LUCKNOW: The Uttar Pradesh Real Estate Regulatory Authority (UP Rera) has claimed to have recovered Rs 128 crore from promoters who failed to complete their housing projects and deposited the amount into the bank accounts of around 376 homebuyers so far this calendar year. With this, UP Rera has, to date, transferred Rs...
NEW DELHI: Uttar Pradesh's Real Estate Authority Chairman Sanjay Bhoosreddy on Friday said it is making efforts to streamline the process of registration of projects as well as dispute resolutions between builders and buyers.Addressing a real estate conference at Noida, Bhoosreddy said the property market in the...
NOIDA: UP Rera has warned developers not to hand over incomplete, or ‘canvas flats', to homebuyers, and violating this rule could attract large sums of penalties.The notice, issued on May 8, came in response to complaints from homebuyers, who allege that developers are forcing them to take possession of...
NEW DELHI: Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has decided to file an impleadment application before the NCLAT and challenge NCLT order of February 25, 2025 in the matter of Ansal API.Sanjay Bhoosreddy, chairman, UP-RERA said that the Ansal API had been evading its responsibilities to complete...
NEW DELHI: About 259 real estate projects registered with the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) in 2024. These projects are expected to provide homes for approximately 2.7 lakh families across the state.Among the major cities, Lucknow recorded 61 project registrations and is expected to...
NEW DELHI: The Uttar Pradesh real estate regulatory authority (UP-RERA) has issued a strong directive to real estate developers and agents, urging them to strictly comply with regulatory guidelines when issuing advertisements for their projects.Sanjay Bhoosreddy, chairman of the authority emphasized that all...
NEW DELHI: The Uttar Pradesh real estate regulatory authority (UP-RERA) has imposed a penalty of Rs 14.41 crore on Ansal Properties and Infrastructure for executing a total of 329 sale deeds across various unregistered pockets of Sushant Golf City, Lucknow, between March 26, 2022, and August 14, 2024, in violation...
LUCKNOW: In what could arguably be called a remarkable achievement, the UP real estate regulatory authority (Rera) in the past 17 months has recovered Rs 674 crore from promoters and developers since Sanjay Bhoosreddy, a 1989 batch IAS officer, assumed its chairman's office.Prior to his tenure, the real estate...
Representative imageGHAZIABAD: Nearly 77% of the recovery certificates issued by the real estate authority to the erring developers have been recovered, marking the city's lowest pendency rate in the realisation of recovery challans (RCs) issued by UP Rera.According to data from the board of revenue, Ghaziabad has...
NEW DELHI: From January 2024 to October 2024, about 220 new projects have been registered with Uttar Pradesh real estate regulatory authority (UP-RERA). A total of 190 projects were registered in the year 2023 and 215 projects in the year 2022.There has been a significant jump in the registration of new projects in...