Developers file cases against homebuyers in UPRERA
Real estate developers are now taking recourse to RERA and lodging complaints against homebuyers for non-payment of dues. As many as 50 such cases have so far been filed with UPRERA, sources told media. Some builders have also filed complaints with UPRERA against development authorities for not issuing completion certificate on time, they said. As many as 43 cases have been filed by Supertech Group and three cases by Logix Group against homebuyers who have not deposited money as per the builder-buyer agreement. In some cases, builders have been unable to conform to the construction schedule as their cash flows have been affected due to non-payment of dues by buyers, they claim. In many cases, the builder has received the occupation certificate from the authorities and construction has been completed. The unit is ready for possession but payments have not been received from homebuyers, they said.
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