Uttar Pradesh witnesses 25 per cent increase in new project registration

UP-RERA mandates promoters to demonstrate legal title for project land

The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has issued a directive to the promoters, instructing them to ensure that they possess legal title over the land on which they are seeking registration for their project.

According to the directive, if the land for the project is not owned by the promoter but by another individual or individuals, the promoter must obtain consent from the landowner for the development of the proposed project. Moreover, the promoter must have a registered joint development agreement with the landowner for this purpose.

UP-RERA has furthe..

UP-RERA orders naming co-allottees in complaints

The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) observed instances where complainants failed to include co-allottees as co-complainants, resulting in RERA benches resolving complaints after hearing only one party, rather than all allottees involved.

Subsequently, a co-allottee appeared before RERA, stating that the complainant had omitted to include their name as a co-complainant, leading to the loss of the opportunity to defend their interests.

Consequently, the authority resolved to include the name of the co-allottee as a co-complainant in complaints filed by al..

UP-RERA requires apartment sales based on carpet area

In a move aimed at enhancing transparency and protecting homebuyers' interests, the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has directed promoters to sell apartments based on carpet area alone. This decision aligns with the regulator's commitment to fair practices and ensuring that buyers have accurate information about the actual usable space in their purchased units.

The new directive emphasises the importance of providing clarity in real estate transactions, focusing on the carpet area as the basis for selling residential units. Carpet area, which excludes the thick..

DLF Launches Luxury Project in Gurugram

DLF, India's leading real estate developer, has unveiled an ambitious luxury housing project in Gurugram, valued at ?2.5 billion. Located in Sectors 76 and 77, the DLF Privana project spans over 116 acres and includes high-rise apartments offering spectacular views of the Aravalli Range.

The latest phase, DLF Privana West, features 795 luxury apartments which sold out within three days of launch, generating around ?550 million. This follows the success of DLF Privana South, which sold 1,113 units for approximately ?720 million earlier in the year. These developments highlight the stron..

Migsun Group Plans Rs 5 Bn Investment in Greater Noida Projects

Migsun Group, a prominent real estate developer, has unveiled plans to invest Rs 500 crore in four new projects located in Greater Noida. This initiative is part of the company's strategic efforts to enhance its presence and contribute to the burgeoning real estate sector in the region.

The investment will be directed towards the development of residential and commercial properties, aimed at meeting the increasing demand for quality real estate in Greater Noida. These projects are expected to not only expand Migsun Group's portfolio but also generate employment opportunities and stimul..