₹128 Crore Returned to 350+ Homebuyers in 2023: UP-RERA
LUCKNOW: The Uttar Pradesh Real Estate Regulatory Authority (UP Rera) has reported recovering Rs 128 crore from promoters who failed to complete their housing projects, depositing this sum into the bank accounts of approximately 376 homebuyers this calendar year. With this, UP Rera has transferred a total of Rs 1,360 crore to around 5,500 homebuyers who had not received possession of their homes. “We have issued over 12,900 recovery certificates (RCs) valued at Rs 3,900 crore, primarily in the National Capital Region (NCR). We guarantee every complainant (homebuyer) who has contacted Rera that justice will be served. They will either…