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 Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..