Business
Big Relief For Homebuyers: UP RERA Removes 22 Stuck Projects Including 12 From Noida, Ghaziabad From Abeyance Category- Check Full List
In a major relief for homebuyers and investors across Uttar Pradesh, the Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has decided to remove 22 stalled real estate projects from its Abeyance List. The move clears the way for resumption of construction and offers developers a chance to restore buyer confidence and regain market credibility.
According to UP RERA, the 22 projects — spread across seven districts of the state — will together deliver around 8,856 housing and commercial units, including flats, plots, and retail spaces.
Officials said the decision marks a significant step toward reviving long-pending projects, ensuring delivery, and reinforcing transparency in Uttar Pradesh’s real estate sector. Reacting to the development, Sanjay R. Bhoosreddy, Chairman of UP RERA, said, “The objective of RERA is to establish transparency and trust in the real estate sector. The decision to remove projects that have now completed all necessary documentation from the ‘Abeyance List’ is an important step in this direction. This will not only provide relief to homebuyers but also infuse fresh energy into the state’s economy. RERA is committed to ensuring that every project is completed in a transparent and rule-based manner.”
What is the “Abeyance List”?
After the implementation of RERA, several projects were found where promoters, during registration, had not uploaded the necessary documents such as land records, approved maps, and inventory details (number of units, etc.) on the RERA portal. Following a detailed examination by the Authority, notices were issued to the respective promoters. Most of the promoters clarified that due to technical reasons and lack of time in the initial phase, they could not provide complete details.
Considering this situation, RERA had provided promoters with the facility to Edit and update their project information on the portal. However, despite this, many projects still failed to submit the required land and map-related documents. In this context, during the 152nd meeting of the Authority held on 30th July 2024, it was decided that nearly 400 such projects where documents were incomplete and promoters failed to submit the required records despite notices would be placed under the “Abeyance Category.”
This decision aimed to provide homebuyers and the general public with clear and accurate information about the status of such projects, enabling them to make well-informed and secure investment decisions. It was also intended to prevent any promoter or individual from misusing the registration number issued by RERA.
District-wise details of projects removed from the “Abeyance List”:
Out of a total of 350 projects placed under the abeyance category, 22 projects have now been removed from the list. In Lucknow, four projects comprising 473 units have been cleared. In Noida, six projects with a total of 5,663 units have been taken off the list. Ghaziabad also has six projects revived, covering 2,062 units. In Agra, two projects involving 318 units have been reactivated, while Meerut has two projects with 190 units cleared. Additionally, one project each in Jhansi and Hathras, comprising 39 and 111 units respectively, have been removed from the abeyance list.
Construction work can now resume on these 8,856 units, bringing relief to thousands of homebuyers and commercial investors.
The projects that have been removed from the “Abeyance List”
1. The Platinum Mall, Meerut
2. Banarasi Das Estate, Meerut
3. Vihaan Shopping Plaza, Ghaziabad
4. Emerald Mall, Lucknow
5. Winston Park-3, Noida
6. Mangalam Shila (Block-C), Agra
7. The Citadel, Lucknow
8. Jaypee Greens Garden Isles, Noida
9. Jaypee Greens Orchards, Noida
10. Delhi-99, Ghaziabad
11. Officer City-2 Phase-2, Ghaziabad
12. Shalimar City (Phase-2), Ghaziabad
13. G.N.B. Phase-2 (The Great Northern Bazaar), Ghaziabad
14. Pashupati’s The Grande, Jhansi
15. Vasundhara Estate, Hathras
16. Greenbay – Golf Homes, Noida
17. Saya S Class, Ghaziabad
18. 32 No. EWS (Amaltas) Housing (G+3), Lucknow
19. Grandprix Mega Suites, Noida
20. Mangalam Niket, Agra
21. Rolex Estate, Lucknow
22. Galactic City – Universal Tower, Noida
Benefits For Buyers, Developers
The removal of these projects from the “Abeyance List” will benefit homebuyers, promoters, and the state economy alike. For buyers whose dream homes had been stalled for years, this development paves the way for the resumption of construction work. This will not only ensure timely completion of housing units but also enable buyers to receive ownership of their homes sooner.
For promoters, this decision offers an opportunity to rebuild trust and transparency. Promoters who have now submitted all required documents can begin work on their projects in compliance with RERA regulations. This will boost investor confidence in the real estate sector and infuse new energy into the construction industry.
Additionally, this decision will also accelerate the state’s economic growth. The resumption of construction activities will generate employment for the workforce, increase demand for building materials, and enhance capital flow. Since the real estate sector contributes significantly to the state’s revenue, the revival of these projects will play a crucial role in Uttar Pradesh’s overall economic development.
Business
Tech oversight: Sebi to form working group on exchange technology; aim to strengthen market resilience – The Times of India
Markets regulator Sebi is planning to constitute a working group to identify the next technological frontier for stock exchanges, Sebi chairman Tuhin Kanta Pandey said on Saturday, underlining the regulator’s focus on strengthening market infrastructure amid rapid technological change, PTI reported.The proposed group will examine how exchange technology should evolve over the next five to 10 years, benchmark global best practices and suggest new approaches to enhance market systems. “We are going to constitute a working group on how it is going to be our next technological frontier in our stock exchanges,” Pandey told reporters on the sidelines of the 11th International Convention of the Commodity & Capital Participants Association of India (CPAI).Pandey explained that the technological frontier refers to the use of cutting-edge tools to improve market oversight, operational efficiency and investor protection. He stressed that technological robustness remains critical for the regulator, adding that Sebi takes every exchange-related glitch seriously.While acknowledging that disruptions can occur in a fast-evolving technology environment, he said there is a need for stronger safeguards. To address technical flaws, exchanges are required to carry out detailed root-cause analyses and submit comprehensive standard operating procedures (SOPs) along with corrective measures to the regulator.Responding to a query on the recent outage at the Multi Commodity Exchange (MCX), Pandey said Sebi follows a clearly defined process whenever a technical issue occurs at an exchange. This includes imposing strict penalties if the disruption crosses specified thresholds.He added that the regulator is also examining such incidents from a systemic perspective. “By identifying commonalities in these glitches, we aim to understand how we can better secure and strengthen our market technology,” Pandey said.
Business
Stocks Of Indian Company, With Just 2 Workers, Shot Up 55,000% Over Something That It NEVER Manufactured!
Last Updated:
RRP Semiconductor Ltd.’s spectacular stock rally is making headlines, but the company isn’t what its name suggests.
There is an ongoing probe on the shocking share surge. (Representative Image)
The stock market can be full of surprises, but few stories are as bizarre as this one. An Indian company, RRP Semiconductor Ltd., has seen its stock soar by a mind-blowing 55,000% in just 20 months, all this while reportedly having just two employees. What makes the story even stranger is that, despite its name, the company does not manufacture semiconductors at all.
The sheer absurdity of such a small company seeing this kind of surge makes it one of the most surreal episodes in recent Indian stock market history.
Trading Restricted By Stock Exchanges
Trading in RRP Semiconductor Ltd. has now been restricted by stock exchanges. On the BSE, the stock’s page displays the notice, “Trading Restricted – on account of Surveillance Measure.” RRP Semiconductor has been placed under Stage 1 of the Long-term Additional Surveillance Framework and Stage 0 of the GSM framework, reported CNBC-TV18.
A 55,000% Rally That Defies Fundamentals
The over 55,000% in the 20 months till December 17 is by far the biggest gain worldwide among companies with a market value above $1 billion, reported Bloomberg. This is despite the company posting negative revenue in its latest financial results.
The jaw-dropping stock market story is also doing the rounds on Instagram. According to a reel, “Rs 10,000 invested in it would have grown to Rs 55 lakhs during this window.”
Name Change Sparks Frenzy
Until 2024, RRP was a little-known real estate firm called GV Trading and Agencies. Things changed when Rajendra Chodankar, the founder of RRP, struck a deal to take over GD Trading and Agencies by repaying a Rs 8 crore loan owed to its founders. Chodankar renamed the company RRP Semiconductor. That single word, semiconductor, proved to be a powerful magnet for retail investors.
As the reel explains, “The moment the word ‘semiconductor’ entered this company’s name, retail investors went crazy.”
The timing was perfect. Global chipmakers like NVIDIA were soaring, AI was dominating headlines and India had no listed pure-play semiconductor manufacturing companies. For many investors, this stock seemed like a rare entry point into a hot global theme.
Hype, Rumours, Star Power
Fuel was added by unverified claims swirling on social media, including false rumours of cricket great Sachin Tendulkar being associated with the company and talk of 100 acres of land being allotted.
The real driver of the dizzying rally lay elsewhere. According to September shareholding data, Chodankar and a few of his close associates hold over 90% of the shares, leaving very little free float in the market.
Myths Busted
The reel also busts the biggest myths outright. “The talks of Sachin Tendulkar, 100 acres of land, all of that is completely fake.”
The episode has become a cautionary tale for investors caught in the fear of missing out. The narrator says. “NVIDIA is up, AI is everywhere and India has no semiconductor stocks. But this is a classic example of that desperation being exploited.”
SEBI Launches Investigation
The Securities and Exchange Board of India (SEBI) has launched a probe into the company. The market regulator is examining the sharp rise in RRP’s shares for possible wrongdoing.
Delhi, India, India
December 20, 2025, 14:50 IST
Read More
New Delhi: Many bank customers are unsure whether bank branches are open or closed today, Saturday, December 20, 2025, leaving them confused about whether to step out for important work or postpone their visit. With different banking schedules on weekends and varying services available on Saturdays, people are keen to know if branches are operating today or if it’s better to wait until a regular weekday.
Bank Holiday Status Today: Are Branches Open on December 20, 2025?
Banks are open today, as December 20, 2025 falls on the third Saturday of the month. In India, bank branches remain closed on the second and fourth Saturdays, while they operate normally on the first, third, and fifth Saturdays. Since today is the third Saturday, customers can visit physical bank branches for their regular banking needs.
Banking Services Available Even on Holidays
Even if banks are closed on a holiday, you don’t have to worry about urgent transactions. Online banking and mobile banking apps continue to work, even on national holidays, unless the bank informs customers in advance about maintenance or technical issues. For cash withdrawals and payments, you can rely on ATMs, internet banking, fintech apps, and UPI services, which remain available round the clock.
December 2025 Bank Holidays: State-Wise List to Keep in Mind
Here’s a quick look at bank holidays falling in different states during December 2025, so you can plan your branch visits accordingly:
December 20, 2025 (Saturday): Banks remain closed in Sikkim on account of the Losoong and Namsoong festival.
December 22, 2025 (Monday): Banks are again closed in Sikkim to mark the Losoong and Namsoong festival.
December 24, 2025 (Wednesday): Banks will be shut in Mizoram, Nagaland and Meghalaya due to Christmas Eve.
December 25, 2025 (Thursday): Banks across India remain closed to celebrate Christmas.
December 26, 2025 (Friday): Banks are closed in Mizoram, Nagaland and Meghalaya as part of Christmas celebrations.
December 27, 2025 (Saturday): Banks remain closed in Nagaland on account of Christmas.
December 30, 2025 (Tuesday): Banks are closed in Meghalaya to observe the death anniversary of U Kiang Nangbah.
December 31, 2025 (Wednesday): Banks are shut in Mizoram and Manipur for New Year’s Eve and Imoinu Iratpa festival.
Princess Leonor reaches new milestone in defining moment
Tech oversight: Sebi to form working group on exchange technology; aim to strengthen market resilience – The Times of India
WIRED’s Tried-and-Tested Best Gifts for Sleep
-
Business7 days agoHitting The ‘High Notes’ In Ties: Nepal Set To Lift Ban On Indian Bills Above ₹100
-
Business5 days agoKSE-100 index gains 876 points amid cut in policy rate | The Express Tribune
-
Tech6 days agoFor the First Time, AI Analyzes Language as Well as a Human Expert
-
Business1 week agoIPO Explained: Meaning, Process, Benefits, Risks
-
Sports5 days agoJets defensive lineman rips NFL officials after ejection vs Jaguars
-
Business5 days agoStudying Abroad Is Costly, But Not Impossible: Experts On Smarter Financial Planning
-
Tech1 week agoCursor Launches an AI Coding Tool For Designers
-
Fashion1 week agoCAI seeks scrapping of India’s 11% cotton duty to protect industry