UP-RERA sets standard format for possession letters

13 Jun 2024 CW Team

To prevent arbitrariness by promoters and eliminate disputes between promoters and allottees regarding possession letters, the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has made a model format for the letter of offer of possession publicly available on the RERA portal. Sanjay Bhoosreddy, Chairman, UP-RERA, stated, "The offer of possession should solely serve the purpose of taking possession. Thus, we have provided a standard model offer of possession on the portal, and any other format will not be valid."

Promoters are required to issue possession offers to allottees using this standard format, ensuring no binding conditions are imposed. Once the OC/CC of the project is obtained, possession letters must be sent to allottees via registered email and residential address by post, with notifications also sent via SMS. The primary intent of the possession offer letter is to invite the allottee to take possession of their unit. If any construction work remains, the promoter must clearly outline the remaining work and the estimated completion time.

Any liabilities of the allottee must align with the sale agreement and be legally justified. Letters using demand notice, final demand notice, or similar language will not be considered valid possession offers. Possession letters should be sent within two months of receiving the OC/CC, and a copy of the OC/CC certificate issued by the development authority must be provided to the allottees at the time of possession. (Source: ET Infra)

Real Estate

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..