UP RERA orders to complete Vasundhara Grand project by May 2023

22 May 2022 CW Team

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has authorised the promoter of the Vasundhara Grand housing project to complete the stalled housing project by May 2023.

The promoter and the association of allottees had approached the UP RERA to intervene in the completion of the remaining project under its supervision so that the allottees could get possession of their flats.

This project was rolled out in 2015 in Ghaziabad but was unable to be completed by promoter Nandini Buildhome Consortium Private Limited by 16 December 2020. Currently, the project is only 82% complete.

From 320 residential and seven commercial units in the two towers, 244 residential and one commercial units have been sold, and 76 residential and six commercial units are yet to be sold.

The project will be monitored by the Project Advisory and Monitoring Committee (PAMC) of the UP RERA under the chairmanship of one of its members and the vice-chairman of the Ghaziabad Development Authority (GDA).

The commission will also have concession advisers, a financial regulator, a specialised counsel especially appointed construction advisers and a design operation division of the UP RERA and association of allottees.

Chairman of UP RERA, Rajive Kumar, told the media that the Vasundhara Grand housing project is the 13th project revived by the UP RERA, and the remaining development will be completed by the promoter in coordination with the allottees of the project.

He said that 12 incomplete projects in Gautam Buddha Nagar and Ghaziabad and one project in Lucknow were being completed either by the promoters or the association of allottees.

The Real Estate Regulatory Authority (RERA) will shift the project to different categories of projects under rehabilitation and monitor its progress quarterly.

Image Source

Also read: UP RERA to open microsite to register builders complaints

Infrastructure Urban

07 Jul 2026

IHC and Adani to Invest US$11.5 bn in Odisha Aluminium Project

Abu Dhabi's International Holding Company (IHC) will invest US$11.5 bn in an integrated aluminium project in the eastern Indian state of Odisha in a joint venture with the Adani Group, a state official said. The official said the announcement represented the country's largest foreign investment in mining and metallurgy. Officials said the venture would span both mining and metallurgical activities across several facilities in the state. The project has been described as integrated, encompassing upstream bauxite extraction and downstream smelting and metallurgy, and is intended to develop a com..

Air India and SIAEC to Explore MRO Joint Venture in India

Air India and SIA Engineering Company (SIAEC) have signed a memorandum of understanding (MoU) to explore the formation of a maintenance, repair and overhaul joint venture in India. The MoU, signed on Friday, will examine collaboration to develop India as a global aviation MRO hub and to serve growing needs across the Indian and regional markets. SIA Engineering Company, part of the Singapore Airlines Group which holds a 25.1 per cent stake in Air India, will bring technical expertise alongside Air India's established airline operations network. The partnership builds on existing cooperation be..

Assam and Centre Review Aviation Projects Push Silchar Airport Approval

Assam and the Centre on Thursday, July two reviewed a series of aviation infrastructure projects aimed at strengthening air connectivity across the state, with the proposed greenfield airport at Silchar emerging as a key priority. The review formed part of broader efforts to position Assam as a major aviation and logistics hub for the north east. Officials outlined timelines and preparatory work that they said would guide the next stages of project approvals. The Chief Minister met the Union Civil Aviation Minister at Rajiv Gandhi Bhavan in New Delhi and described the meeting as very productiv..