Citing non-transparent approach by the builders and unavailability of the court orders, the Indirapuram-based Federation of Apartment Owners' Association (FedAOA) has appealed the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) to make the judgments passed available online for the general public.
In this regard, the FedAOA has written to the RERA chief to upload the orders passed by the various courts on its official website.
"It will help the authorities concerned and public, in general, to know about the litigation history of the projects and their developers," Alok Kumar, president of the FedAOA told City Spidey.
"Also, it would help the prospective buyers to get information related to the history sheet of the builder and the project they are seeking after," Kumar added.
The website of the Maharashtra RERA displays the orders passed by their court on their website, however, UP-RERA does not.
Further, in the letter written to the authority, the FedAOA suggested to include these five searchable keywords so that the visitors could search the judgments easily on the website.
By Party Name
By Complaint Name
By Respondent/Promoter Name
By Bench Name
By Date of Order
"This should be done in public interest. If Maharashtra RERA website has this provision, people of Uttar Pradesh have the similar right I think," Kumar quipped.
Besides, the FedAOA claimed that builders are not uploading quarterly construction and financial audit reports on the website. FedAOA has further appealed the authority to issue general directions to the builder in this regard.
As per RERA norms, the developers have to deposit 70 per cent of the funds collected from the buyers in an escrow account. The developers are then directed by the authority to produce the records of the construction in their projects and financial audit of their escrow account to RERA on a quarterly basis.
"RERA acts like a watchdog. The purpose behind this procedure is to keep a tab on the developers and avert cases of treachery to the homebuyers. However, in the absence of quarterly audits and reports, one of the purposes of RERA is being defeated," commented Kumar.
City Spidey tried to contact the UP-RERA officials but they did not respond to our calls and messages.