bank account. Additionally, as RERA registration is canceled, they cannot advertise the project,” the official stated.

Interestingly, these 1,000+ projects also include those that are already completed, and buyers have been granted possession. “However, in many such cases, the Building Use (BU) permission is pending, and therefore, developers are not able to complete the QE compliance.

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Escon Infra Realtor, a leading real estate developer known for its unwavering commitment to quality and timely delivery, rolled out Escon Panache, an exquisite collection of 4 BHK villas at Greater Noida Expressway. The latest offering by the brand is set to elevate the standards of luxury living in the region and marks a significant milestone in Escon Infra Realtor’s legacy of delivering remarkable projects in the luxury residential segment.

Mr. Neeraj Sharma, MD, Escon Infra Realtor

Escon Panache is a product of its dedication to innovation and modernity in real estate development. The project introduces cutting-edge smart home systems, including integrated automation, state-of-the-art security features, smart lighting, and voice assistants. These advancements are designed to provide residents with unparalleled comfort, convenience, and security, setting a new benchmark for luxury living in the area.

Escon Infra Realtor has earned a reputation as one of the best real estate developers in the sector, renowned for its quality construction, modern amenities, and adherence to timely delivery schedules. With Escon Panache, the company aims to expand its spectrum of offerings and cater to the growing demand for luxury residences while prioritizing the comfort and convenience of its residents.

Escon Panache joins a prestigious portfolio of projects by Escon Infra Realtor, including Escon Pride Villas and Plots, which have set new standards for luxury living in the region.

Mr. Neeraj Sharma, MD, Escon Infra Realtor, shared, “Escon Panache represents our continued commitment to excellence and our vision to transform the way people experience luxury living. We are proud to introduce this landmark project, which not only showcases our expertise in real estate development but also underscores our dedication to meeting the evolving needs of our discerning buyers. It is with the tireless efforts of our team and our aim to set new benchmarks of growth that we have been able to make it to the leading developers’ bench, and we continue to strive to give our best to our customers.”

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“These suggestions won’t be approved unless the water source is clarified… The more than 200 building plans that have been received in the past two months are being examined. The process will start in February and each proposal will be followed by a site visit, he stated.

These developments are situated in the Pune district’s Maval, Mulshi, and Haveli talukas, which are experiencing a boom in building activity.

As per the directions issued by Divisional Commissioner Saurabh Rao last week, the checks have been started. Rao had instructed the PMRDA and municipal commissioners of Pune and Pimpri Chinchwad not to permit construction work until the builders had disclosed the sources of water they planned to supply to the property owners.

Every proposal will be considered on its own. If no one is living in the complex yet, permissions will be revoked. The PMRDA commissioner stated, “We will look for the water sources that the developer promised.”

The building permit department officials said that a review of the approvals granted based on the builders’ affidavits and the gram panchayat NOC would take place.

When awarding building licenses, the divisional commissioner had instructed PMRDA to consider more information than just the developers’ affidavits about water supplies.

Last Monday, the divisional commissioner urged the public to express their complaints over the water supply, under the directives of the Bombay High Court. 60 or more residents have brought up concerns about the water supply.

The PMRDA, which oversees more than 800 villages, two municipal corporations, seven municipal councils, and three cantonment boards, has sprung into action and chosen to carefully examine the construction projects it has approved.

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Section 15 of the notification reads, “The fungible compensatory area admissible on rehab component will be given without charging a premium and such reusable compensatory area for rehabilitation section shall not be used for free sale component and shall be used to give extra area over and above the eligible area to the existing tenants.”

Introduced in 2012, the fungible compensation area comprises 35% of the total built-up area. In order to facilitate the provision of larger homes—with 105 square feet of carpet area in addition to the required minimum of 300 square feet for a rehab apartment—it is provided to the builder without charge.

Developers, however, have insisted that this extra space is optional and cannot be provided because it would render the project unfeasible.

Now that the government has made it clear that it must be used to provide renters with more space, builders won’t be able to avoid it going forward.

The notification clears the way for the demolition of 19 BMC-owned buildings in central Mumbai that are required to be removed for the construction of the Bandra-Sewri connector. This connector will form an important link between the Bandra-Worli Sea Link and the Mumbai Trans-Harbour Link.

According to the announcement, each occupant undergoing rehabilitation will receive a minimum fixed carpet area of 27.88 square feet (300 square feet) or a maximum of 120 square feet (1,292 square feet).

If a building is deemed unsafe, the BMC/Mhada’s reconstruction requires the consent of 75% of the tenants. A tripartite agreement between the tenants, developer, and BMC/Mhada will be signed, and occupiers will be compelled to pay the premium.

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