Tag: Uttar Pradesh RERA

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Uttar Pradesh RERA Registers 143 Projects Worth ₹31,952 Crore

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) recorded 143 new real estate projects in the first half of 2026, encompassing a total of 46,049 housing units with an estimated capital investment of ₹31,952 crore. The number of new project registrations increased from 134 during the same period in 2025, with proposed units rising from 35,082. Lucknow led the new project registrations with 37, while Gautam Buddh Nagar (Noida and Greater Noida) topped in terms of capital inflow. Even with fewer projects (27), Gautam Buddh Nagar secured ₹15,678 crore for 13,160 units. Meanwhile, Lucknow attracted ₹3,834 crore for…

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UP-RERA Requires Separate Bank Account for IFMS Deposits

Representative AI image NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has announced amendments to the UP-RERA General Regulations, 2019, establishing guidelines for the collection, management, transfer, and utilization of Interest Free Maintenance Security (IFMS) funds. The 12th amendment has been added under Regulation 47 and will take effect from the date of publication on the authority’s website. According to the updated regulations, promoters must collect IFMS from allottees at the time of registering a sale, lease, or sub-lease deed and deposit the amount in a designated account with a scheduled bank. The funds collected should be invested…

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UP-RERA Issues Refund Guidelines for Excess GST from Homebuyers

GST NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has introduced new guidelines for refunding excess Goods and Services Tax (GST) collected from homebuyers in registered real estate projects. UP-RERA emphasized that GST for all registered projects should be collected in accordance with the rates set by the central government. Earlier, on January 8, 2025, UP-RERA had issued an order informing registered promoters and real estate agents about the applicable GST rates. However, concerns were raised that some allottees were charged GST rates above the prescribed ones. To address this, the State Tax Department has implemented an online…

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Haryana, UP RERA Approve ₹35,000 Crore in Real Estate Projects

NEW DELHI: The real estate regulatory authorities in Haryana and Uttar Pradesh have approved projects worth over ₹35,000 crore. The Gurugram bench of Haryana RERA sanctioned 51 real estate projects between January and June 2026, totaling nearly $4 billion in investment. Notably, 11 of these projects represent a combined investment of around ₹25,000 crore. The 51 approved projects consist of 16,727 units, which include 15,403 residential units, 1,084 commercial units, and 240 industrial units. The authority highlighted that these approvals indicate ongoing interest from developers and investors in the Gurugram real estate sector, which attracted nearly ₹87,000 crore across 131…

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UP RERA Sends Notices to 76 Projects for Missing Audit Reports

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has issued show-cause notices to the promoters of 76 projects for failing to upload the annual audit reports for FY2024-25 on its web portal. The authority has instructed these promoters to submit the required audit reports within 15 days, along with the applicable late fee. Non-compliance could result in penalties of up to 5% of the project’s estimated cost, according to UP RERA’s statement. As mandated by RERA provisions, promoters must have their project accounts audited annually and upload the reports to the authority’s website within six months of…

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UP-RERA Mandates Quarterly Reporting for Real Estate Agents

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has mandated quarterly transaction reporting for registered real estate agents and has revised the financial reporting formats for promoters. The authority has announced the 11th amendment to the Uttar Pradesh Real Estate Regulatory Authority (General) Regulations, 2019, implementing new record-keeping and disclosure mandates for real estate agents. According to the new regulations, all registered real estate agents are required to upload transaction details facilitated during a quarter on the authority’s website within 15 days after each quarter ends. Agents must also provide information about their employees. Failure to submit quarterly…

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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…

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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.…

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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…

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UP-RERA Approves 13 Projects Worth ₹3,052 Crore for Buyers

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has approved 13 real estate projects, cumulatively estimated at ₹3,052.73 crore, across eight districts in the state. The projects, approved during the authority’s 202nd meeting, will include a total of 4,772 residential and commercial units. Notably, Ghaziabad received the highest number of approvals, with four projects amounting to ₹1,936.72 crore. This includes three commercial developments and one residential project, totaling 2,199 units. In Gautam Buddh Nagar, one commercial project was approved with an estimated investment of ₹420.50 crore, which will consist of 855 commercial units. Agra saw the approval of…