Uttar Pradesh Grants 24-Month Zero Period Relief for Developers

26 Dec 2023 CW Team

In a significant move, the Uttar Pradesh government has extended a generous 24-month zero period relief to developers, marking a pivotal moment in the state's real estate sector. This strategic decision aims to provide substantial support to the development community, fostering growth and resilience in the face of challenging economic conditions.This groundbreaking initiative, detailed in a recent Economic Times article link, outlines the government's commitment to bolstering the construction and real estate industry. The extended zero period is poised to stimulate new projects, attract investments, and propel the state's realty sector towards a robust recovery. Developers in Uttar Pradesh can now navigate a more favourable landscape, as the prolonged zero period offers a breather amid economic uncertainties. The move is expected to trigger a surge in housing and infrastructure projects, further enhancing the overall economic vitality of the region. As the real estate market adapts to evolving dynamics, Uttar Pradesh's visionary decision stands out as a proactive measure, fostering an environment conducive to sustainable development. This comprehensive relief package reflects the government's dedication to supporting key sectors and driving economic resurgence in the post-pandemic era.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..