UP-RERA Streamlines Real Estate Project Registration and Dispute Resolution
Uttar Pradesh's Real Estate Authority (UP-RERA) is making significant strides in streamlining the registration of real estate projects and resolving disputes between builders and buyers, enhancing transparency and efficiency in the sector.
UpreraReal EstateProject RegistrationDispute ResolutionTransparencyReal EstateMay 30, 2025
Real estate developers are required to register their projects to start marketing activities and sell their inventories. Bhoosreddy stated, “We are trying to make the system as transparent as possible, utilizing our available resources.” The conference was organized by the property news portal Realty & More.
UP-RERA is the smallest RERA in the country but has the largest area and population to manage. Bhoosreddy highlighted that the authority handles 75 cities, which initially included only a few districts such as Gautam Buddha Nagar, Ghaziabad, Meerut, Lucknow, Agra, and Kanpur. In 2024, UP-RERA sanctioned 261 projects, with 62 in the Delhi-NCR region and 199 outside NCR. Now, applications are being received from across the state, and Bhoosreddy expects more projects to be registered this year.
Bhoosreddy mentioned that over 4,000 real estate projects are registered under UP-RERA, with a significant number of units and proposed investments. The authority is compiling data on the number of units and investments in these projects. Bhoosreddy emphasized the authority's commitment to providing RERA registration numbers within 30 days of receiving applications. He urged builders to upload documents in the proper format to avoid rejections.
The Chairman also highlighted the importance of transparency and user-friendliness in both complaint disposal and project registration/extension processes. He stressed that timely completion is crucial in real estate projects, as it builds goodwill and enhances the reputation of developers and the sector as a whole. Bhoosreddy noted that the real estate sector plays a vital role in the growth of the Indian economy.
In conclusion, UP-RERA's efforts to streamline project registration and dispute resolution are aimed at fostering a more transparent and efficient real estate market in Uttar Pradesh, benefiting both builders and homebuyers.
Frequently Asked Questions
What is UP-RERA?
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 the real estate sector in Uttar Pradesh.
Why is project registration important?
Project registration is crucial for real estate developers as it allows them to start marketing activities and sell their inventories. It ensures transparency and compliance with regulatory standards.
How is UP-RERA streamlining the registration process?
UP-RERA is streamlining the registration process by making it more transparent and user-friendly. They aim to provide RERA registration numbers within 30 days of receiving applications and encourage builders to upload documents in the proper format.
What is the role of UP-RERA in dispute resolution?
UP-RERA plays a significant role in resolving disputes between builders and homebuyers. They are working to make the complaint disposal process more efficient and transparent.
Why is timely completion important in real estate projects?
Timely completion is crucial in real estate projects as it builds goodwill and enhances the reputation of developers and the sector as a whole. It ensures that homebuyers receive their properties on time, which is a key factor in the success of real estate projects.
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