A decisive step has been taken by MP RERA to suspend Bhopal CBD Project Srishti CBD of Promoter Deepmala Infrastructure Private Limited Gammon House, Mumbai, with quick impact. Promoters are allowed to accept construction and development work. MP RERA’s decision to suspend this project came into being when after constant information given by authorities, the promoter hasn’t presented the project for regular review and its non-submission of quarterly reports.
Gaining money for new appointments in the venture and issuance of new notice will be refused amidst the suspension period of the project. Additionally, sale of the property cannot be executed without the prior consent of the RERA. They are allowed to embrace only the construction and development work as it stands important.
Several notices have been issued by RERA which directs the promoters to be available with an agent for the regulation of the projects, but no representative has been there on behalf of the promoters. Further, it was also stated that no previous quarterly reports have been submitted online and regular ignorance of notification and orders of RERA has forced the authorities to take such strict action.