UP-RERA Mandates Timely Project Audits for Financial Transparency

14 Dec 2023 CW Team

The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has issued a directive mandating builders to conduct audits of their project accounts within six months of the financial year-end. This move aims to enhance transparency and financial accountability in the real estate sector. The regulatory authority's decision underscores its commitment to safeguarding the interests of homebuyers by ensuring that developers adhere to stringent financial practices. The audit requirement serves as a crucial step in monitoring and regulating the financial aspects of real estate projects, providing stakeholders with a clearer understanding of the fund utilization and financial health of developments. Builders are now obligated to undergo a comprehensive audit process promptly after the conclusion of each financial year, aligning with UP-RERA's efforts to foster a robust and trustworthy real estate ecosystem.

Infrastructure Transport

30 Oct 2025

RVNL wins North Eastern Railway bridge project worth Rs 1.66 billion

Rail Vikas Nigam Limited (RVNL) announced on 27 October that it has emerged as the lowest bidder (L1) for a significant infrastructure project awarded by the North Eastern Railway, as part of its routine business operations. The project involves the construction of the substructure for Important Bridge No. 50, which will comprise 14 spans of 61 metres each. It will feature a Double D-type well foundation designed for a double line and adhere to the RDSO 25T axle loading standard. The bridge will be built over the river Gandak, situated between Paniyahwa and Valmikinagar stations, as part of ..

Northern Railways plans direct Kashmir link with India

Following the successful launch of twin Vande Bharat trains on the Srinagar–Katra route, marking the completion of the Udhampur–Srinagar–Baramulla rail link in June, Northern Railways is now working towards providing direct rail connectivity between Kashmir and the rest of the country, an official has confirmed. Senior Divisional Commercial Manager of the Jammu Division, Uchit Singhal, said that efforts are underway to resolve operational and security challenges to achieve this milestone for Jammu and Kashmir. Speaking to PTI after introducing a two-minute stoppage for the semi-high-sp..

Railway Board approves new station at Nedumbassery airport

The Railway Board has approved the construction of a new railway station at Nedumbassery, fulfilling a long-standing demand from air passengers using the Cochin International Airport. Union Minister George Kurian’s office announced on Wednesday that the decision marks a major step towards enhancing rail connectivity to the airport, which serves as one of southern India’s key transport hubs. According to the statement, Kurian had earlier met Railway Minister Ashwini Vaishnaw, who assured him that the project would be expedited. The plan gathered momentum following Vaishnaw’s visit last ..