UP RERA penalises Mahagun India, Supertech, Ansal API, Logix Infra yet again

New Delhi: Uttar Pradesh RERA has fined Mahagun India, Supertech, Ansal API, Logix Infrastructure, Newtech Promoters and Developers, etc under Sec-63 of RERA for not obeying the orders of the authority.

Some of the other companies gthat have been penalized by UP-RERA are T.G.B. Realty, Nivas Promoters, Logix City Developers, Sare Saamag Realty, I.V.R. Prime Developers and La Residentia Developers.

Secton 63 of the RERA gives power to RERA Authority to impose monetary penalty on the real estate companies sand brokers not obeying its orders.

UP RERA has asked promoters of these companies to comply with its orders immediately and also deposit the fine within a month.