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Lucknow18 minutes ago
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RERA had issued a notice for recovery of arrears of about Rs 20.89 crore in the last financial year itself after the hearing.
- The administration took action on Sahara India Housing and set a rhythm
In Lucknow, the capital of Uttar Pradesh, the district administration blocked the Sahara India Housing Office. It is being told that this action of the administration was done on the orders of the Real State Exchange and Development Act Act of the Real State Regulatory Authority (RERA), in which RC was issued to recover the dues.
The company had launched several residential projects under Housing. Thousands of people had invested in it. But the occupants did not get possession on time and plans were also hanging. Investors’ money has not been returned for years. The administration has warned that if preparations are not made to return the money to the investors in two days, then action will be taken to seal other properties as well.
Investors appealed in RERA
Many investors appealed in RERA when there was no assurance of payment from the company. RERA had issued a notice for recovery of arrears of about Rs 20.89 crore in the last financial year itself after the hearing. This money was invested by investors in all housing schemes.
According to SDM Sadar Praful Tripathi, despite RC, no money was deposited by the company. On this, Rera ordered the office to be sealed. Under this, the Housing and Finance Office was sealed on Wednesday.