According to GLADA (Greater Ludhiana Area Development Authority) Chief Administrator Sagar Setia, builders must adhere to guidelines mandating the acquisition of licenses from the authority after registering with RERA (Real Estate Regulatory Authority). In a bid to regulate real estate activities effectively, GLADA has issued notices to builders who have displayed advertisements without the required licenses. This move underscores GLADA's commitment to upholding legal and regulatory standards in the development sector. Setia emphasized the importance of builders complying with these procedures to ensure transparency and accountability in the real estate industry.
The Greater Ludhiana Area Development Authority (GLADA) has taken strict action against multiple real estate firms in the region for installing advertisement hoardings in public places without the necessary licenses. GLADA's Chief Administrator, Sagar Setia, highlighted that these promoters are legally obligated to secure a license from the authority after registering under the Real Estate Regulatory Authority (RERA).
The move comes as a significant step towards maintaining order in the city's burgeoning real estate sector, where unregulated advertisements have become a common eyesore. GLADA aims to ensure that all developers adhere to the established guidelines to create a fair and transparent real estate market for residents.
Chief Administrator Sagar Setia emphasized that GLADA has issued formal notices to these promoters, instructing them to promptly remove their unauthorized advertisement hoardings. In the event that these advertisements remain in place, GLADA is prepared to initiate legal action under the Punjab Apartment and Property Regulation Act (PAPRA) and the Real Estate (Regulation and Development) Act, commonly known as RERA.
These notices serve as a clear warning to real estate firms operating in the Ludhiana region that the authority will not tolerate any violations of the established regulations. The implementation of PAPRA and RERA allows for the swift resolution of such issues, ensuring that unauthorized hoardings are swiftly removed and that developers operate within the bounds of the law.
The unauthorized hoardings not only pose aesthetic problems but also create safety concerns and clutter in public spaces. GLADA's action aims to address these issues and promote responsible advertising practices among real estate developers.
Local residents have welcomed GLADA's decisive action, hoping it will lead to cleaner and more organized public spaces. The notices issued to real estate firms are a reminder of the importance of adhering to regulatory procedures, ultimately contributing to the growth and development of the Ludhiana region's real estate sector while safeguarding the interests of its citizens.
The affected real estate firms now have a crucial decision to make - either to promptly remove their unauthorized hoardings and comply with the licensing requirements or potentially face legal consequences under PAPRA and RERA.
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