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 Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..