Uttar Pradesh's Real Estate Authority (UP-RERA) is making significant strides in streamlining the project registration process and resolving disputes between builders and homebuyers. Chairman Sanjay Bhoosreddy discussed these efforts at a recent real estate conference in Noida.
UpreraSanjay BhoosreddyNoidaLucknowReal EstateReal Estate NewsMay 31, 2025
UP-RERA stands for Uttar Pradesh Real Estate Regulatory Authority. It is a regulatory body established under the Real Estate (Regulation and Development) Act, 2016, to regulate and promote the real estate sector in Uttar Pradesh.
The key functions of UP-RERA include registering real estate projects, ensuring transparency and accountability in transactions, resolving disputes between buyers and builders, and promoting the growth and development of the real estate sector.
As of the latest data, UP-RERA has registered over 4,000 real estate projects. Many of these projects are large-scale with a significant number of units.
Timely project completion is crucial because it builds goodwill and the reputation of developers. It ensures that homebuyers receive their properties on time, which is a key factor in maintaining trust and confidence in the real estate market.
Transparency in the real estate market is essential for building trust between buyers and builders. It ensures that all transactions are fair and that buyers have clear information about the projects they are investing in, thereby reducing the risk of fraud and disputes.
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