Tag: Uttar Pradesh

Latest StoriesRegulatory

HC rejects UP govt’s order to cancel builder’s ‘zero-period’ waiver

NOIDA: The Allahabad High Court has overturned a state government order that withdrew a lease rent waiver granted to a realtor under the “zero period” policy. On October 8, Justice Subhash Vidyarthi from the Lucknow bench invalidated the January 9, 2024 directive from the Infrastructure and Industrial Development Commissioner (IIDC). This directive had rescinded the lease rent waiver initially granted to Express Builders and Promoters. This ruling follows two previous decisions where the high court also set aside the same January 2024 order concerning Great Value Projects India (April 23) and Pan Realtors Pvt Ltd (May 29). The court noted…

Latest StoriesRegulatory

I-T Flags Unreported Cash Deals in Bihar, Uttar Pradesh

NEW DELHI: The income tax department is scrutinizing cash transactions exceeding Rs 2 lakh in property deals, especially in Bihar and Uttar Pradesh, particularly in areas adjacent to Nepal. Numerous violations have been identified, and sub-registrars have failed to provide the necessary data. This nationwide initiative, following a Supreme Court directive from April, led tax officials to discover instances where entire transactions were conducted in cash. Tax authorities are baffled by the inaccurate reporting from sub-registrars in Bihar and UP. The department has escalated this issue to senior officials in both states, urging them to instruct sub-registrars to share information…

InfrastructureLatest Stories

Uttar Pradesh panel may reduce YEIDA to 300 villages

NOIDA: The Uttar Pradesh government has established a panel to assess the jurisdiction of YEIDA, which encompasses 1,149 villages from Gautam Budh Nagar to Agra, covering an area of 3.35 lakh hectares—almost three times the combined area of Noida and Greater Noida, which is 1.12 lakh hectares. The committee will consider reducing YEIDA’s scope to approximately 300 villages, aiming to balance long-term planning with immediate developmental requirements while ensuring that residents and investors in areas outside the approved master plans are not stuck awaiting necessary approvals or infrastructure. YEIDA CEO RK Singh commented that the panel’s goal is to create…

IndustryLatest Stories

Uttar Pradesh’s Urban Bodies to Launch New Building Map Approval System

LUCKNOW: Urban local bodies are set to start a process to approve building maps in a bid to generate new revenue streams. Currently, the authority to approve plans lies with housing development agencies in regulated areas. However, areas outside of these regulations, maintained by municipal bodies, lack such mechanisms. Consequently, on the outskirts and in peripheral regions, buildings are constructed haphazardly. This unplanned growth leads to traffic congestion and bottlenecks as these areas develop over time. Officials noted that encroachment on public spaces is common, with property owners often building on land meant to be reserved as setbacks for future…

Latest StoriesRegulatory

SC Finds Tenant in Contempt, Imprisons for Not Vacating

NEW DELHI: On Friday, the Supreme Court found two individuals guilty of contempt for willfully disobeying its order to vacate their rental property in Saharanpur, Uttar Pradesh. The court imposed civil imprisonment on one of the individuals. A bench led by Justices J K Maheshwari and Vijay Bishnoi sentenced the contemnor to three months of civil imprisonment, directing authorities to detain him and transfer him to Tihar Jail. This case arose from an Uttar Pradesh High Court ruling that upheld a directive from the Rent Control Authority for the eviction of the tenants involved. The contemnor was also ordered to…

IndustryLatest Stories

UP Govt Restores Noida Plot to GPL Infrabuild, Extends Waiver

Representative image created by AI NOIDA: The UP government has revoked a 2022 decision by the Noida Authority to cancel the allotment of a plot in Sector 106 to a company, citing delays in handing over possession. Although the lease deed was signed in March 2017, the company could not secure possession or initiate construction due to a high-tension power line and tower that the Authority did not remove until September 2025. In its order, which may have implications for numerous similar disputes in Noida and Greater Noida, the state government emphasized that allotments cannot be canceled when vacant and…

IndustryLatest Stories

Uttar Pradesh Plans 40% Hike in Ghaziabad Property Rates

GHAZIABAD: Anticipated property price hikes in the city may see increases of up to 40% as the district administration prepares to revise rates later this year. Draft estimates suggest residential plot prices could rise by 5-15%. Should this move be approved, the cost for a residential plot at Crossings Republik will increase to Rs 31,000 per square metre from the current Rs 27,000. Flats in multi-storey buildings are projected to become 10-40% more expensive, with steeper increases of 35-40% expected in major townships like Wave City Centre, Aditya World City, and others. In Wave City, flat prices are expected to…

Latest StoriesResidential

UP Government Approves ₹736 Crore for PMAY Urban Housing

LUCKNOW: On Friday, the state government announced its budget for housing projects under the Pradhan Mantri Awas Yojana (PMAY) for the 2025-26 financial year, allocating Rs 736 crore to provide housing for urban poor families across the state. This scheme aims to offer accommodation to underprivileged and economically weaker families, with joint efforts from both central and state governments. Once a family qualifies, grants and subsidies will be provided to assist them financially. Documentation, including geo-tagging and photographs of the home at various construction stages, will be uploaded to claim these benefits. Published On Sep 13, 2025 at 03:07 PM…

Latest StoriesResidential

UP Minister: Noida Flat Registry Can Proceed After NOC

LUCKNOW: Uttar Pradesh Minister Ravindra Jaiswal has stated that delays in property registration in Noida and Greater Noida are due to disputes between builders and local development authorities regarding no-objection certificates (NOCs), clarifying that his department has no involvement in this stalemate. In an interview with PTI in Lucknow, the Minister of State (Independent Charge) for Stamp and Court Fee, Registration, explained that registrations for homebuyers are processed promptly once an NOC is provided by the Noida, Greater Noida, or Yamuna Expressway industrial development authorities. “In Gautam Buddh Nagar, three local development authorities are responsible for allocating land to builders…