UPRERA penalises 11 builders for non compliance

Dated on: Wednesday 27th January 2021

The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has penalised 11 promoters of Rs 2.5 crore for non-compliance of its orders.The authority passed these orders under the provisions of Section 63 of the RERA Act which empowers the Authority to impose penalties up to 5 per cent of the cost of the project for non-compliance of its orders by the promoters.Five of the promoters who have been fined include Newtech Promoters & Developers who has been penalised Rs 46 lakh, Supertech has been fined Rs 34 lakh, Lucknow Development Authority has been fined Rs 57 lakh, Tulsiani Construction and Developers has been penalised Rs 30 lakh and Antriksh Realtek has been fined Rs 27 lakh

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