More than 90 unfinished realty projects to shut down in UP: UP-RERA

10 Aug 2021 CW Team

Amid the ongoing slowdown in the realty sector, over 90 unfinished realty projects will be shut down in Uttar Pradesh, said officials of the UP Real Estate Regulatory Authority (UP-RERA).

UP-RERA is a quasi-judicial body established in 2017 to safeguard the interest of this sector.

The officials said that the promoters have submitted applications for registration cancelation of their respective realty projects on multiple grounds.

As per the rules, a promoter has to register the realty project with the UP-RERA and get the registration number before launching it. Till now, 31 out of 91 realty projects have been shut down, the officials said.

According to the UP-RERA, promoters of these 91 realty projects had applied for registration between January 2018 and July 2021.

UP-RERA chairman Rajive Kumar said that once a promoter applies to cancel the registration number, they have to adhere to some conditions. If a promoter fulfills all the necessary conditions, then the cancellation of registration proceeds. As of now, 31 promoters have cancelled their registrations, and the remaining projects are pending.

Kumar said that the real estate sector is observing a positive sentiment, and the sales are picking up following the second wave of Covid-19. Out of the total 3,000 registered realty projects, only 91 projects want to cancel their registration. On average,15-20 new projects are being registered in a month, which shows the sector in UP is reviving.

According to the process, after promoters file applications for cancellation, they have to publish the same in newspapers so that the investors or homebuyers of those projects get a chance to file their objection pleas if any. Cancellation proceeds only after issues of buyers are settled amicably, Kumar added.

The regulator said that there are 3,000 registered projects in the state, of which around 60% are in Noida, Greater Noida, Ghaziabad, and the Yamuna Expressway region.

Image Source

Also read: MahaRERA invokes clause to extend registration validity of projects

Also read: RERA implemented in 30 states and UTs with 67k project registrations

Amid the ongoing slowdown in the realty sector, over 90 unfinished realty projects will be shut down in Uttar Pradesh, said officials of the UP Real Estate Regulatory Authority (UP-RERA). UP-RERA is a quasi-judicial body established in 2017 to safeguard the interest of this sector. The officials said that the promoters have submitted applications for registration cancelation of their respective realty projects on multiple grounds. As per the rules, a promoter has to register the realty project with the UP-RERA and get the registration number before launching it. Till now, 31 out of 91 realty projects have been shut down, the officials said. According to the UP-RERA, promoters of these 91 realty projects had applied for registration between January 2018 and July 2021. UP-RERA chairman Rajive Kumar said that once a promoter applies to cancel the registration number, they have to adhere to some conditions. If a promoter fulfills all the necessary conditions, then the cancellation of registration proceeds. As of now, 31 promoters have cancelled their registrations, and the remaining projects are pending. Kumar said that the real estate sector is observing a positive sentiment, and the sales are picking up following the second wave of Covid-19. Out of the total 3,000 registered realty projects, only 91 projects want to cancel their registration. On average,15-20 new projects are being registered in a month, which shows the sector in UP is reviving. According to the process, after promoters file applications for cancellation, they have to publish the same in newspapers so that the investors or homebuyers of those projects get a chance to file their objection pleas if any. Cancellation proceeds only after issues of buyers are settled amicably, Kumar added. The regulator said that there are 3,000 registered projects in the state, of which around 60% are in Noida, Greater Noida, Ghaziabad, and the Yamuna Expressway region. Image Source Also read: MahaRERA invokes clause to extend registration validity of projects Also read: RERA implemented in 30 states and UTs with 67k project registrations

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..

Infrastructure Urban

06 Feb 2026

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..

Infrastructure Urban

06 Feb 2026

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),..