UP RERA Asks Developers to Apply for Central Govt’s Stress Funds
The Real Estate Regulatory Authority of Uttar Pradesh (UP RERA) has written to over 1200 developers asking them to apply for a stress fund announced by the central government.
The UP RERA authority said in a media release that the action has been taken in order to make sure that the promoters of such projects are informed of the scheme so that the projects are completed on time and the home buyers of such projects are able to get their home.
A UP RERA official said that considering a large number of stalled real estate projects, registered with RERA are in Uttar Pradesh in which the houses of above one lakh home buyers are connected. So, the UP RERA also held a meeting with promoters in November to make them aware of the scheme so that they are able to apply for the last mile funding under the stress funds on time and in a proper way. For detail reading, Click HERE
