Tag: Lucknow

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UP Approves Policy to Redevelop Buildings Over 25 Years Old

GHAZIABAD: On February 10, the Uttar Pradesh government announced the Urban Redevelopment Policy, 2026, introducing a comprehensive framework for redeveloping unsafe and dilapidated buildings that contribute to “urban decay” and pose risks to residents statewide. The policy allows for the redevelopment of both public and private housing projects that are at least 25 years old and cover a minimum of 1,500 square meters, contingent on a mandatory structural audit. Additionally, defunct industrial units shuttered for over three years and declared bankrupt by the National Company Law Tribunal, without any ongoing legal disputes, are also eligible. Government agencies will oversee the…

Latest StoriesRegulatory

Accused in Shine City Fraud Case Arrested in Lucknow

LUCKNOW: On Monday, the Economic Offences Wing (EOW) arrested a key suspect in the multi-crore Shine City Infra Project Private Limited fraud case. The suspect, Nekpal Singh, also known as Nikki, was detained by the EOW team in the Krishna Nagar area of Lucknow. According to the EOW, Shine City Infra Project Private Limited allegedly defrauded investors across multiple districts in Uttar Pradesh by promoting low-cost residential plots and other attractive offers. The firm collected significant sums from the public without delivering the promised plots or refunding the investments. After the alleged scheme came to light, the company’s directors and…

Latest StoriesResidential

UP CM Implements OTS Scheme for Housing Allotment Cases

File Photo LUCKNOW: Chief Minister Yogi Adityanath emphasized the need for a solution-oriented approach to resolve longstanding disputes during a meeting on Wednesday, directing the swift execution of the new One Time Settlement (OTS-2026) scheme aimed at efficiently addressing pending residential and commercial allotments. During the review of housing agencies’ performance, the CM urged senior officials to adopt a flexible approach to legacy issues. Highlighting the significance of one-time settlement schemes, Yogi instructed officials to expedite the allotment of residential units and commercial land that were previously unavailable due to defaults or disputes. The housing board (Avas Vikas Parishad) recently…

IndustryLatest Stories

Uttar Pradesh Housing Board Raises ₹1,000 Crore via New Scheme

LUCKNOW: The housing board has generated an impressive revenue of ₹1,000 crore through its first-come-first-served scheme, launched in October last year. This initiative aims to sell off old units that had remained unsold for various reasons, officially beginning on October 31. The Uttar Pradesh Awas Vikas Parishad compiled a list of unsold properties statewide. Information about the flats, including their coordinates, photographs, and addresses, is available on a centralized portal managed by the department. Housing Commissioner Balkar Singh mentioned that 2,141 flats have been booked by buyers so far, adding that “the scheme is effective until March 31.” To make…

Latest StoriesRegulatory

EOW Arrests HR Officer of Shine City in Lucknow

LUCKNOW: The Economic Offences Wing (EOW) arrested a woman on Monday in relation to the Shine City real estate scam, which allegedly defrauded investors of crores of rupees across multiple districts in Uttar Pradesh. According to an EOW press release, the accused has been identified as Preeti Singh from Jankipuram. She was employed as a human resources officer at Shine City’s office in Vibhuti Khand, Gomtinagar, and acted as an authorized signatory for buyers’ agreements on behalf of the Shine City Group. Shine City Infra Project Pvt Ltd reportedly attracted investors with offers of low-cost residential plots and appealing investment…

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Housing Dept Approved to Launch UP Redevelopment Plan

LUCKNOW: The state government has approved the housing department to proceed with the UP redevelopment policy. This initiative is designed to unlock key land parcels in urban areas, providing a framework for housing development authorities to process applications from private entities interested in redeveloping properties. Officials noted that numerous houses and buildings in prime locations remain underutilized due to factors like disputes, poverty, resource shortages, and decay. In many instances, tenants are left residing in dilapidated structures that urgently need repairs and upgrades. Private developers will have the opportunity to consult with stakeholders engaged in the redevelopment process to collaboratively…

Latest StoriesResidential

Aadhaar-Based Property Registration in UP Starts Feb 1

LUCKNOW: On Thursday, the state cabinet approved a proposal for an Aadhaar-based authentication system for property registration. Officials stated this initiative will combat land scams associated with fake registrations. State minister Ravindra Jaiswal mentioned that the decision was made during a review meeting led by Chief Minister Yogi Adityanath on August 28 of the previous year, with the new system set to launch in all sub-registrar offices starting February 1. Through a notification dated August 2, 2024, the UP Online Document Registration Rules, 2024 will be implemented. This will enable the electronic verification of Aadhaar holders using e-KYC, biometric authentication,…

Latest StoriesResidential

Lucknow body unveils 27-storey luxury project in Aishbagh

LUCKNOW: Following the announcement of Narmada Apartment in Gomtinagar, the Lucknow Development Authority (LDA) has authorized the construction of an additional 27-storey luxury apartment complex at Aishbagh, located on Mill Road. The new building will comprise 384 flats equipped with upscale amenities. Named Aishbagh Square, the project is designed with four towers, each standing 27 storeys tall, offering 3-BHK apartments with a study, measuring approximately 1,900 sqft. Prices will start at Rs 1.11 crore. The LDA Vice-Chairman, Prathamesh Kumar, has given the go-ahead for the project. Registration for the flats will be open from January 29 to February 28, exclusively…

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Uttar Pradesh Housing Panel Launches Phase Two of Rule Easing

LUCKNOW: On Tuesday, the UP housing department established a six-member committee, chaired by the housing secretary, to initiate the second phase of the compliance reduction and deregulation process. This committee will consist of vice-chairmen from Lucknow, Varanasi, and Ghaziabad, along with the state’s chief town planner and Awas Bandhu’s director. After securing the top position in the first phase of the deregulation initiative nationwide, the UP government has tasked key departments with identifying bottlenecks causing delays in processing applications from individuals and private entities. “We will assess all our services to enhance the working environment for all stakeholders. Our primary…

Latest StoriesRera

UP-RERA Delivers ₹2,040 Crore Relief, Resolves 11,300 Cases in 2025

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has successfully delivered ₹2,040 crore in relief to homebuyers through recovery actions, mutual settlements, and conciliation processes, addressing over 11,300 long-standing cases involving properties worth ₹5,920 crore by the end of 2025. A significant volume of complaints was submitted to UP-RERA benches under Section 31 of the RERA Act, mainly concerning delayed possession, refunds, and interest claims. Following hearings, recovery certificates (RCs) were issued against defaulting promoters, allowing district administrations to commence recovery procedures. Out of 6,018 RCs issued, ₹1,505 crore was recovered via legal enforcement and directly credited to…