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UP RERA Imposes Rs. 14.41 Crore Penalty on Ansal Properties for Violating RERA Act

Dated on: Friday 10th January 2025

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has imposed a penalty of Rs. 14.41 crore on Ansal Properties & Infrastructure Ltd. for violating provisions of the Real Estate (Regulation and Development) Act, 2016. The violations pertain to the delay in possession of flats to buyers and failure to deliver apartments within the stipulated time frame as per the agreement. The penalty includes compensation to homebuyers and will be deducted from the company’s ongoing projects in accordance with RERA's guidelines. The company has been ordered to refund amounts to the affected buyers and pay the penalty to the authority.

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