Tag: UP-RERA

Latest StoriesRera

UP-RERA Holds Weekly ‘Samvaad’ for Homebuyer Grievances

Representative image created by AI NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) hosted its weekly ‘RERA Samvaad’, a virtual interaction designed to address homebuyers’ concerns and provide guidance on legal remedies. The session, led by Sanjay Bhoosreddy, chairman of UP-RERA, saw participation from 24 pre-registered homebuyers. Participants from locations including Dubai, NCR, Ranchi, and Prayagraj raised concerns primarily about delays in apartment possession, where developers had failed to deliver despite significant payments. Officials outlined the available legal options, such as filing complaints with RERA, taking action against non-compliant developers, and utilizing online platforms for grievance resolution. UP-RERA’s…

Latest StoriesResidential

Ghaziabad to Address Buyers’ Complaints Monthly

GHAZIABAD: The Ghaziabad Development Authority (GDA) has initiated the ‘Rera Samadhan Diwas’ to address complaints against it under UP Rera. This monthly event will take place on the third Thursday of each month. “As a development authority, the GDA is responsible for creating townships, including Madhuban Bapudham. It is accountable to home buyers investing in its housing schemes, similar to private developers. Hence, home buyers can approach the regulatory authority for any issues with the GDA,” a GDA official explained to TOI. The official continued, “Since UP Rera’s inception, many cases have been filed against GDA, leading to adverse orders,…

Latest StoriesResidential

Greater Noida Authority Lets Buyers’ Group Complete Sampada Livia

NOIDA: The Greater Noida Industrial Development Authority (GNIDA) board has given in-principle approval to prolong map validity and grant permission to mortgage (PTM) to the SLB Welfare Association. This buyers’ group is now steering the long-delayed Sampada Livia housing project in Sector Chi-5, which has been stalled for a decade. This decision, made under the Legacy Stalled Real Estate Projects Policy introduced by the UP government in December 2023, offers crucial institutional support to a homebuyers’ association struggling with legal, financial, and regulatory challenges to complete their homes. It will allow financial institutions to provide loans to buyers and help…

Latest StoriesRera

₹128 Crore Returned to 350+ Homebuyers in 2023: UP-RERA

LUCKNOW: The Uttar Pradesh Real Estate Regulatory Authority (UP Rera) has reported recovering Rs 128 crore from promoters who failed to complete their housing projects, depositing this sum into the bank accounts of approximately 376 homebuyers this calendar year. With this, UP Rera has transferred a total of Rs 1,360 crore to around 5,500 homebuyers who had not received possession of their homes. “We have issued over 12,900 recovery certificates (RCs) valued at Rs 3,900 crore, primarily in the National Capital Region (NCR). We guarantee every complainant (homebuyer) who has contacted Rera that justice will be served. They will either…