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 Urban

29 Oct 2025

Designing Tomorrow: Amaravati’s Net Zero Landmark

Amaravati has achieved a defining landmark in India’s sustainable infrastructure journey with the inauguration of the APCRDA Project Office, the nation’s first government building to earn the IGBC Net Zero Energy Rating – Design Stage. Conceptualised by the Andhra Pradesh Capital Region Development Authority (APCRDA) and certified by the Indian Green Building Council (IGBC), the project exemplifies how governance, design and innovation can converge to deliver measurable environmental impact.A vision rooted in sustainabilitySet within a 4.3-acre site along the Seed Access Road in the Amar..

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Punjab, Centre Fast-Track Rajpura-Mohali Rail Line Development

The central government has fast-tracked the construction of the Rajpura-Mohali rail line to enhance connectivity in Punjab. This ambitious infrastructure project, aimed at improving transportation links between Rajpura and Mohali, has been identified as a key step in fostering regional economic growth. Union Minister for Railways, Ashwini Vaishnaw, announced the project’s acceleration during a recent assessment of the area. The rail line is expected to play a significant role in reducing travel time, promoting industrial growth, and boosting logistics efficiency in the region. The project,..