UP RERA revives 4-year stalled projects in Noida
Real Estate

UP RERA revives 4-year stalled projects in Noida

The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA), under Section 15 of the Real Estate Regulatory and Development Act 2016, proposes to revive stuck projects in Sector 62, Noida.

Secretary of UP-RERA, Rajesh Kumar Tyagi, allowed transferring a 20,000 sq ft plot of Proplarity Infratech Private Limited to Urbanac Building Technologies.

Proplarity Infratech offered mixed-use development at the sites through its BizLife project. Retail spaces, office spaces, Commercial components and service apartments are to come up at the site. The projects were stalled for over four years, with some construction activities ongoing.

The property buyers sought UP-RERA for relief. Out of 750 allottees, 519 were given their consent for the takeover in November 2021, after which UP-RERA allowed the transfer of rights and liabilities to Urbanac Building Technologies.

A partner of Urbanac Building Technologies, Paritosh Goel, said that the company would complete the projects within four years and transfer them to the buyers. The company is coordinating with the Noida Authority for the sanction of the building plan, and the work will begin soon.

The company has collaborated with Solutrean Building Technologies Limited (SBTL) to speed up the project work.

He said that acquiring the project seemed financially feasible since the Noida Authority received most of the land dues in advance. Some money is in the form of lease rent, and time extension charges are pending. However, the land premium has already been settled.

Image Source

The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA), under Section 15 of the Real Estate Regulatory and Development Act 2016, proposes to revive stuck projects in Sector 62, Noida. Secretary of UP-RERA, Rajesh Kumar Tyagi, allowed transferring a 20,000 sq ft plot of Proplarity Infratech Private Limited to Urbanac Building Technologies. Proplarity Infratech offered mixed-use development at the sites through its BizLife project. Retail spaces, office spaces, Commercial components and service apartments are to come up at the site. The projects were stalled for over four years, with some construction activities ongoing. The property buyers sought UP-RERA for relief. Out of 750 allottees, 519 were given their consent for the takeover in November 2021, after which UP-RERA allowed the transfer of rights and liabilities to Urbanac Building Technologies. A partner of Urbanac Building Technologies, Paritosh Goel, said that the company would complete the projects within four years and transfer them to the buyers. The company is coordinating with the Noida Authority for the sanction of the building plan, and the work will begin soon. The company has collaborated with Solutrean Building Technologies Limited (SBTL) to speed up the project work. He said that acquiring the project seemed financially feasible since the Noida Authority received most of the land dues in advance. Some money is in the form of lease rent, and time extension charges are pending. However, the land premium has already been settled. Image Source

Next Story
Infrastructure Urban

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Next Story
Infrastructure Transport

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Next Story
Infrastructure Transport

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?