UP RERA

There was a jump of about 23 per cent in the registration of projects in 2022 as compared to 2021

Non-NCR cities of Uttar Pradesh pipped Noida, Greater Noida, and Ghaziabad to attract over 60 per cent of the new realty projects in the last five years, according to registration data of UP Real Estate Regulatory Authority (RERA). In 2022 alone, the UP RERA registered around 225 projects of which more than 150 were in non-NCR cities of the state like Lucknow, Varanasi, Gorakhpur, Bareilly, Agra, Mathura and Moradabad, the data showed. The UP RERA was established in 2017 to regulate the fast-growing real estate sector, bring transparency, protect the interest of homebuyers and ensure speedy resolutions of disputes of consumers and builders. "So far, 3,340 plus real estate projects have been registered with RERA. In 2022, approximately 225 applications of new project registration have been received of which 125 in the first half and 100 in the second half of the year. "Almost 72 projects were in the National Capital Region (NCR) and 153 projects were in the non-NCR districts. The ra

If they do not get registered with us then we have got enough of more power to take action against them under section 59 and 61 of the Act.

The UP RERA held review meetings of 76 projects from the national capital region (NCR) with their promoters between July 5 and July 9, officials said on Friday.

Nearly 40 per cent of all complaints were resolved in Uttar Pradesh alone

Almost 75 per cent complaints lodged with the Uttar Pradesh Real Estate Regulatory Authority (RERA) in two years have been from the NCR districts, including Noida and Ghaziabad, it stated on Friday.

CREDAI and Naredco have been demanding one time restructuring of developers outstanding loans with financial institutions to prevent bad loans and making them eligible for fresh borrowings

Projects in the state have a combined inventory of 100,000 units valued at Rs 1.50 trn, mostly in Noida and Greater Noida

Under Section 63 of the RERA Act, if the replies are deemed to be inappropriate then penalty of 5 per cent of the total project cost will be levied on them

Rules state that if RERA does not issue possession certificate or raises concerns, the builders can start giving possession to buyers

UP Real Estate Regulatory Authority (RERA) has engaged Remote Sensing Application Centre (RSAC) for inspection of construction sites within 10 km of the Lucknow Development Authority (LDA) limits