UP RERA will Rate Real Estate Developers Project

UP RERA is Planning to rate real estate Developers Projects

To Save the interests of home Buyers, the Uttar pradesh RERA is getting to rate each land comes and developers, Chairman Rajive Kumar said at a  workshop held in Delhi on thursday.

UP RERA is supposed for safeguarding the interests of home buyers. we’d be launching a system of grading the builders and comes shortly, Chairman of UP RERA Kumar said that the aim of grading each buyers and comes is that over a amount, it creates a record for builders and signals to the general public that the promoter and therefore the project have the next rating.

“A substantial a part of the grading can relate to feedback of the those that are related to the the primary round are going to be control around Feb and therefore the first rating are out before we tend to complete a year within the month of September next year.An freelance rating agency will conduct the exercise.

UP RERA chairman Kumar also said that 98 projects in state are audited thus far and heavy problems are found in 20-25 of them. Another twenty five are declared as fine and therefore the remaining are graded as redeemable. The auditing agency has has created some recommendations for the redeemable.

As he said “We are asking each the authorities to follow up those recommendations in order that comes will move ahead. Finance could be a major challenge,”



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