NEW DELHI: The Uttar Pradesh real estate regulatory authority (UP-RERA) has removed 22 projects located across seven districts of the state from the ‘abeyance list’. The removal will pave the way for the resumption of construction work.
A total of 8,856 units (flats, plots, and commercial units) will be constructed under these projects. This move marks a major step towards the revival of projects that had remained pending for a long time.
After the implementation of RERA, several projects were found where promoters, during registration, had not uploaded the necessary documents on the RERA portal. Following a detailed examination by the authority, notices were issued to the respective promoters. In July 2024, it was decided that nearly 400 such projects where documents were incomplete and promoters failed to submit the required records despite notices would be placed under the ‘abeyance’ category.
Sanjay R. Bhoosreddy, chairman, UP RERA, said, “This will not only provide relief to homebuyers but also infuse fresh energy into the state’s economy.”
This decision will provide homebuyers with clear and accurate information about the status of such projects. It is also intended to prevent any promoter or individual from misusing the registration number issued by RERA.
