No valid registration of over 100 realty projects: UP-RERA

14 Jul 2021 CW Team

According to the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA), over a hundred real estate projects in Noida, Greater Noida, and Ghaziabad are currently operating without sanctioned maps or registrations.

Lakhs of homebuyers have lost their life savings as a result of these projects.

These developers are caught in a Catch-22 situation because they lack the funds to pay their dues to the relevant industrial authority, which means their plans are not being reviewed regularly. Officials said that because the plans have not been reviewed and stamped by the relevant authority, the UP-RERA is not renewing their registrations, which prevents them from obtaining loans to help them settle the government debt.

If RERA is to be believed many builders may be on the verge of a major financial deficit, with immediate revival appearing to be out of reach. RERA officials said that these builders have impacted tens of thousands of buyers.

Cash flow has always been a problem in the industry, according to RK Arora, president of the builders' association Naredco-UP. During the pandemic, it has gotten worse. The contractors are unable to manage their financial obligations. They have made numerous requests for the government to intervene to assist cash-strapped developers.

Kumar said that builders already have a one-year extension on registration validity, and the UP-RERA has added a six-month extension for all under-construction projects starting in March 2021.

Image Source

Also read: UP National Lok Adalat: UP RERA disposes 79 cases

Also read: UP RERA imposes Rs 2.5 cr penalty on developers

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..