Rajive Kumar, chairman of the authority said, “UP-RERA has already acted for rehabilitation of some projects in the NCR region and this is the first project in Lucknow wherein the remaining development work is being sought to be completed through the Association of Allottees under the close monitoring of RERA for realizing the objective of this beneficial legislation.”
UP-RERA had revoked the registration of this project in August 2019 for serious breaches of RERA Act by the promoter and constituted a project advisory and monitoring committee under Bhanu Pratap Singh, one of its members.
Subsequently, RERA called upon the association of allottees to submit a viable proposal for completion of the remaining work of the project. The Plumeria Homes Welfare Association submitted its proposal during March, 2021 under which they proposed to undertake the remaining development work in association with a developer to be selected through a transparent tender process.
U.P. RERA authorised subject to very strict terms and conditions. The association will have to issue an Expression of Interest for selection of the developer within 30 days from the date of order issued.
The developer will be selected based on the quantum of surplus it can generate from the project which can later on be utilized for completing the remaining development work of other incomplete projects of the promoter under the orders of RERA.
The association will jointly with the new developer prepare the D.P.R. of the project and get the same approved by RERA. It will open a separate bank account for the project and can withdraw from this account only on the basis of certificates by the chartered accountant, the architect, and the structural engineer of the project after the same is also certified by the construction consultant appointed by RERA.
Rohtas Plumeria Homes was started in the year 2008 and has about 900 allottees. Its promoters are presently absconding.