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UP RERA took big action on movie theater, outstanding amount of Rs 1.95 crore was now sealed

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Movie theater sealed

New Delhi: A cinema hall in Greater Noida was sealed on Wednesday for non-payment of dues of Rs 1.95 crore. The Grand Venice Mall in Greater Noida, Uttar Pradesh failed to pay dues to the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) despite receiving multiple recovery notices. When the screening of Bollywood’s recent release ‘Tiger 3’ was going on, the cinema hall was suddenly sealed.

What is the reason for sealing?

According to a report in Times of India, Sadar SDM Ankit Kumar said that RERA had issued three recovery certificates against the mall’s developer, Bhasin Infotech and Infrastructure Limited. Whereas the Consumer Forum took this action after this.

TOI quoted Sadar SDM as saying, “Though the buyers invested their money, their properties were not handed over to them. Some of them approached RERA while others filed petitions in the consumer forum. Both of them filed a complaint against the developer. Issued recovery certificates. Several reminders were sent to the developer, but they were ignored. So, we visited Grand Venice Mall on Monday and sealed a cinema hall.”

Movie theater sealed

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Movie theater sealed

The owners of Grand Venice Mall, M/s Grand Venezia Commercial Tower Pvt. Ltd. and M/s Bhasin Infotech & Infrastructure Pvt. Ltd., failed to clear the dues despite several notices, prompting the Greater Noida District Consumer Disputes Redressal Commission to take strict action.

Builders owe Rs 600 crore

The action led by the district magistrate is part of a broader drive as builders in the Gautam Buddha Nagar area owe nearly Rs 600 crore to the district administration. UP-RERA has issued recovery notices against builders to protect the interests of home buyers and promote real estate investment.

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