UP RERA imposes penalty of over Rs.1.4 crore on nine developers

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has imposed an INR 1.4 crore penalty against nine developers for not complying with its order. UP RERA, in its 84th meeting, reviewed the status of compliance of its orders by the promoters. AIMS Promoters Pvt ltd, Wave Mega City Centre Pvt ltd, Ansal Housing Ltd and Ansal Properties & Infrastructure Ltd are among those who have been penalised.