Top Section
Explore Business Standard
Don’t miss the latest developments in business and finance.
The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) on Monday started pre-hearing scrutiny of complaints, in a move aimed at quick disposal of cases. UP RERA has an e-courts system for filing of complaints by the homebuyers and the promoters. It issued revised standard operating procedures (SOP) on December 2, 2023 for filing, scrutiny and hearing of complaints and conciliation. In doing so, UP RERA not only simplified the process of filing of complaints, but made it more comprehensive also, it said in a statement. "Now the process has become more user-friendly and will be conducive to early listing and speedy disposal of complaints. This facility is available from Monday (January 15, 2024) on UP RERA portal," the regulatory authority said. Explaining the process, it said the legal division of UP RERA will scrutinize the new complaint and its attachments to ascertain that the particulars of the complainant, the promoter or the respondent and the project are correct and as
Uttar Pradesh real estate regulator UP RERA has issued a 15-day ultimatum to promoters of group housing projects to update quarterly progress reports of their projects on its website. UP RERA Chairman Sanjay Bhoosreddy said a number of promoters fail to file QPRs (quarterly progress reports) of their projects on time and "some of them have filed the subsequent QPRs without filing the pending QPRs". Not updating quarterly progress reports of projects amounts to violation of the relevant provisions of the RERA Act, Bhoosreddy said in a set of directions issued to promoters on Thursday. "Therefore, it has been decided to allow the promoters to file the pending QPRs of their projects as well as the QPR of October to December, 2023 quarter by 15th January, 2024," the order said. As per norms, QPRs are required to be filed within 15 days of the closure of the given quarter. Accordingly, UP RERA has modified the facility on its web portal and from now onwards, promoters will be able to fi
The Uttar Pradesh Real Estate Regulatory Authority on Wednesday directed housing project developers in the state to sell units or apartments as per carpet area only. As per the provisions of the RERA Act and pursuant to other legal agreements and contracts, there is no justification of 'Super Area', UP RERA said. The sale of apartments on this basis will be considered illegal and according to the provisions of RERA Act, buying and selling of apartments is legal only on the basis of carpet area, it said in a statement. "There is no abbreviation or definition of Super Area in the RERA Act. It is indeed necessary for allottees to consider Carpet Area as the actual area of the unit or apartment and pay the promoter according to this area," UP RERA Chairman Sanjay Bhoosreddy said. According to the RERA Act 2016, promoters mention the number of units, and their types along with floor, balcony, terrace and area of other spaces while registering the project on the portal. In this, they ...
Maharashtra registered highest number of projects (42,204) till date, followed by Tamil Nadu with 18,915 projects.Uttar Pradesh has disposed of the most complaints since UP-RERA inception.
Uttar Pradesh Real Estate Regulatory Authority (UP RERA) on Friday said it has issued notices to about 130 promoters across the state for violation of rules related to advertisement of registered projects. The regulator also noted non-compliance with its recent orders by a majority of promoters despite being granted time during a review by UP RERA Chairman Sanjay Bhoosreddy, as per an official statement. In recent months, UP RERA has issued directions about the promotion and advertisements of registered and unregistered projects, mentioning the RERA registration number and portal prominently and uploading the coordinates of a designated director of the organisation for correspondence. It also called for updating and correcting the filed details of projects on the RERA portal, maintaining active telephone numbers for consumers, appointing knowledgeable persons to answer them and activating helpline numbers for mega projects. Apart from this, the directions included providing complet
The Uttar Pradesh Real Estate Regulatory Authority on Friday allowed a realtor to complete a stuck housing project in Greater Noida. The UP RERA approved the promotor's plan with the consent of a majority of allottees to complete the remaining construction and development work of Elegant Ville project in Techzone 4 area of Greater Noida West. According to RERA officials, the project with 761 units was scheduled to be built in four phases and delivered by 2019 but got stuck. "To protect the interests of the allottees of Elegant Ville, a stuck project of Gautam Buddh Nagar, UP RERA has authorized the promoter to complete the remaining construction and development work under provisions of section 8 of the RERA Act with the consent of its majority of allottees," UP RERA said. "For this, the promoter of the project, Elegant Infracon Private Limited, has collaborated with Floral Realtech Private Limited and presented a plan of project rehabilitation according to which the project will be
The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) on Tuesday termed the advertisements of Sarvottam World as "misleading and fraudulent" and warned buyers and investors against its upcoming project. The UP RERA noted that a real estate project named 'Megapolis/Sarvottam Megapolis' in a hi-tech township named 'NEWOIDA' is being advertised by a promoter 'Sarvottam World' and being broadcast and publicized on all platforms of media - newspapers, radio, digital, etc, according to an official statement. "In this regard, we have to inform and warn stakeholders of the real estate sector that the said advertisement is completely misleading and fraudulent. As per the description presented in the advertisement, there is no such project registered with RERA," UP RERA Secretary Pramod Kumar Upadhyay said. The mentioned registration numbers in the advertisements - UPRERAPRJ10825, UPRERAPRJ10851 and UPRERAPRJ11033 belong to another promoter i.e Uttam Steel and Associate (Consortium) an
The Uttar Pradesh RERA on Monday directed promoters of real estate projects to provide name, designation, mobile number, e-mail ID, residential address, office address etc. of their person authorized for correspondence, officials said. This has been done to ensure uninterrupted correspondence with promoters, the UP Real Estate Regulatory Authority (RERA) said, noting that contact numbers of some promoters given at the time of project registration are found inaccessible. "We have come to know through various means that the mobile numbers provided by some promoters at the time of project registration are non-functional/not in use and are switched off. "Some cases were also received in which either no one picks up the mobile number provided or a suitable response is not received during the conversation," UP RERA said. To address this issue, UP RERA has issued new guidelines to promoters to ensure uninterrupted communication with their stakeholders, especially buyers. The promoter mus
In the non-NCR districts, Lucknow accounted for 400 or 20 per cent of the total projects underway
Real estate regulator in Uttar Pradesh has asked realty firm Ajnara Realtech to complete its stalled housing project in Greater Noida, comprising nearly 600 flats, by June 2025. The project 'Ajnara Le Garden Phase-3', located in Noida Extension (Greater Noida -West), was launched in 2014 but could not be completed. There are 585 flats in four towers in this project, of which 476 units have been sold to customers. In a statement, the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) on Monday said it has authorised Ajnara Realtech, the existing promoter of the Ajnara Le-Garden Phase-3 project, to complete the remaining construction. The promoter has been given time till June 2025 to complete the remaining construction work and ensure possession of homes to 476 allottees, it said. "UP-RERA, with a view to protect the interests of the allottees of a stuck project... authorised the existing promoter, Ajnara Realtech, to undertake the completion of the remaining construction and
Uttar Pradesh Real Estate Regulatory Authority chairman Rajive Kumar has said recovery certificates worth Rs 1,200 crore have been resolved across the state since 2018 through recovery and mutual consent between builders and homebuyers. Of the total, recovery certificates (RCs) worth Rs 394.26 crore were resolved in the 2022-23 financial year alone, Kumar said at the 125th meeting of the UP RERA on Wednesday, which also marked his last working day as the chairman of the authority. The 1981-batch IAS officer also served as chief secretary to the Uttar Pradesh government before his appointment as the chairman of UP RERA in 2018. "Overall recovery certificates worth about Rs 1,200 crore have been resolved by the administration through recovery and mutual consent and this is the highest among all RERA institutions," an official statement quoted Kumar as saying. "In fact, a quick jump has been noticed in the recovery of recovery certificates after Covid-19 and FY 2022-23 has contributed
The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) on Tuesday said it has invited expression of interest (EOI) for use of artificial intelligence in quasi-judicial process in e-Courts. The use of artificial intelligence (AI) and machine learning (ML) includes interventions at the level of complaint filing, filtering or prioritisation of cases or notifications and tracking of cases, it said in an official statement. 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 between consumers and builders. UP RERA wishes to leverage emerging technologies such as artificial intelligence (AI), machine learning (ML) and natural language processing (NLP) for designing, developing, and implementing an 'Intelligent Quasi-Judicial System - Smart Court', that would enable the authority in achieving an efficient, fair, explainable, and speedy processing of ...
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