UP RERA: 10% payment request follows sale agreement

10 Jan 2024 CW Team

The Real Estate Regulatory Authority (RERA) has issued a crucial directive, emphasising that the execution of a sale agreement must precede any demand for over 10% of the unit cost. This move aims to fortify buyer protection measures in real estate transactions.

According to RERA guidelines, developers are now required to finalise the sale agreement before requesting payment exceeding 10% of the total unit cost from homebuyers. This regulation aims to instill transparency and accountability in real estate transactions, ensuring that buyers have legal documentation in place before making substantial payments.

The decision aligns with RERA's overarching goal of safeguarding the interests of homebuyers and promoting fair practices within the real estate sector. By making the sale agreement a prerequisite for demanding significant payments, RERA aims to prevent potential disputes and enhance the overall reliability of property transactions.

This regulatory step is anticipated to streamline the real estate process, providing buyers with a clear framework and legal protection. The emphasis on proper documentation is a positive stride towards a more secure and accountable real estate environment, fostering trust between developers and homebuyers.

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..