UP-Rera to ask banks to provide funds for delayed real estate projects

Loans delaying projects in UP? Rera will meet banks and builders soon.

UP-Rera has decided to ask banks to provide funds.

To delay real estate projects in Noida and Greater Noida.

Officials aware of the development said on Sunday.

The move comes after the authority found that many homebuyers’

Associations are struggling to arrange funds.

To complete the projects due to the reluctance of banks

Because of the uncertainty of recovering their money.