Gr Noida builder office sealed over Rs 15cr dues

uthorities have sealed the office of realty firm La Residentia Developers Pvt Ltd for failing to refund Rs 15 crore to homebuyers of its La Residentia project in Techzone 4 despite repeated notices. While taking action, the Dadri sub-divisional magistrate (SDM) said that the office would face an auction if the developer failed to pay up soon. Nearly 40 homebuyers of La Residentia, awaiting possession or registry of their flats, had filed a case with UP Real Estate Regulatory Authority (Rera) for recovery payments.

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