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Delink registries from land dues, UPRERA suggests to state government

Dated on: Thursday 8th June 2023

The Uttar Pradesh Real Estate Regulatory Authority has put forth a recommendation to the state government, suggesting that the registration process for finished real estate projects should be dissociated from the outstanding debts owed by builders to the Noida and Greater Noida authorities. This proposal aims to provide much-needed respite to homebuyers. However, an impasse between the development authorities and builders, regarding land dues amounting to Rs 39,000 crore, has left approximately 40,000 homebuyers in both cities in a prolonged state of anticipation for the registration of their flats.

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