Tag: Uttar Pradesh RERA

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Uttar Pradesh RERA Files FIR Against A.S.G.I. Properties

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has filed a first information report (FIR) against A.S.G.I. Properties at the Greater Noida Police Commissionerate, following serious fraud and forgery allegations. The case has been registered under various sections of the Bharatiya Nyaya Sanhita (BNS) law, specifically sections 318(4), 338, and 336(3). Complaints received by UP-RERA indicate that the promoter misled allottees and banks regarding the Apple Tower S-2A & S-2B project by submitting a fraudulent order to secure loans. Investigations revealed that no such order was ever issued by UP-RERA. Although a meeting was held on February 24,…

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Uttar Pradesh RERA Takes Action Against Several Builders

NEW DELHI: In response to numerous complaints from homebuyers, the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has initiated strict measures against various promoters and has directed multiple cases to be presented before the Authority for penalties under the Real Estate (Regulation and Development) Act. UP-RERA stated that these actions are aimed at reducing violations and enhancing buyer trust and transparency in home purchases. The bench referenced provisions including Section 13 (prohibiting the collection of more than 10% advance without a registered sale agreement), Section 61 (allowing for penalties of up to 5% of estimated project cost for violations of…

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Uttar Pradesh RERA Greenlights 21 Projects Worth ₹7,035 Crore

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) convened at its Lucknow headquarters to review and approve 21 new real estate projects across the state. Sanjay Bhoosreddy, chairperson of UP-RERA, emphasized, “Our rigorous approval process ensures all projects adhere to regulations, safeguarding homebuyer interests and bolstering investor confidence.” These newly approved projects entail an estimated investment of ₹7,035 crore, collectively providing 10,866 units that include residential apartments, villas, flats, plotted developments, and commercial spaces such as shops. Published On Sep 28, 2025 at 12:00 PM IST Join a community of over 2 million industry professionals. Subscribe to our…

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Buyers Await RERA Action on Delayed Uttar Pradesh Project

LUCKNOW: The Palacio Imperial White Buyers Association submitted a formal complaint in June 2025 but is still awaiting the first hearing from Uttar Pradesh RERA, raising issues about regulatory delays and inaction. The association invoked Section 7 of the Real Estate (Regulation and Development) Act, 2016, requesting the transfer of the stalled Palacio Imperial White project (UPRERAPRJ13910) from Tulsiani Infraventure Private Limited due to the developer’s prolonged failure to complete the development. Association president, Manoj Kumar Bhagat, expressed his disappointment and emphasized the urgency for intervention to protect the legal and financial interests of homebuyers. “The builder promised to finish…

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UP-RERA Resolves 50,000+ Complaints, Tops Grievance Redressal

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has successfully resolved 50,812 consumer complaints to date, which represents nearly 40% of all real estate grievances addressed nationwide. Since its establishment, UP-RERA has received 58,545 complaints under Section 31 of the RERA Act, accounting for 39% of the national total. With a disposal rate of 85.2%, the authority has become the primary platform for homebuyers seeking resolutions for issues related to possession delays, refunds, and interest payments. Sanjay Bhoosreddy, chairman of UP-RERA, stated that the disposal rate reflects the regulator’s commitment to timely justice and the accountability of promoters.…

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Over 200 Projects Registered with UP-RERA in Early 2025

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has seen the registration of 208 projects from January to August 2025. In comparison, 259 projects were registered in 2024, with Lucknow and Gautambuddha Nagar leading in project registrations. Sanjay Bhoosreddy, the chairman of UP-RERA, stated, “Our commitment at UP-RERA is to safeguard consumer interests while fostering trust and transparency in the real estate market. The rise in project registrations indicates positive investor sentiment, proactive policies by the state government, and enhanced infrastructure in both metropolitan and tier-II cities.” Enhanced monitoring by RERA has resulted in timely project completions, increased…

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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…

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U.P. RERA Recovers ₹1,410 Crore for Homebuyers

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has successfully recovered ₹1,410 crore from 5,700 recovery certificates to date. Of this, ₹861 crore has been collected in 3,053 cases from August 2023 to July 15, 2025, representing a significant 61% of the total recoveries made thus far. Recovery momentum continues to rise, as demonstrated by ₹380 crore recovered in 2023 and ₹463 crore in 2024. Between January 1, 2025, and July 15, 2025, ₹251 crore was recovered across 955 certificates, compared to ₹244 crore during the same period in 2024. Sanjay Bhoosreddy, chairman of UP-RERA, remarked, “This upward…

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Sobha to Invest ₹800 Cr in Greater Noida Residential Project

Representative Image NEW DELHI: Bengaluru-based Sobha is set to invest ₹800 crore in its inaugural residential project, Sobha Aurum, located in Greater Noida. The project has gained approval from Uttar Pradesh RERA and will be established in Sector 36. Spread across 3.46 acres, the development offers a total potential of approximately 9.3 lakh sq ft. It includes two towers with 420 residential units in various configurations: 1, 2, 3, and 4 BHK. Unit sizes range from 739 sq ft for the 1BHKs to over 2,300 sq ft for the 4BHKs. Project details indicate prices starting at ₹1.12 crore for 1BHK…