Tag: Uttar Pradesh RERA

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UP-RERA warns buyers on ‘assured returns’ schemes, ads

Representative AI image NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has issued a public advisory to homebuyers, cautioning them against deceptive promotional schemes such as “assured returns” and “fixed rental income before possession.” The authority stated that these offers lack legal validity. UP-RERA noted that many developers continue to promote schemes like subvention plans, pre-EMI payments until possession, buyback guarantees, and lease assurance models to lure buyers. Some developers also use flashy offers like free cars, gold coins, and international trips. Sanjay Bhoosreddy, chairman of UP-RERA, stated, “Homebuyers should be wary of promotional schemes like assured returns…

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UP-RERA Revises Rules: Complaints in Unregistered Projects Allowed

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has announced the 10th amendment to its General Regulations, 2019. The amendments, which are effective from March 25, 2026, were made under Section 85 of the Real Estate (Regulation and Development) Act, 2016. Significant revisions have been introduced in Regulations 24 and 47 to address the ongoing issues faced by homebuyers, especially concerning unregistered projects and transfer charges. Sanjay Bhoosreddy, chairman of UP-RERA, stated, “These new provisions aim to enhance the transparency, efficiency, and consumer-friendliness of the grievance redressal process.” A key change in the amended Regulation 24 allows allottees…

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UP-RERA to Open QPR Filing Window April 1-15, Warns of Penalties

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) will open its portal from April 1 to April 15, 2026, for promoters to upload their quarterly progress reports (QPRs) for the quarter ending March 31, 2026. The authority has instructed all developers of registered projects to update their project details within this specified timeframe, warning that non-compliance may result in regulatory actions. UP-RERA emphasized that the submission of QPRs is required under section 11(1) of the Real Estate (Regulation and Development) Act, 2016. This process is crucial for ensuring transparency and accountability within the sector. The reports provide information…

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UP-RERA fines three projects ₹5 lakh for unregistered promotions

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has fined three projects ₹5 lakh each for marketing and selling units without the required registration, breaching the Real Estate (Regulation and Development) Act, 2016. During its 198th meeting, UP-RERA discovered that ‘Estate 105’ (Max Estate), ‘Sobha Rivana’ (Sobha) in Noida, and ‘Avikalp Estate’ (Dhanushkothi Builder & Developer) in Lucknow were being promoted or sold without obtaining the necessary RERA registration. UP-RERA noted that these projects were advertised on digital platforms, and in one instance, units were sold prior to registration, violating section 3 of the Act, which mandates registration…

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UP-RERA fines Lucknow builders ₹2.43 crore for QPR delays

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has levied a fine of ₹2.43 crore on two Lucknow-based promoters for their repeated failure to upload mandatory quarterly progress reports (QPR) of their registered projects on the authority’s web portal. In one instance, promoter Shushil Kumar Katiyar of the Arpita Infinity project has faced penalties. This project, registered with a start date of July 10, 2024, and an expected completion by January 31, 2027, did not adhere to uploading the necessary progress reports despite receiving multiple notices from UP-RERA. Consequently, the authority sanctioned a fine of ₹16.25 lakh, which…

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Realty Investment Hits ₹69,000 Crore in UP, Up 53%: RERA Chief

NEW DELHI: The real estate sector in Uttar Pradesh has experienced a remarkable 53% increase in investments, soaring to ₹69,000 crore in 2025, as reported by UP RERA Chairman Sanjay R Bhoosreddy on Tuesday. Bhoosreddy attributed this growth to the state’s investor-friendly policies, which also led to a noticeable uptick in RERA applications for new projects during the ICC Real Estate Summit 2026 in the national capital. “Investment in the real estate sector was ₹29,000 crore in 2023, driven primarily by real estate promoters. This figure rose to ₹45,000 crore in 2024 and has further increased to ₹69,000 crore this…

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Homebuyers of 129 Projects Should Contact IRPs, Not UP-RERA

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has released a public advisory following the admission of 129 real estate projects from 14 developers into the Corporate Insolvency Resolution Process (CIRP) at the National Company Law Tribunal (NCLT) from January 2024 to the present. As insolvency proceedings commence, UP-RERA has instructed affected homebuyers to submit their claims exclusively to the appointed Insolvency Resolution Professionals (IRPs) for each project, as per the guidelines of the Insolvency and Bankruptcy Code (IBC). RERA jurisdiction suspended during moratorium UP-RERA stated that once a project enters the CIRP, a moratorium under section 14…

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Uttar Pradesh RERA Lifts 22 Projects from ‘Abeyance’ Status

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has de-listed 22 projects from the ‘abeyance list’ across seven districts, allowing construction work to resume. A total of 8,856 units—including flats, plots, and commercial units—will be built under these projects, representing a significant advancement in reviving long-stalled developments. Since the implementation of RERA, numerous projects were flagged for not having the required documents submitted at registration. After comprehensive evaluations, the authority issued notices to the promoters. In July 2024, it was determined that about 400 projects with incomplete documentation would be classified under ‘abeyance.’ Sanjay R. Bhoosreddy, chairman of…

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Allahabad HC: YEIDA to pay penalty to 150 plot allottees

NOIDA: The Allahabad High Court’s Lucknow bench has resolved nearly 150 RERA appeals from the Yamuna Expressway Industrial Development Authority (YEIDA) concerning allottees from its inaugural residential plot scheme in 2009, which includes about 21,000 plots in Greater Noida’s Sectors 18 and 20. The court supported the allottees, mandating YEIDA to pay outstanding dues along with interest for delays, while denying the authority’s request for a refund of pre-deposited amounts. The original residential plot schemes were initiated adjacent to the Yamuna Expressway. However, allottees faced development delays due to farmers’ protests and legal disputes over land acquisition. Further delays arose…

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UP RERA Approves 8 Real Estate Projects Worth ₹1,948 Crore

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has granted approval for eight new real estate projects, with a total investment of ₹1,948 crore. Sanjay Bhoosreddy, chairperson of UP-RERA, stated, “The investment of ₹1,948 crore and the approval of over 3,000 new units represent a major step towards the state’s economic growth and housing development.” These initiatives will collectively generate 3,005 new residential and commercial units, including flats, apartments, villas, plots, shops, and various commercial spaces. Among these projects, three are based in Lucknow, with the remaining ones located in Prayagraj, Agra, Jhansi, Noida, and Firozabad. Published On…