P
Propmyna Khabri
UP-RERA Fines Three Noida Projects for Selling Without Registration
Noida buyers, are we always checking RERA registration before signing on the dotted line? UP-RERA has just issued a serious warning, slapping ₹5 lakh fines on three projects, including prominent names like Max Estate and Sobha Rivana, along with Avikalp Estate. These penalties are for selling units without proper RERA registration, a direct violation of regulations designed to protect us, the homebuyers. This move is part of a wider crackdown to ensure developers comply, safeguarding our investments and giving us legal recourse if things go south. What are your thoughts on this? Do you think such actions will genuinely impact property prices or buyer confidence in Noida?
#Noida#rera#legal
Comments
Meri toh salaah hai ki booking karne se pehle builder ka RERA portal pe jaake poora project check karo. Aur lawyer se bhi consult kar lo. Thoda kharcha hoga, but peace of mind milegi. Ye ₹5 lakh fine toh builders ke liye pocket money hai, unko koi farak nahi padta.
I think this will definitely impact buyer confidence, at least for some time. People will become more cautious. Noida market mein already itni speculation hai, aise news se log aur darenge. Especially those of us who are new to this whole process. Budget constraints ke saath, aise risks lena bahut mushkil hai.
Ye toh sirf tip of the iceberg hai. Kitne hi projects aise hain jo unregistered units bech rahe hain. RERA ko aur strict hona padega. What's the point of RERA if these things keep happening?
This is actually good news in a way. It shows RERA is finally taking action. For too long, developers have been getting away with things. Hopefully, this will set a precedent and force everyone to comply. But will it affect prices? I doubt it, Noida mein demand abhi bhi high hai, especially in areas near Alpha I Greater Noida.
U5, your friend needs to check the exact RERA status for her specific unit. Agar unregistered hai aur paisa phasa hai, legal recourse difficult ho jaata hai. This is why due diligence is key. Don't rely on builder promises alone.
I agree with U4. Action is good, but the impact on prices might be minimal. Developers will just pass on these 'fine' costs to buyers indirectly. I'm more concerned about the confidence part. First-time buyers like us are already on edge.
Haan, sahi keh rahe ho. Demand toh hai. Par Max Estate jaise naam agar aise fines kha rahe hain, toh chote builders ka kya haal hoga? Meri ek friend ne Avikalp Estate mein book kiya tha, she's super worried now. Kya usko apna paisa wapas mil payega?
Yaar, ye news dekh ke toh aur darr lag raha hai. Hum first-time buyers hain, aur aise scams se kaise bachein? RERA ka registration check karna kitna important hai, ab samajh aa raha hai. Socha tha Max Estate jaise bade builders toh safe honge. Ab kya karein?
Bhai, RERA registration toh pehli cheez hai jo check karni chahiye. Builder kitna bhi bada ho, agar registration nahi hai toh seedha skip karo. Ye fines toh theek hain, par humara paisa phans gaya toh kaun bachayega?
Exactly, U1! Meri bhi yahi tension hai. Maine suna tha Max Estate ke projects kaafi premium hote hain, toh unki taraf se aisi galti? This makes me question everything. Kya aise fines se sach mein kuch badlega?