Major step taken by UP-RERA to de-register the project

Dated on: Saturday 25th May 2019

After many strict warnings served almost 3 months ago to Unnati Fortune’s Aranya, located in Noida Sector-119, regarding financial irregularities and funds diversion by it, the de-registration order was served based upon the information collected, inspections made of the site, complaints registered with UP-RERA and non-compliance of the provisions of the RERA Act. The order de-registered Aranya phases 3, 4 and 5 under section 7 of the RERA Act on the project which is valued over Rs.1500 crore. This step is serving as a warning to other builders as well.

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