What does a project’s deregistration mean for homebuyers?1 min read 16 Feb 2021, 05:37 AM IST
Last week, the Uttar Pradesh Rera had cancelled the registration of two projects of Ansal API
The Uttar Pradesh Real Estate Regulatory Authority (Rera) last week cancelled the registration of two Lucknow-based projects of developer Ansal API. The authority had found severe financial irregularities, diversion and siphoning of funds amounting to ₹606 crore, which was diverted from the projects for other purposes.
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