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U.P. RERA Chairman, Rajive Kumar unveils Coffee Table Book to mark end of his term

UPRERA

On the last working day of his tenure, Rajive Kumar, Chairman, U.P. RERA, addressed the 125th Authority meeting and reviewed the status of compliance of the consumer complaints along with other important agendas. As a big sigh of relief, he specially mentioned that almost 75 percent requests of order execution received from consumers have been addressed successfully and in the financial year 2022-23, Rs. 394.26 Cr. has been collected from the District Administration against issued Recovery Certificates across state and Rs. 353.37 Cr. has been transferred to the consumers as per the procedure. 

On the occasion, he unveiled a Coffee Table Book commemorating the last 6 years of RERA’s tenure to compile important developments, decisions, events, data and directed to make it available to all stakeholders through the website. All the honorable members – Deepak Swarup Saxena, T. Venkatesh, Legal Advisor – Chandan Kumar Singh, Secretary in-charge Sameer Ranjan Singh, Joint Secretary Uma Shankar Singh, other officers and official personnel were present in the meeting followed by a special programme in the auditorium. Rajive Kumar congratulated everyone for the future and said goodbye to U.P. RERA headquarter.



Sh. Rajive Kumar, Chairman in middle unveiled Coffee Table Book alongwith Secretary (I/C) Sh. Sameer Ranjan Singh, ADJ Harish Tripathi, Member Sh. Deepak Swarup Saxena & Sh. T Venkatesh, Principal Advisor- Sh. Abrar Ahmad and TA Sh. Subodh Rai (from Left to Right.)All U.P. RERA members and officers presented a momentous to Sh. Rajive Kumar, Chairman, U.P. RERA headquarter. 


Through this coffee table book, U.P. RERA has put an effort to summarize the mega days and data of the Authority right from starting from the launch of the website, facility to file online complaints from the very first day, Oath taking ceremony, Authority meeting, hearing of complaints and guidelines for order compliance, achievements, efforts made for publicity among general public, reconstruction work of closed projects under Section 8 and 15 and real estate sector. A systematic illustration and description has been made by including far-reaching decisions taken for development and regulation. The journey of the Authority so far as well as the long term plan for the future has also been mentioned in the coffee table book.



On the basis of the data received from the Ministry of Housing and Urban Affairs and the Authority, the status of Uttar Pradesh RERA has been displayed through various graphs, in which U.P. RERA is playing a leading role among all RERAs in the country with 88 per cent consumer complaints redressed. U.P. RERA alone has disposed of almost 43,000 complaints and approximately 1.07 lakh complaints received across RERA in India.

Source- MoHUA



Overall Recovery Certificates worth about Rs. 1,200 crore have been resolved by the administration through recovery and mutual consent and this is the highest among all RERA institutions. In fact, a quick jump has been noticed in the recovery of recovery certificates after Covid-19 and FY 2022-23 has contributed approximately 33 per cent since 2018. By resolving more than 1200 cases through the Conciliation Forum, properties worth about Rs 485 crore have been made dispute free. 


The Coffee Table Book has catered first-of-its-kind initiative of U.P. RERA to begin rehabilitation of stuck projects in the state under provisions of Section-8 of the RERA Act. Presently out of total 14 such projects, 3 projects – Jaypee Kalypso Court Phase 2, Jaypee Knight Court and Vasundhara Grand has filed for Occupancy Certificate in the competent Authorities. This is a big booster and a path to complete other stuck projects in India. Making another big leap of success, out of 4 stuck projects authorized for redevelopment under provisions of Section-15 of the RERA Act, 1 project-Kiara Residency has achieved completion. Under these 2 sections, almost 12 more stuck projects are under evaluation for rehabilitation and redevelopment.

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Apart from above, the Coffee Table Book depicts the situation before the implementation of the RERA Act, followed by the challenges of the real estate sector, home buyers’ sit-in demonstrations, unfair working practices of promoters, etc. to show the efforts made by the Authority to resolve issues and fulfill demand of consumers. Many future efforts have been shown, in which grading of project and promoter, website with AI and ML, and incomplete projects, the approach paper related to completion and ending the registry problem is mentioned, etc.

Highlights of the Coffee Table Book are given below-

Project registration status in Uttar Pradesh (District wise as on May 2023): 3400

District Wise Projects Registered in UP RERA.jpg

Source- U.P. RERA

Top 10 District in Project Registration

Source- U.P. RERA

Top 10 district in complaints disposal:

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Source- U.P. RERA

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