UP Rera To Colour Code The Housing Projects To Mark Reliability Of Developer

CA Ramesh Agrawal

UP Real Estate Regulatory Authority UP-RERA has carried out colour coding of all the 781 housing projects being executed in the city to give homebuyers an idea about the safety of their investment in property.

The regulatory body’s assessment of three months has revealed that only 35.6% housing projects are completely safe investments.

In addition, the regulatory body has uploaded the list of housing schemes along with their colour codes on the website.

The properties have been divided into 3 Colour Categories i.e. Green, Orange and Red after verification of four parameters.

The 4 parameters are

(i) Lucknow Development Authority (LDA)’s due approval of layout map,

(ii) complaints of ongoing projects against Promotors,

(iii) Builder’s Financial Status, &

(iv) developer’s efficiency records for previous projects.

Green Code: Projects which fulfil all four parameters are safe for investment and are kept in ‘Green’ category. There are 278 (35.6%) projects out of 781 Projects that have been coded green.

Orange Code: Projects which qualify 2-3 standards are marked as ‘Orange’ (i.e. a little risky) & there are 319 (40.8%) projects out of 781, which fall in orange zone.

Red Code: Those projects which clear only one or none of the parameters are placed in ‘Red’ category (unsafe). There are 184 (23.6%) projects out of 781, which are in red zone which are not safe at all.

Comments

RERA Awards Rs. 65 Lakhs Compensation to Homebuyer for 9 Years Delay in Flat Possession

CA Ramesh Agrawal In a recent decision, the Haryana Real Estate Regulatory Authority (HRERA) has directed a builder to compensate a homebuyer with ₹65 lakh for an inordinate delay of over nine years in handing over a flat in Gurugram. Key Highlights: Background of the Case : The homebuyer had booked a flat in 2013, with the developer promising possession within a stipulated timeframe i.e., 7 th December 2015. However, the possession was delayed by more than nine years. Developer's Justifications : The builder attributed the delay to unforeseen circumstances, including the COVID-19 pandemic, the demise of the chairman of environmental impact assessment (EIA) committee, and inadequate water supply. H-RERA's Verdict : After reviewing the case, HRERA rejected the developer's justifications, deeming them insufficient to warrant such a prolonged delay. The authority emphasized that the reasons cited did not qualify as fo...

RERA SHOULD BE ABOLISHED - SUPREME COURT

CA Ramesh Agrawal On 12 th February 2026, the Supreme Court expressed serious dissatisfaction with the functioning of the Real Estate Regulatory Authority (RERA), indicating that the institution, should be abolished in its current form. In this regard please note: - The Hon. Supreme Court strongly criticized the current functioning & working of RERA and observed that RERA should be abolished in its existing form & there is a need to rethink the role being played by it. The Apex court urged all States to examine who is actually benefiting from RERA’s functioning. The Bench comprising of Chief Justice of India (CJI) Surya Kant and Justice Joymalya Bagchi observed that RERA is helping defaulting builders rather than effectively protecting homebuyers or fulfilling its intended objectives. The Bench emphasized that States should revisit the original purpose behind the enactment of the RERA Act. As quoted by Bar and Bench, CJI Surya Kant stated “ All States should now think of...

Supreme Court Ruling Warns Homebuyers: Registration Is Not Ownership

CA Ramesh Agrawal The Supreme Court in a significant ruling has stated that only registering a property does not make someone its legal owner. The judgement, delivered in the Mahnoor Fatima Imran vs M/s Visweswara Infrastructure Private Limited case, has direct implications for millions of Indian homebuyers and investors. If someone has bought a property solely based on a registered sale deed, then have a look at the below points. Understanding the Law: Registration Does Not Equal Ownership “Ownership of a property comprises several aspects, of which registration is only one,” says Mr. Harsh Parikh, partner at a Law Firm, Khaitan & Co. Under Indian law, properties above Rs. 100 require registration, but that’s not all. “A buyer must also prove full payment, possession, and custody of original title documents,” he explains. Chairman and Director of Prime Developments, Mr. Rakesh Malhotra stated that “Registration provides prima facie evidence of a transaction, but it doesn’t c...

RERA Master

Search This Blog