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UP real estate authority slaps penalty on 5 promoters for flouting ads

UP real estate authority slaps penalty on 5 promoters for flouting ads

The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) on Thursday said it has imposed a penalty of ₹1 lakh each on five promoters for violation of advertisement and promotion rules, warning them not to repeat the offence. UP RERA Secretary Pramod Kumar Upadhyay said the amount of penalty being imposed is only a 'token'.(File) In violation of section-11 of the RERA Act, penalty of...