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
TDS alert! Important February compliance dates you must track– Check Full list
New Delhi: February 2026 brings a series of important deadlines related to Tax Deducted at Source (TDS) that taxpayers and deductors should not overlook. From issuing TDS certificates to submitting mandatory statutory forms, these compliance dates play a key role in ensuring smooth and accurate tax reporting. Businesses, employers, and government offices must stay alert and complete the required filings on time to avoid penalties or complications under the Income-tax Act. Keeping track of these dates can help ensure hassle-free compliance and prevent last-minute stress.
February 14:
– Deadline for issuing TDS certificate under Section 194-IA for tax deducted on transfer of immovable property in December 2025.
– Deadline for issuing TDS certificate under Section 194-IB for tax deducted on rent paid by individuals or HUFs in December 2025.
– Deadline for issuing TDS certificate under Section 194M for tax deducted on contractual or professional payments made in December 2025.
– Deadline for issuing TDS certificate under Section 194S for tax deducted on transfer of virtual digital assets by specified persons in December 2025.
February 15:
– Deadline for government offices to furnish Form 24G where TDS/TCS for January 2026 was deposited without generating a challan.
– Deadline for issuing the quarterly TDS certificate for non-salary payments for the quarter ended December 31, 2025.
Business
Musk’s net worth soars past $800 billion after SpaceX‑xAI deal
New Delhi: US entrepreneur Elon Musk’s net worth surged past the $800 billion mark after SpaceX acquired his artificial‑intelligence firm xAI, making him the richest person in history by a wide margin.
Musk’s net worth reached roughly $852 billion, almost $578 billion higher than the world’s second-wealthiest person, Google co-founder Larry Page, whose net worth is estimated at $281 billion.
The merger took the combined value of the company to $1.25 trillion and added about $84 billion to Musk’s fortune, according to reports.
Before the merger, Musk owned about 42 per cent of SpaceX which was valued at $800 billion and roughly 49 per cent of xAI, which was valued at $250 billion after a recent private fundraising round. Post‑merger, Musk’s stake in the combined entity touched 43 per cent, worth about $542 billion and SpaceX became Musk’s largest holding by a wide margin, the reports said.
Musk also retains about 12 per cent of Tesla, valued at approximately $178 billion, along with Tesla stock options, estimated at $124 billion. Further, in addition to these, Musk also receives a shareholder‑approved Tesla pay package up to $1 trillion in additional Tesla stock, before taxes over the next decade and the cost of unlocking restricted shares, if performance targets are met.
He crossed several wealth milestones in the past four months such as $500 billion, $600 billion and $700 billion, driven by SpaceX valuation gains and a Delaware Supreme Court ruling that restored his Tesla options.
Musk earlier said that SpaceX’s Starship will begin delivering the much more powerful V3 Starlink satellites to orbit in 2026, with each launch adding more than 20 times the capacity to the constellation as the current Falcon launches of the V2 Starlink satellites.
It will enable launches “every hour carrying 200 tons per flight” and ultimately lifting millions of tons to orbit and beyond, Musk has shared his plan.
Starship will also launch the next generation of direct-to-mobile satellites, which will deliver full cellular coverage everywhere on Earth, he added.
Business
Stock Market Updates: Sensex Falls 300 Points, Nifty Tests 25,700; Nifty IT Drops Over 5%
Last Updated:
Indian equities paused on Wednesday after the previous session’s sharp surge triggered by the India–US trade agreement
Stock Market Today.
Sensex Today: Indian equities paused on Wednesday after the previous session’s sharp surge triggered by the India–US trade agreement. The pact, which reduced US tariffs on Indian goods to 18 per cent from 50 per cent, had buoyed sentiment and removed a major overhang, but markets turned cautious as traders booked profits.
A decline in information technology stocks further weighed on the mood.
At the open, the BSE Sensex was around 83,430, down 309 points or 0.37 per cent, while the Nifty 50 stood at 25,663, lower by 65 points or 0.25 per cent.
Broader markets also traded in the red, with the Nifty MidCap index slipping 0.48 per cent and the Nifty SmallCap index easing 0.18 per cent.
The Nifty IT index tumbled more than 5.5 per cent, led by losses in Persistent Systems, LTIMindtree, Infosys, HCL Tech, Coforge, TCS, Mphasis and Tech Mahindra.
Global cues
US markets ended lower overnight as investors rotated out of technology stocks into sectors more closely tied to economic recovery. The Dow Jones slipped 0.34 per cent, the S&P 500 declined 0.84 per cent, and the Nasdaq fell 1.43 per cent at the close.
Asian markets were mixed in early trade on Wednesday amid the absence of strong triggers. China’s CSI 300 index dropped 0.29 per cent, Hong Kong’s Hang Seng edged down 0.05 per cent, and Japan’s Nikkei lost 0.61 per cent. In contrast, South Korea’s Kospi rose 0.54 per cent.
In commodities, spot gold gained over 1 per cent to $5,002 per ounce, while spot silver advanced 0.69 per cent to $85.70 per ounce.
On the macro front, investors await the release of S&P Global/HSBC composite and services PMI final data for January from both India and Japan.
February 04, 2026, 09:13 IST
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