UP Govt, No Penal Interest For Builders If Lawsuit Interrupts Projects
No Comments Sub Category:Cities,Construction,Other cities,Projects,Realty News,Residential Real Estate Posted On: Dec 04, 2019
The Uttar Pradesh government on Tuesday decided to exempt builders from paying out the penal interest and other dues for the period of their project is stalled due to lawsuit if they pass on this privilege to the home buyers.
The decision to provide a “zero period” benefit to builders was taken at a state cabinet meeting chaired by Chief Minister Yogi Adityanath.
Industrial Development Minister Satish Mahana told reporters that the benefits will exercise to builders who are ready to give houses to buyers by June 2021. For detail reading, Click HERE
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