What's ahead for home buyers in deregistered projects
New Delhi, June 10 -- In what is being touted as a groundbreaking decision, the Uttar Pradesh Real Estate Regulatory Authority (UP Rera) last month deregistered three phases of housing project Aranya, which was being constructed by developer Unnati Fortune Holdings Ltd in Noida, under Section 7 of the Real Estate (Regulation and Development) Act, 2016. Under the Act, every upcoming project meeting certain conditions needs to get registered with Rera of the respective state....
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