8 month(s) ago
UP-RERA Tightens Regulations for Land Ownership and Promoter Consent. The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has issued new guidelines to protect homebuyers and ensure transparency in real estate projects.
Here’s a breakdown:
Land Title and Owner Consent:
Disclosure of Encumbrances:
Protecting Buyer Rights:
Clearer Project Registration Process:
These stricter guidelines aim to address situations where:
In such cases, UP-RERA would struggle to approve project registrations and promoters might be unable to fulfill ownership transfer obligations to buyers.
Overall, these measures by UP-RERA promote a more transparent and secure real estate environment in Uttar Pradesh.
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