The Madhya Pradesh RERA is expected to restart stalled projects.

BHOPAL: The Madhya Pradesh Real Estate Regulatory Authority (RERA) would assess the unfinished projects and work with government organizations to complete them.

According to the Madhya Pradesh real estate regulating authority, attempts were made to finish any unfinished or protractedly unworked projects.

The same goes for projects that have missed deadlines or had their deadlines extended. The regulatory body was looking at these initiatives.

In this regard, earlier this month, the divisional commissioner and collector of Indore met with the RERA authority. The regulatory body also looked at such ongoing projects in Khandwa and Ratlam.

The district authorities at the local level were requested to work diligently to finish such initiatives. The commission has decided to use the MP Housing & Infrastructure Development Board to continue the work on three unfinished projects.

Regarding long-standing and unfinished projects that have missed deadlines, the regulatory body has the jurisdiction to make a decision.

According to the regulatory body, developers in the three in question violated the terms and conditions of their contracts with customers, and as a result, the commission has issued orders for them to remit the money to the projects’ accounts.

Additionally, any information regarding the investors or buyers in the project was requested of the project’s promoters and developers. The regulatory body is holding buyer hearings, and it was anticipated that it will complete the projects through the MP Housing & Infrastructure Development Board to protect the interests of the buyers.