MP RERA suspends Bhopal Shrishti CBD project

| | Bhopal
  • 0

MP RERA suspends Bhopal Shrishti CBD project

Thursday, 23 May 2019 | SR | Bhopal

Madhya Pradesh Real Estate Regulatory Authority (RERA), has taken the decision to suspend Bhopal’s CBD project Srishti CBD of promoter Deepmala Infrastructure Private Limited Gammon House, Mumbai with immediate effect. The promoter can only undertake construction and development work.

The Authority took this decision as even after giving information to the promoter several times the project has not been present for regular review and due to non-submission of quarterly report.

During the suspension period of the project, acquiring money for new bookings in the project and issuing new advertisement will be prohibited. As the project is incomplete, the execution of sale of property without prior permission from RERA has also been banned. The promoter may undertake construction and development work as this is also essential.

RERA had issued notices several times to the promoter to be present with a representative for regular review of the project, but no responsible person was present on behalf of the promoter. In a review of the quarterly report available on-line in the project by the Authority, it was found that previous quarterly reports had not been submitted. This rigorous action has been taken due to the promoter’s disregard for notices and directives of RERA.           

State Editions

LG informs president Murmu of Atishi oath

19 September 2024 | Staff Reporter | Delhi

Delhi records 2,170 arms act cases in 2024

19 September 2024 | Staff Reporter | Delhi

North Delhi Medical College holds convocation ceremony

19 September 2024 | Staff Reporter | Delhi

Two cousins drowned in Yamuna during Ganpati immersion

19 September 2024 | Staff Reporter | Delhi

Sunday Edition

Paris Paralympics Para athletes bask in glory and gold

15 September 2024 | Rishabh Malik | Agenda

DUBLIN'S HIDDEN GEM

15 September 2024 | AKANKSHA DEAN | Agenda

From wheels to wings

15 September 2024 | Gyaneshwar Dayal | Agenda

We hope to instil a respect for our heritage:Tarun Thakral

15 September 2024 | Pioneer | Agenda

The Monsoon’s Whisper in Every Note

15 September 2024 | SAKSHI PRIYA | Agenda