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)

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..