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

18 Dec 2025

RVNL secures Rs 1.65 billion railway bridge project from North Eastern Railway

Rail Vikas Nigam (RVNL) has received a Letter of Award (LoA) from North Eastern Railway for a Rs 1.65 billion railway infrastructure project, strengthening its order book and showcasing its expertise in complex railway construction.The project involves constructing the substructure of a major railway bridge over the Gandak River, located between Paniyahwa and Valmikinagar stations. This is part of the doubling of the Gorakhpur Cantt–Valmikinagar railway section, aimed at improving line capacity and operational efficiency.The bridge will feature 14 spans of 61 metres each, built on double D-t..

Raebareli’s Modern Coach Factory rolls out 15,000th railway coach

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RailTel wins Rs 260.88 million IT infrastructure order from VOC Port

Navratna public sector undertaking RailTel Corporation of India has secured an IT infrastructure order worth Rs 260.88 million from V.O. Chidambaranar Port Authority (VOC Port), strengthening its presence in port-led digital transformation projects.According to an exchange filing dated December 16, 2025, RailTel has received a Letter of Acceptance (LoA) from VOC Port Authority for the implementation of advanced IT infrastructure at the port. The project is domestic in nature and is scheduled to be completed by August 15, 2026.The company said the order has been awarded in the normal course of ..