Tag: Uttar Pradesh

Latest StoriesResidential

Uttar Pradesh: 1.3 Million Homes Approved for Poor in 3 Years

LUCKNOW: Over 1.3 million homes have been granted approval in Uttar Pradesh for the underprivileged, including the poor and destitute, as revealed by Rural Development Minister Vijay Laxmi Gautam in the state Assembly on Tuesday. This announcement came during the Question Hour on the second day of the Monsoon Session in response to a question posed by Samajwadi Party member Arman Khan. Gautam stated that from 2022-23 to 2024-25, a total of 1,044,876 homes were sanctioned under the Pradhan Mantri Awas Yojana, alongside 262,594 homes approved under the Mukhyamantri Awas Yojana. Additionally, she mentioned that a survey encompassing 57.73 lakh…

Latest StoriesResidential

Uttar Pradesh: 1% Stamp Duty Relief for Women Buyers on Homes Up to ₹1 Crore

NOIDA: Women buying properties or land worth up to Rs 1 crore will now receive a 1% stamp duty waiver, following a recent update from the UP cabinet that raised the property cap for the discount from Rs 10 lakh. In Noida and Ghaziabad, stamp duty ranges from 6-7% of the total flat cost, plus an additional 1% processing fee for registration. The updated limit, effective from July 29, allows women to save up to Rs 1 lakh during property registration. Brijesh Kumar from the AIG-2 (stamp department) informed TOI that approximately 30% of properties registered monthly in Noida are…

Latest StoriesResidential

Uttar Pradesh Receives ₹12,031 Crore for PMAY-Urban 2.0

LUCKNOW: The Uttar Pradesh government has received financial approval of ₹12,031 crore under the Pradhan Mantri Awas Yojana (Urban) Mission 2.0, significantly advancing the goal of ‘Housing for All’ by providing pucca homes to the urban poor, according to an official statement released on Saturday. Chief Minister Yogi Adityanath has instructed officials to prioritize transparency and construction quality, noted the statement. As part of the initiative, geo-tagging and photographic recording of each house will become mandatory under PMAY (Urban) to facilitate real-time monitoring throughout the construction process. Additionally, all houses will feature disaster-resilient characteristics to protect against earthquakes, floods, and…

Latest StoriesResidential

UP Cabinet Boosts Women: 1% Stamp Duty Discount on Property

LUCKNOW: The Uttar Pradesh Cabinet has approved a 1% discount in stamp duty for properties valued up to Rs 1 crore when registered in a woman’s name. This decision was made during a Cabinet meeting led by Chief Minister Yogi Adityanath at Lok Bhavan, as stated by the UP government. A total of 37 proposals were approved during this session. Previously, this exemption was limited to properties worth up to Rs 10 lakh, with a maximum discount of Rs 10,000. The government has now expanded this exemption to include properties valued up to Rs 1 crore. Labour Minister Anil Rajbhar…

Latest StoriesRegulatory

Uttar Pradesh Minister: 380 Registration Offices to Get Own Buildings

VARANASI: On Saturday, UP Minister Ravindra Jaiswal announced plans to construct dedicated buildings for all 380 registration offices in the state, equipped with world-class amenities. This was revealed during the inauguration of eight registration office buildings with an investment of Rs 18.56 crore. The minister also remotely inaugurated a new sub-registrar office in Sagri, Azamgarh district, and laid foundation stones for several offices in Chandauli, Shravasti, Jay Singhpur, Maholi, Ramsanehighat, Lambhua, Sawayajpur, and again in Shravasti. “Under the guidance of Prime Minister Narendra Modi and Chief Minister Yogi Adityanath, the initiative to operate all registration offices in their own buildings…

Latest StoriesRegulatory

Uttar Pradesh Urban Bodies Start House Tax Recovery Drive

LUCKNOW: In a significant initiative, urban local bodies across the state have commenced efforts to recover outstanding house taxes from property owners. This special drive, which started on July 15, will continue until July 31, during which notices and bills will be sent to those who have yet to settle their dues. In 17 major cities managed by municipal corporations in Uttar Pradesh, over 5.5 million properties will be targeted. These cities generate a large portion of the state’s revenue, which comes from a total of 762 urban local bodies. Additionally, it is estimated that the remaining 199 municipal councils…

IndustryLatest Stories

U.P. Grants 14-Year Waiver for Sunworld City Township

Representative image created by AI NOIDA: The Uttar Pradesh government has instructed the Yamuna Expressway Industrial Development Authority (YEIDA) to provide a 14-year ‘zero period’ waiver for Sunworld City’s stalled township project in Sector 22D. This decision follows revelations that approximately 20 acres allocated for the development were never acquired when YEIDA transferred the land to the developer in 2011. The state’s industrial development department, which reviewed a petition from Sunworld City Pvt Ltd, directed YEIDA to waive not just the penal interest but also the extension charges and related dues for the 20 acres from 2011 to the present.…

IndustryLatest Stories

Noida, Greater Noida & YEIDA: Uttar Pradesh’s Crown Jewels, Minister Says

AI-generated Representative Image NOIDA: During a recent visit, Industrial Development Minister Nand Gopal Gupta ‘Nandi’ referred to the Noida, Greater Noida, and Yamuna Authority (YEIDA) regions as “the crown jewels of Uttar Pradesh,” mirroring the status of Kashmir for India. He emphasized that enhancing industry and investment is “our government’s top priority.” With the establishment of new units, the minister believes employment opportunities will grow, aiding Uttar Pradesh in its quest to become a top-performing state. To ensure timely project completion, Nandi urged senior officials of the Noida Authority to work on expanding the land bank and improve collaboration with…

IndustryLatest Stories

UP Cabinet to Announce Revised Bylaws for Vertical Development

LUCKNOW: The state government is set to announce revised building bylaws designed to facilitate swift urbanization and bolster economic activities, promoting vertical development. Sources indicate that the housing department has submitted its final proposal to the government, which is anticipated to be discussed in the upcoming cabinet meeting. The updated rules will enable property owners to optimize use of available land space. Officials report that over 1,000 objections and suggestions were reviewed, with some affecting the final draft. The state has amended the building construction and development bylaws since their establishment in 2008, aiming to align with stakeholder expectations. As…

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…