UP-RERA Chairman Calls For Transparency To Sustain Fund Inflows

17 Jul 2026 CW Team

He called on all stakeholders in the sector to ensure sustained growth through transparent practices and said the real estate sector contributes eight to nine per cent to the country's gross domestic product and supports more than 125 ancillary industries. Continued investment flows were described as essential for project development, and the authority was said to play an important role in boosting investor confidence and ensuring funds are channelled into completed projects.

Focusing on Uttar Pradesh, Bhoosreddy noted that as many as 308 projects were registered under RERA during 2025 and that the average project size was 333 units. He observed that the large scale of those developments contributes to Uttar Pradesh accounting for around 40 per cent of total consumer complaints received under RERA nationwide. He expressed concern at the sharp rise in housing prices since 2023 and stressed the importance of increasing the supply of affordable homes.

Other regulators at the conference also outlined priorities. Anand Kumar, chairman of the Delhi Real Estate Regulatory Authority (Delhi-RERA), advocated stronger powers for authorities to execute orders. Parneet Singh Sachdev, chairman of the Haryana Real Estate Regulatory Authority, Panchkula (HRERA-Panchkula), explained that artificial intelligence is being used to monitor project progress and the utilisation of customer funds. Rakesh Goyal, chairman of RERA-Punjab, said consumer complaints in his state are low and urged developers to complete projects promptly while treating customer funds as held in trust. The account is based on PTI reporting.

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Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) Chairman Sanjay R Bhoosreddy has urged complete transparency in the Indian real estate market to attract the investments needed to carry out development works. He said the authority is intended to regulate rather than to control and that its role is to balance the interests of homebuyers and promoters. Bhoosreddy noted that urbanisation is accelerating, creating substantial demand for residential and commercial properties. He called on all stakeholders in the sector to ensure sustained growth through transparent practices and said the real estate sector contributes eight to nine per cent to the country's gross domestic product and supports more than 125 ancillary industries. Continued investment flows were described as essential for project development, and the authority was said to play an important role in boosting investor confidence and ensuring funds are channelled into completed projects. Focusing on Uttar Pradesh, Bhoosreddy noted that as many as 308 projects were registered under RERA during 2025 and that the average project size was 333 units. He observed that the large scale of those developments contributes to Uttar Pradesh accounting for around 40 per cent of total consumer complaints received under RERA nationwide. He expressed concern at the sharp rise in housing prices since 2023 and stressed the importance of increasing the supply of affordable homes. Other regulators at the conference also outlined priorities. Anand Kumar, chairman of the Delhi Real Estate Regulatory Authority (Delhi-RERA), advocated stronger powers for authorities to execute orders. Parneet Singh Sachdev, chairman of the Haryana Real Estate Regulatory Authority, Panchkula (HRERA-Panchkula), explained that artificial intelligence is being used to monitor project progress and the utilisation of customer funds. Rakesh Goyal, chairman of RERA-Punjab, said consumer complaints in his state are low and urged developers to complete projects promptly while treating customer funds as held in trust. The account is based on PTI reporting.

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