15 Builders Embrace UP Government's Rehabilitation Package

01 Mar 2024 CW Team

In a notable development, fifteen more builders have decided to participate in the rehabilitation package offered by the Uttar Pradesh government. This signifies an increasing number of real estate developers acknowledging and opting for the state's initiative designed to tackle issues prevalent in the sector.

The rehabilitation package, introduced by the Uttar Pradesh government, aims to provide a viable solution to challenges faced by builders and developers in completing stalled projects. The growing participation of builders underscores the effectiveness and acceptance of the government's efforts to revitalise the real estate landscape in the state.

Builders opting for the rehabilitation package are expected to benefit from various measures aimed at facilitating the completion of stalled projects, thereby safeguarding the interests of homebuyers and bolstering confidence in the real estate market.

As more builders embrace the rehabilitation package, it reflects a positive response to the state's proactive measures to address issues within the real estate sector. The collaborative approach between the government and builders is indicative of a collective effort to overcome challenges and rejuvenate the real estate market in Uttar Pradesh.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..