The biggest challenge in the real estate sector has been a delay in delivery of possession by the developers, but after the implementation of RERA where the developers have to register their projects they lie to RERA about possession dates.
In Lucknow, Ansal Properties & Infrastructure Ltd.(API) has launched a project located in Pocket 7 of Sector C in 2006. The homebuyers were assured that they will get possession in three years. But the investors and homebuyers have been waiting for the last 8 years and the possession has still not been given.
Now the developer has delayed delivery of possession by another 7 years. Ansal API during registering the project with RERA mentioned 2023 as the year of project completion.
The real estate sector developers have shown very irresponsible attitude in Lucknow and many such developers have failed to meet deadlines.
The builders can’t continue their business without registering their projects with RERA because it is mandatory to give compensation for delays in delivery of possession of homes. To avoid this situation the Ansal API lied to the RERA and mentioned wrong project completion dates.
There’s a huge gap between the date of possession mentioned during the launch of projects and the date registered with RERA.
Ansal API has projects Ansal’s Celebrity Greens, Celebrity Garden and Celebrity Meadows which were launched in 2010-11 and possession was promised by 2013-14. Now their websites are displaying 2019 and 2022 as the years of possession.Meanwhile, Ansal API said they will look into the matter and let everyone know. The homebuyers have already been informed about the revised dates.