Summary:
These projects exclude the ones under Amrapali Group, Jaypee (both in Supreme Court) and 3C.A high-powered committee set up by the UP government had also proposed a similar arrangement to complete projects besides giving some relaxation to developers to bring in new players to complete stalled projects. “Out of the 98 projects which were covered, there is absolutely no problem in case of 25 projects. Sources said the UP cabinet is likely to consider the recommendations of the high-powered committee this month and will take a decision to complete the projects. NEW DELHI: The Uttar Pradesh real estate regulator ( UP-Rera ) will conduct a grading exercise of developers as well as housing projects in the state, which homebuyers and financial institutions can use as a guide. There are serious issues in another 20-25 projects, which are difficult to resolve.“The remaining projects can be revived by roping in a co-developer or providing seed funding..