UP-RERA identifies over 40 realtors duping home buyers

According to officials, they had received 17 complaints wherein the promoters provided fake registration numbers of UPRERA to gullible homebuyers.

LUCKNOW: Planning to buy a house? Cross check every document to be doubly sure as Uttar Pradesh Real Estate Regulatory Authority (UPRERA) has identified 43 private builders who were duping homebuyers in the city.

According to officials, they had received 17 complaints wherein the promoters provided fake registration numbers of UPRERA to gullible homebuyers.

Investigations found there were 43 such builders, who were constructing housing projects in prominent areas of the stat capital like Gomtinagar Extension, Jankipuram Extension, Kanpur Road, Matiyari and Sitapur Road.

UPRERA secretary, Abrar Ahmed, said, “We have found 43 projects, which are not registered with us, but builders printed fake registration numbers in their pamphlets and on websites. We are identifying more such housing projects and will lodge FIRs against them soon.”


According to UPRERA norms, every builder must get the project map approved from LDA and take a no-objection certificate (NOC) from the fire department.

HouseBrand Real Estate

We will negotiate the best Property and land deal in the market for you and support you throughout the process of Property and land acquisition. Our main objective is to get you the best Property and land in the region of your choice and that too in your budget only. Contact us for Best Deals and offers.

For Any Queries Contacts us

Phone- 9811135518

E-mail- housebrandrealestate@gmail.com

Web- housebrandrealestate.in

fb page- www.facebook.com/housebrandrealestates

Instagram- housebrandrealestate

UP-RERA to retender over 24 stuck projects in NCR

The move will benefit more than 30,000 home buyers, a top official said. Unsold flats and nearby land will be used by the new promoter to generate money and complete the project, UP Rera chief Rajive Kumar said.

BY: Faizan Haidar

NEW DELHI: People who have bought flats in projects where the construction is stopped for more than a year in Noida, Greater Noida and Ghaziabad may soon get to see their projects being revived by a new developer.

Real Estate Regulatory Authority (Rera) of Uttar Pradesh has identified more than two dozen 'stuck projects' in the NCR towns of the state to deregister them and invite fresh tenders from developers to complete the construction.

The move will benefit more than 30,000 homebuyers, a top official said.

Unsold flats and nearby land will be used by the new promoter to generate money and complete the project, UP Rera chief Rajive Kumar said.

He said there is provision for this under Sections 7 and 8 of the Real Estate (Regulation and Development) Act, 2016. “Section 7 says if a project is stuck, then all the violation is brought to the notice of promoter,” he told ET.

“In case he is willing to take action to complete the project, we give him the opportunity and put a monitoring committee.”

In cases where original promoter is not in a position to complete the project, the Residents’ Welfare Association (RWA) is asked to come forward and if two third of them agrees, the authority starts the procedure to deregister the project under Section 8.

This provision was first exercised in May when Rera deregistered three phases of Unnati Fortune Holdings’ Aranya housing project in Noida.
HouseBrand Real Estate
We will negotiate the best Property and land deal in the market for you and support you throughout the process of Property and land acquisition. Our main objective is to get you the best Property and land in the region of your choice and that too in your budget only. Contact us for Best Deals and offers.
For Any Queries Contacts us
Phone- 9811135518
E-mail- housebrandrealestate@gmail.com
Web- housebrandrealestate.in
fb page- www.facebook.com/housebrandrealestates

Instagram- housebrandrealestate

Greater Noida development body begins document verification of Amrapali home buyers

On Thursday, about 55 home buyers of the project sought information regarding registry procedure, while 20 got their documents verified, said Santosh Kumar OSD (builders) GNIDA.

GREATER NOIDA: Following orders of the Supreme Court, officials of Greater Noida Industrial Development Authority (GNIDA) on Thursday, began the document verification work for registry purposes of home buyers of Amrapali Castle Project located in sector Chi V of Greater Noida.

On Thursday, about 55 home buyers of the project sought information regarding registry procedure, while 20 got their documents verified, said Santosh Kumar OSD (builders) GNIDA.

Kumar adds that the work of document verification for Amrapali Castle project will continue on October 4 and 5. “GNIDA will carry out the work of document verification of home buyers of other projects of Amrapali group in Greater Noida in a schedule manner,” said Narendra Bhooshan CEO GNIDA.

The Thursday’s document verification work was done under OSD Kumar along with GNIDA team of Shyam Sundar, Kailash Chandra, MP Singh and Rahul Sharma. RWA members of the Amrapali Castle project also collaborated in the work.

There are three Amrapali projects in Greater Noida—Castle, Grand and Leisure Valley. Officials had on Wednesday said that of all three, GNIDA will start work on Castle initially since the construction is fully complete and most flat buyers have already moved in

Amrapali castle is a group housing society built over around 10,000 square metres area. Sources said that there is a pending amount of Rs 9.57 crore from this project that the builder has not paid to the authority so far.

The society has 302 flats in three towers, of which about 215-230 are occupied by homebuyers and tenants. The project was launched in 2010 and possession started in 2014-14. However, none of the flats are registered yet.

Residents said that the authority has already taken measurements and the NBCC team has also completed the little work that needed to be done in the common areas.
HouseBrand Real Estate
We will negotiate the best Property and land deal in the market for you and support you throughout the process of Property and land acquisition. Our main objective is to get you the best Property and land in the region of your choice and that too in your budget only. Contact us for Best Deals and offers.
For Any Queries Contacts us
Phone- 9811135518
E-mail- housebrandrealestate@gmail.com
Web- housebrandrealestate.in
fb page- www.facebook.com/housebrandrealestates
Instagram- housebrandrealestate

NBCC to hand over two Amrapali projects to SC receiver in November

The flat owners are expected to start the registry from next month, almost six years after they moved in to the flats.

BY: Faizan Haidar

NEW DELHI: The National Building Construction Corporation (NBCC) will hand over the first two of the 16 Amrapali projects to the Supreme Court receiver in November, a senior official said.

The work on fire-fighting equipment, sewage treatment plant, waste treatment plant and final paint work in some of the flats of two societies — Eden Park and Castle, that combine have 618 flats — is nearing completion.

The flat owners are expected to start the registry from next month, almost six years after they moved in to the flats.

These two societies had the basic amenities as over 400 residents had shifted here since August 2013 but some crucial safety feature were not there, which NBCC is in the process to complete.

“About 80-85% work in these societies was complete and the remaining work is also about to be completed. Once we handover these in November, we will start work on remaining societies,” said Neelesh Shah, director (projects) of NBCC.

More than 40,000 buyers were stuck with under constructed projects, some since the past decade after Amrapali Group was dragged to court for alleged fraud and money laundering.

The SC, in January, had asked NBCC to complete these two societies before cancelling the registration of all 16 societies of Amrapali in July.

“I am living here since 2015 and though basic amenities like water, power and lift were there, few critical features such as fire-fighting equipment and clubhouse were lacking. NBCC has now completed the work and the Noida authority has also started the verification of documents to start the registry,” said Pankaj Kumar, a resident of Eden.
HouseBrand Real Estate
We will negotiate the best Property and land deal in the market for you and support you throughout the process of Property and land acquisition. Our main objective is to get you the best Property and land in the region of your choice and that too in your budget only. Contact us for Best Deals and offers.
For Any Queries Contacts us
Phone- 9811135518
E-mail- housebrandrealestate@gmail.com
Web- housebrandrealestate.in
fb page- www.facebook.com/housebrandrealestates
Instagram- housebrandrealestate

Greater Noida: Nine years on, Radicon Vedantam yet to be completed

While the project delay is a major concern, buyers are also worried about what comes after. Of the 150 families in the complex, only 73 have houses that are registered.

GREATER NOIDA: Nine years since it was floated, Radicon Vedantam in Greater Noida is nowhere near completion. The builder claims to have completed 456 apartments of the 855-unit project. Of them, only 150 live in the society now, of which only 73 have houses that have been registered. The rest are awaiting completion certificates.

The builder has finally set a 2020 deadline for completing the project. But buyers remain circumspect. "While the builder has given a final deadline to UP-Rera by which it is supposed to finish work on the flats, many people have not been able to take possession because of the high settlement bills. We have filed complaints with UP-Rera," said Rajesh Kumar, a buyer, adding, "The builder had made many promises – swimming pool, club, and so on. Right now, even the boundary wall has not been completed. The pace at which things are going, I wonder if we will get our flats on time."

While the project delay is a major concern, buyers are also worried about what comes after. Of the 150 families in the complex, only 73 have houses that are registered. Besides, the quality of houses and the society has not inspired much faith.

"The project suffered due to the mismanagement of funds by the builder. Buyers have been waiting for their flats for years and only half the project is complete; we are not sure of the quality of amenities we will get," said Amresh Chandra, a buyer.

On similar lines, Jayant Kumar, another buyer and resident, said, "I bought my flat in 2012. I finally got my flat a year ago, but the living conditions are appalling. The flat is not registered, common areas have not been built, power supply is erratic and we are dependent on ground water for our supply. I pay an EMI of Rs 25,000."

In response to the complaints by buyers, Arpit Gautam, a director of the company, said, "We have completed 50% of the project and have a deadline of 2020 to complete the rest. Our main problem at the moment is what any other builder is facing at the monent – liquidity crunch. However, despite all odds, we are committed to completing the flats."
HouseBrand Real Estate
We will negotiate the best Property and land deal in the market for you and support you throughout the process of Property and land acquisition. Our main objective is to get you the best Property and land in the region of your choice and that too in your budget only. Contact us for Best Deals and offers.
For Any Queries Contacts us
Phone- 9811135518
E-mail- housebrandrealestate@gmail.com
Web- housebrandrealestate.in
fb page- www.facebook.com/housebrandrealestates

Instagram- housebrandrealestate

Housing sale decline by 22% in NCR: Report

According to the report, Collectively, NCR saw new supply of 5790 units in Q3 2019 as against 4,200 units a year ago and nearly 13,570 units in the preceding quarter of Q2 2019.

BY: Faizan Haider

The National Capital Region (NCR) has seen 22% drop in housing sales on quarterly basis, according to a report by Anarock consultancy. As per the report, with sales of nearly 9,830 units in Quarter 3, 2019, the sales dropped yearly by 13% and nearly 22% on quarterly basis. Among the top 7 cites, NCR was second in recording maximum decline on quarterly basis.

According to the report, Collectively, NCR saw new supply of 5790 units in Q3 2019 as against 4,200 units a year ago and nearly 13,570 units in the preceding quarter of Q2 2019.

“Gurgaon saw maximum new launches in Q3 2019 comprising 2,030 units, increasing by 75% from 1,160 units in Q3 2018. Faridabad followed next and saw new launches of approx. 1,190 units in Q3 2019, up by 36% against the preceding quarter,” the report said.


With festival season approaching, developers are hopeful of better performance.
Greater Noida and Noida that saw minimal new supply, clocked in maximum sales in the third quarter this year (sale of 4,580 units). Greater Noida independently saw nearly 3,200 units sold in Q3 2019 – more than Gurgaon, which clocked in housing sales of 2,690 units during this period.


Ghaziabad recorded housing sales of 1,700 units in Q3 2019, decreasing by 20% on quarterly basis from 2,120 units sold in Q2 2019. According to the report, NCR has fared better in shedding its overall unsold stock on both quarterly and yearly basis. It saw its stock decline by 7% in a year – from 1,90,650 units in Q3 2018 to 1,77,900 units in Q3 2019. On a quarter basis, the region reduced its unsold stock by 2% - far better than most top cities except Hyderabad.
HouseBrand Real Estate
We will negotiate the best Property and land deal in the market for you and support you throughout the process of Property and land acquisition. Our main objective is to get you the best Property and land in the region of your choice and that too in your budget only. Contact us for Best Deals and offers.
For Any Queries Contacts us
Phone- 9811135518
E-mail- housebrandrealestate@gmail.com
Web- housebrandrealestate.in
fb page- www.facebook.com/housebrandrealestates

Instagram- housebrandrealestate

About 20 companies show interest to develop Jewar airport

GREATER NOIDA: As many as 20 national and international companies have shown their interest in the Jewar international airport project so far, officials said, as the deadline for submitting queries and seeking response ended on Monday.

While the last date to file a tender for the project is October 30, technical bids will be opened on November 6, and financial bids will be opened on November 29. The developer for the airport will be finalised in January 2020.

“The queries raised were taken up in two meetings — one held on August 19 and another on September 12 — chaired by the UP chief secretary. We had also extended the deadline for submission of queries from September 15 to September 30, so as to address the increasing number of queries — approximately over 200 — that came from the 20 bidders who have purchased the bid document so far,” said Shailendra Bhatia, nodal officer for Noida International Airport Limited (NIAL) that’s handling the project.

According to Bhatia, the concessionaire centres around two documents — request for quotation (RfQ) and request for proposal (RfP) — which deal with issues like how to apply, feasibility, eligibility, and queries related to the airport.

“The RfQ-cum-RfP and draw of concession agreement (DCA) documents have all been put up on the website on track mode after incorporating all queries raised so far,” he said.

While queries related to the concessionaire were over 200, the RfQ and RfP related queries were 111, said Bhatia, adding that DCA documents include agreements and execution clauses with the prospective concessionaire such as code of how to operate/develop the airport and its maintenance.


In addition to these, NIAL has also uploaded responses to queries on RfQ, RfP, DCA, and from the Union ministry of civil aviation (MoCA), Airports Authority of India (AAI), and Airports Economic Regulatory Authority (AERA), as well as the response from India Meteorological Department (IMD).

HouseBrand Real Estate

We will negotiate the best Property and land deal in the market for you and support you throughout the process of Property and land acquisition. Our main objective is to get you the best Property and land in the region of your choice and that too in your budget only. Contact us for Best Deals and offers.

For Any Queries Contacts us

Phone- 9811135518

E-mail- housebrandrealestate@gmail.com

Web- housebrandrealestate.in

fb page- www.facebook.com/housebrandrealestates

Instagram- housebrandrealestate