Tag: Lucknow

Latest StoriesRera

UP Government to Streamline RERA Regulations

LUCKNOW: Uttar Pradesh Chief Minister Yogi Adityanath has directed officials to ease legal aspects concerning corporate restructuring, Limited Liability Partnerships (LLPs), and real estate transactions under RERA, aligning the legal framework with evolving economic and business needs. During a review of the Stamp and Registration Department’s operations, Adityanath emphasized that, “Given the state’s rapidly growing economy, investment activities, and urbanization, the department must become more transparent, tech-savvy, accountable, and citizen-focused.” He noted that “Registration offices interact directly with the public, so their processes need to be modernized, streamlined, and user-friendly,” according to an official statement. Adityanath also advocated for the…

IndustryLatest Stories

Lucknow: Land Sale Ban in LDA Housing Projects on Sultanpur Road

LUCKNOW: The state government has banned the sale, purchase, and registration of land within the specified zones of the Lucknow Development Authority’s (LDA) planned IT City and Wellness City projects along Sultanpur Road. This ban took effect on Saturday. The order states that any transfer or registration of land within the project boundaries will be deemed invalid. This measure aims to curb speculative land transactions and ensure that the benefits of the land pooling initiative are directed only to current landowners. The decision is anticipated to limit land trading in the project areas and deter investors from acquiring land solely…

IndustryLatest Stories

Uttar Pradesh Allocates ₹350 Crore for Fire Tenders in 11 Cities

LUCKNOW: The Uttar Pradesh housing department has allocated ₹350 crore for the purchase of advanced fire tenders with hydraulic platforms to enhance firefighting capabilities in high-rise buildings. This move addresses concerns from residents of multi-storey housing societies regarding fire response for upper floors. These funds will be distributed through housing development authorities and provided to the fire department for acquiring modern tenders in 11 rapidly developing cities: Ghaziabad, Lucknow, Agra, Meerut, Kanpur, Gorakhpur, Prayagraj, Varanasi, Bareilly, Moradabad, and Ayodhya. Officials indicate that the aim is to bolster equipment suitable for taller residential developments as urbanization increases across the state. Ghaziabad,…

IndustryLatest Stories

Village circle rates soar along Lucknow expressway corridor

LUCKNOW: The Uttar Pradesh government has revised the circle rates for agricultural and non-agricultural land in various villages of the Lucknow district, especially those near proposed expressways and rapidly developing road networks. The updated valuation list, released by the Lucknow district magistrate and effective from Thursday, is set to influence land transactions, stamp duty collections, and future real estate investments in the area. As per the official notice, circle rates have risen in many villages under the Mohanlalganj, Sarojininagar, Malihabad, Bakshi Ka Talab, and Sadar tehsils. This revision came after soliciting public feedback and suggestions before finalizing the rates. The…

Latest StoriesResidential

Lucknow to Launch Three Residential Schemes in June

LUCKNOW: The Lucknow Development Authority (LDA) is poised to unveil three significant residential projects this month. These initiatives include Naimish Nagar in Bakshi Ka Talab, Varun Vihar on Mohan Road near the Agra Expressway, and Wellness City on Sultanpur Road. They are designed to address the increasing housing needs and support the planned urban development in the state capital. LDA officials report that final preparations for registration, lottery, and allotment are currently underway. Designated officials are overseeing the process, and detailed plans for launching the schemes are being finalized. Once completed, the three projects are expected to offer housing solutions…

Latest StoriesRera

UP-RERA Reports 1.15 Lakh Housing Units in Uttar Pradesh

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) is urging homebuyers and investors to thoroughly check project details and assess their financial capabilities before making real estate investments. The authority cautioned that decisions regarding property purchases should not be driven by advertisements, hearsay, pressure tactics, or claims of sudden price hikes. Currently, over 115,000 residential and commercial units are available in the state’s real estate market, encompassing flats, villas, plots, shops, office spaces, and other commercial properties. The western zone holds the largest portion of available inventory, comprising nearly 55% of the total with more than 60,000 units.…

InfrastructureLatest Stories

UP to create GIS master plans for 93 tier-II towns

LUCKNOW: In an effort to foster organized growth, the state government is developing master plans for tier II towns with populations ranging from 50,000 to 100,000. A total of 93 towns have been selected for inclusion in the initiative, with master plans based on geographical information systems (GIS) to be created. These plans will outline land use and crucial future projects for government agencies and stakeholders interested in these towns. A budget allocation of Rs 45 to 50 crore will be set aside to engage private firms for compiling the master plan. Officials from the housing and urban planning department…

Latest StoriesResidential

Lucknow Development Body Resumes Premium Flat Bookings

LUCKNOW: The Lucknow Development Authority (LDA) has reopened registrations for 394 flats as part of its Aishbagh Square and Park View Apartment housing projects, providing homebuyers with another chance to acquire these premium residential units through a lottery system. Out of the total flats available, 276 can be found at Aishbagh Square on Mill Road in Aishbagh. This project features three-bedroom apartments, complete with servant rooms, and spans nearly 1,900 sq ft, starting at approximately Rs 1.11 crore. At Park View Apartments, situated opposite Rashtra Prerna Sthal in the Basant Kunj scheme, there are 118 flats open for registration. These…

Latest StoriesResidential

Lucknow to Redevelop Indira Nagar Complex for ₹110 Crore

LUCKNOW: The Lucknow Development Authority (LDA) plans to redevelop the aging Kailashkunj Commercial Complex in Indira Nagar, Ayodhya Road, transforming it into a modern mixed-use high-rise with commercial and residential spaces at an estimated cost of ₹110 crore. Spanning 6,046 square meters, the complex currently accommodates around 280 shops but is in a state of disrepair, with many units vacant and encroachments affecting common areas and parking. Officials stated that the existing structure will be demolished to make way for a 13-storey building, standing 45 meters tall. The ground and lower floors will feature retail shops and office spaces, while…

Latest StoriesRera

UP-RERA Directs Banks to Implement New Real Estate Account Norms

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has urged banks and financial institutions to adhere to the updated banking regulations and operational guidelines for accounts related to RERA-registered real estate projects. The authority conducted an awareness meeting with nationalized and scheduled banks at the Bank of Baroda’s regional office in Lucknow to discuss the revised project account directives issued on May 11, 2026. According to the new regulations, each RERA-registered project must maintain three distinct bank accounts: a collection account, a separate account, and a transaction account. At least 70% of the funds collected from homebuyers must…