UPRERA HAS DECIDED TO SELL UNSOLD UNITS OF DEFAULTING BUILDERS FOR PAYING REFUND TO THE BUYERS:
In an unprecedented move UPRERA has decided to sell the unsold units of defaulting builders who are not honoring the recovery notes issued by the UPRERA. UPRERA has taken this decision after realising that the cash strapped builders whose projects are unreasonably delayed are not returning money to the buyers who do not want to remain with the project. UPRERA will soon float a portal for the global e-auction of unsold properties of cash-strapped builders who have been issued recovery notes. The buyers have welcomed this step of UPRERA which one of its kind and taken first time and will certainly benefit home buyers.