Uttar Pradesh government strengthens RERA rules
May 20, 2017

The Uttar Pradesh government has revised the state-level real estate regulation rules, doing away with the pro-developer clauses that had evoked the ire of homebuyers in the state. Experts had complained that the state RERA rules had diluted the Centre’s Real Estate (Regulation and Development) Act, 2016 (RERA). Acting on the objections, the government has brought all ongoing projects which have not been issued Completion Certificates (CC) as of May 1, 2016 under the revised… Read More

Niti Aayog to help UP govt prepare development plans
May 3, 2017

Arvind Panagariya, Vice Chairman, NITI Aayog will soon help the state authorities of Uttar Pradesh in drawing up a plan to boost the state economy. By meeting the state government officials and Chief Minister on May 10, 2017, NITI Aayog is going to respond to a mandate from the Prime Minister Office, to put in place a plan for the development of the state. While UP has been an important state since the British era,… Read More

UP abandons previous decisions on RERA regulator
May 2, 2017

While the Real Estate (Regulation and Development) Act 2016 (RERA) has come into effect across India yesterday, Uttar Pradesh (UP) is one of the states that had missed the bus in adhering to May 1, 2017, as the deadline to set up a regulatory authority. With the recent change in cabinet, the newly formed government is planning to review the decision taken by the previous administration in the state. While the previous government had notified… Read More

#RERAStrikes: Uttar Pradesh CM assures no dilution of RERA rules
April 28, 2017

A delegation of homebuyers who have invested in various projects in National Capital Region (NCR) recently met Uttar Pradesh’s new Chief Minister, Yogi Aditya Nath. The key takeaways from the meeting were the CM’s assurance on undiluted Real Estate (Regulation and Development) Act (RERA) in the state, set-up of a special grievance cell at the Noida Authority and a rigorous scrutiny of builder-buyer issues over the next three months. A group of homebuyers recently headed… Read More

No more residential-to-commercial property conversions in Lucknow
April 26, 2017

The Lucknow Development Authority (LDA) has recently scrapped its prior decision to convert 58 residences into commercial units, which are owned by some of the influential people in the city. The applications were cancelled for their failure to pay the impact fee to the civic body within the stipulated time window. The civic body turned down these applications after holding a meeting of LDA officials to review the civic body’s major decisions in the past.… Read More

Lucknow Development Authority to act against illegal buildings
April 10, 2017

Strengthening its stance against illegal structures in the city, the Lucknow Development Authority (LDA) will be implementing sections 26, 27, and 28 of the Uttar Pradesh (UP) Housing and Urban Planning Act, 1973. The provisions allow the Authority to demolish unauthorised structures if the owners do not pay the compounding fee for violations.  LDA will work with UP Development Systems Corporation Ltd (UPDESCO), a government consultancy firm, to prepare a list of all illegal structures… Read More

Development Authority prohibits construction in Lucknow until compliance is confirmed
April 8, 2017

The Lucknow Development Authority (LDA) has ordered that all real estate construction across the city be stopped immediately. No construction in the capital of Uttar Pradesh is permitted to proceed until a team from the authority visits the site and gives its approval after checking crucial details. These include floor area ratio (FAR), the number of floors, map compliance, the area left in front and back as per building bylaws, and parking space. The orders… Read More

1,519 properties identified as enemy properties in Uttar Pradesh
March 16, 2017

The recently passed Enemy Property Bill will affect 1,519 properties in Uttar Pradesh (UP). Seizing the heir’s right to ancestral property, the custodian appointed by the Central government will soon take control of all the properties identified as ‘enemy property’ in the state. Pakistani heirs of the Raja of Mahmudabad will be the most affected with 936 properties across UP and Uttarakhand. Of the 1519 properties in UP, 622 are already vested with the ‘custodian’… Read More

Lucknow Metro project gets central aid worth Rs 250 crore
January 4, 2017

The Urban Development Ministry has released funds worth Rs 250 crore for the Lucknow Metro project, taking the total central assistance to Rs 550 crore. The project is a joint venture between the state and central governments, and the latter had contributed Rs 300 crore earlier this year. The 23 km long metro corridor involves an estimated cost of Rs 6,928 crore, of which the Centre shall provide Rs 1,003 crore as equity, Rs 3,500… Read More

Centre allots Rs 160 crore to Uttar Pradesh for urban housing
December 25, 2016

Central government has allotted Rs 160 crore to Uttar Pradesh for its proposal to construct 11,286 houses in 34 towns for its urban poor. The selected towns include Barwar, Maholi, Pali, Ranipur, Suriyawan, Sikandra, and Chughuli. The proposal has been approved by the Ministry of Housing and Urban Poverty Alleviation (HUPA) The central assistance for the programme will be more than half of the Rs 384 crore estimated to be involved in the construction of… Read More

Lucknow Development Authority lowers land conversion charges
December 25, 2016

Lucknow Development Authority (LDA) has eased the way for residential property holders to get their land usage converted to commercial. The civic body has announced that conversion charges, which used to be based on circle rates, will now be calculated as per LDA sector rates. This decision will considerably reduce conversion charges in the city and the new rates are anticipated to be about 30-40 percent below circle rates. This can be beneficial to the… Read More

Lucknow Municipal Corporation proposes 4 housing projects
December 21, 2016

Following in the footsteps of the Uttar Pradesh Housing and Development Board and the Lucknow Development Authority (LDA), the Lucknow Municipal Corporation (LMC) has also decided to develop real estate. LMC has proposed four housing projects in the city with a total of 1,800 units. Proposed to be developed at Hardoi Road and Shaheed Path, the projects are estimated to be ready by 2019. The foundation of these projects will soon be laid by Azam… Read More

Agra-Lucknow Expressway inaugurated
November 23, 2016

The ambitious Agra-Lucknow Expressway has recently been inaugurated. Stretching 302 km, Agra-Lucknow Expressway is the longest in the country. The project was executed by Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) in a record time of 23 months and involved a cost of Rs 13,200 crore. The six-lane expressway connects Agra and Lucknow, reducing the travel time between the two cities to just three hours from the seven hours it took earlier. The expressway has… Read More

RERA rules rolled out in Uttar Pradesh
November 2, 2016

Uttar Pradesh (UP) government has finally rolled out Uttar Pradesh (Regulation & Development) Rules, 2016, which is a significant step towards a more transparent real estate market in the state. This step comes in the wake of the Centre finalising the rules for the landmark Real Estate (Regulation & Development) Act, 2016. The UP rules have defined ongoing projects as those real estate projects where development is going on and which have not been issued completion… Read More

Lucknow Master Plan 2031 suggests increased urbanisation
October 26, 2016

The final version of Lucknow’s Master Plan 2031, which will soon be presented in front of the Lucknow Development Authority (LDA) Board, suggests increased urbanisation for the city. The proposed plan envisages urbanising more than 70 per cent of Lucknow in attempt to develop a more vibrant city. Currently, only 40 per cent of Lucknow is urban. The Authority intends to extend its current jurisdiction of 450 sq km to over 1,050 sq km through… Read More

Uttar Pradesh shines in the list of AMRUT cities
October 5, 2016

Central government has applauded Uttar Pradesh (UP) for being among the best states in implementing the reforms under Atal Mission for Urban Rejuvenation and Transformation (AMRUT). UP was joined by 23 other states and was selected through an exhaustive screening process on the basis of an 15 point scale, shared Urban Development Secretary Sri Prakash Singh. Centre announced that over Rs 60 crores have been allocated to UP for achieving the mandated reforms milestone for… Read More

Lucknow Authority announces settlement scheme for defaulters
September 29, 2016

Providing relief to around 5,000 homebuyers, the Lucknow Development Authority (LDA) has come up with a one-time settlement (OTS) scheme. As per the scheme, people who did not make their full property payments before the deadline and were required to pay a late fee at a high rate of interest, are eligible to avail relief in the interest. This move will help around 5,000 people who can now seek possession of their projects. The 3,000… Read More

Kanpur-Lucknow Expressway worth Rs 1,500 crore announced
September 16, 2016

Uttar Pradesh will soon get an expressway linking Kanpur and Lucknow, shared Nitin Gadkari, Union Minister for Road Transport and Highways. The plan is to build an eight-lane access controlled elevated expressway between the two cities at an estimated cost of Rs 1,500 crore. The new route will help cut down the travel time between Lucknow and Kanpur to a mere 35-40 minutes. The Kanpur-Lucknow Expressway is a part of Rs two lakh crore worth… Read More

Page 1 of 46