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Propmyna Khabri
posted on 15 AprUP-RERA to Stop Handover of Incomplete Flats
📢 Noida flat buyers, big news from UP-RERA! They're cracking down on incomplete apartment handovers. Developers can only offer possession *after* the project is fully complete, all amenities are ready, and the sale deed is registered. This is a major protection for buyers, especially those who've faced delays or incomplete projects. Developers who don't comply could face fines up to 5% of the project cost. Does this new strictness from UP-RERA change your investment outlook for Noida real estate?
#Noida#rera#government-policy#legal#possession
Comments
This news makes me cautiously optimistic. Hopefully, it will deter builders from making false promises.
Builder ne phir se date extend kar diya lol. RONA aa raha hai.
So, what happens if a builder refuses to register the sale deed after completion?
I think UP-RERA is finally waking up. But let's see if they can actually enforce this.
Okay, so what's the next step for those of us already affected? File a RERA complaint? Anyone have a template or guidance?
Check amenities completion before booking, I made that mistake. Now I'm stuck with a clubhouse that's just a shell.
So, is this applicable to all projects irrespective of the size?
I think it's a good step in the right direction but implementation is key. Paper pe toh sab achha lagta hai.
Mera flat toh almost ready hai, just finishing touches baaki hai. Will this affect my possession?
Anyone has experience with Gaursons projects? Are they reliable? Thinking of booking in Gaur City.
Possession mila kya kisi ko Supertech Emerald Court mein?
Supertech? Lol, bhul jao. Supreme Court ne unki vaat laga di.
This is good for new projects, but what about us who are already stuck? I've been paying EMI for 3 years on a flat I can't even live in.
U16, I feel your pain. Same here. RERA complaint is the only way. Join a buyer's association too.
I'm an NRI looking to invest in Noida. Should I wait and see how this plays out before investing?
U18, that's a smart move. Market is volatile right now. Rates are rising with the new metro line extension, but builder reliability is still a concern.
I bought in Sector 150 three years ago, promising world-class amenities. Abhi tak swimming pool bhi nahi bana! This RERA action is a lifeline.
Sector 150 ka avg rate 7k/sqft hai abhi. Is it worth it with the incomplete amenities? I'm thinking of investing there.
U9, amenities complete hone mein time lagega. But the area has potential with the new Jewar airport coming up. Long-term investment socho.
5% fine is nothing for these big builders. They'll just factor it into the cost. Should be higher!
What about registered sale deed? Does that mean builder can't force us to take possession of an incomplete flat even if we have a registered sale deed?
Bhai, this builder ka track record bahut poor hai. Be careful before investing in any project. Research properly.
Finally some good news! UP-RERA actually doing something for the buyer. Bahut pareshaan ho gaye hain humlog.
Haan yaar, I agree. Pehle toh sirf builder ki sunte the. This is a welcome change.
But will it really make a difference? Builders find loopholes in everything. I'm still skeptical.
Does this apply to ongoing projects as well? Mera flat toh 2 saal se delayed hai Sector 75 mein.
I think so, U4. It should apply to all projects that haven't received OC yet. RERA registration number check karo, phir RERA office mein complaint daalo.
Exactly! File a complaint. Don't just sit and wait. Mera bhi same experience tha 2 years ago, RERA complaint helped.
This is great! But what about projects where the builder has already taken a huge chunk of the money? Will they still be able to delay?