Work on completing new Master Plans 2031 for several towns in Uttar Pradesh has resumed. Whereas the Chief Minister has sanctioned the Ayodhya Master Plan, Kanpur, Azamgarh, and Hapur may soon receive formal approvals for their master plans. Once approved, these plans will spell out a detailed development vision for urban land use.… Read more
A Basic Guide to UP RERA: Registration Procedures and a Few others!
An Introduction Of UP RERA
The Real Estate Regulation and Development Statute, 2016, often known as RERA, is an act that governs India’s real estate sector. The Act was enacted by Parliament in 2016 and took effect on May 1, 2016. RERA Act 2016 does, however, provide portions of each state’s RERA power. Likewise, Uttar Pradesh has a real estate regulating authority called UP RERA. RERA UP was established on October 27, 2016, with the goal of protecting house purchasers’ interests and boosting real estate investments in Uttar Pradesh.… Read more
An increase in requests to register new projects: UP RERA
Tags: IndiaReal EstateRERAUP
For the registration of recent projects in the dwelling, industrial, and mixed-land use categories, Uttar Pradesh RERA has received about 125 applications in the first half of 2022. 34 percent of those parcels are from NCR areas, and about 66 percent are from non-NCR districts. Concerning the packages for brand-new project registration, the residential class has the highest percentage—roughly 75%—and the packages for commercial and mixed-land-use projects have the lowest percentage—25%.… Read more
