Supertech Proposes Plan to Finish Stalled Projects in UP
ECONOMY & POLICY

Supertech Proposes Plan to Finish Stalled Projects in UP

Supertech Limited has submitted a comprehensive plan to the Uttar Pradesh government aimed at resolving long-standing issues related to stalled real estate projects in the state. The proposal outlines strategies to complete these projects, which have faced delays due to various challenges, including financial constraints and regulatory hurdles.

The plan submitted by Supertech includes provisions for securing necessary funding, expediting construction activities, and addressing pending approvals and clearances. This initiative is part of Supertech's commitment to fulfilling its obligations towards homebuyers and revitalising the real estate sector in Uttar Pradesh.

The completion of these stalled projects is expected to alleviate concerns among homebuyers who have invested in them and provide relief to the real estate market, which has been grappling with the fallout of delayed projects.

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

Supertech Limited has submitted a comprehensive plan to the Uttar Pradesh government aimed at resolving long-standing issues related to stalled real estate projects in the state. The proposal outlines strategies to complete these projects, which have faced delays due to various challenges, including financial constraints and regulatory hurdles. The plan submitted by Supertech includes provisions for securing necessary funding, expediting construction activities, and addressing pending approvals and clearances. This initiative is part of Supertech's commitment to fulfilling its obligations towards homebuyers and revitalising the real estate sector in Uttar Pradesh. The completion of these stalled projects is expected to alleviate concerns among homebuyers who have invested in them and provide relief to the real estate market, which has been grappling with the fallout of delayed projects.

Next Story
Infrastructure Energy

Orb Energy Achieves Rs 3 Bn Milestone in Solar Financing Success

Orb Energy, a vertically integrated solar energy solutions provider, has achieved a significant milestone by surpassing Rs 3 billion in financing disbursements through its in-house finance facility that requires no collateral or down payment. This accomplishment underscores its dedication to supporting small and medium enterprises (SMEs) and micro, small, and medium enterprises (MSMEs) in India in transitioning to cost-effective solar energy solutions. The company has installed approximately 350 MW of solar photovoltaic systems nationwide, with a strong foothold in southern and western India...

Next Story
Infrastructure Energy

90% Defaulters Yet to Settle Rs 3.17 Bn Power Dues in Noida

Out of a total of 1.31 lakh defaulters in Noida, only 13,500 consumers availed of the one-time settlement (OTS) scheme during its first phase. The Uttar Pradesh Power Corporation (UPPCL) launched the scheme in three phases, from December 15, 2024, to January 31, 2025. These consumers cleared dues amounting to Rs 300.40 million out of a total Rs 3.47 billion owed. Officials emphasized that stricter enforcement of the scheme would be implemented in the coming phases. During a recent weekend meeting with the technical team of the power department, the Noida zone's chief engineer instructed that..

Next Story
Infrastructure Energy

NER Invites Bids for 10 MW Rooftop Solar Projects in Uttar Pradesh

The Varanasi division (electrical) of Northeastern Railway has recently issued four tenders for a total of 10.4 MW on-grid rooftop solar systems to be installed at various buildings in Gorakhpur, Uttar Pradesh. The tenders include different project capacities, with submission deadlines set between January 31 and February 3, 2025. Bidders are required to submit earnest money deposits (EMDs) ranging from Rs 0.89 million to Rs 1.2 million depending on the tender, with the expected project costs varying between Rs 148 million and Rs 174.08 million. The selected contractors will be tasked with sup..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000