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Lohia Global plans to invest Rs 1,000 crore in five residential projects spread across 30 lakh sq ft area in Moradabad, Lucknow, and Delhi-NCR. These projects will be developer in the next five years.
Uttar Pradesh Real Estate Regulatory Authority (UPRERA) has issued office order directing builders to name their housing projects, Towers, and blocks as per the sanctioned map. This directive from.
This comes after real estate developers failed to fulfill their promise of delivering homes, as per an official press statement released on Wednesday by Pramod Kumar Upadhyay, the secretary of the Uttar Pradesh Real Estate Regulatory Authority.
Rising demand for large spaces post Covid, higher margins and improvement in the financial positions of large developers has led to a rush of premium projects priced above Rs 10,000 per square foot.