Tag: Uttar Pradesh Real Estate Regulatory Authority

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UP-RERA Delivers ₹2,040 Crore Relief, Resolves 11,300 Cases in 2025

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has successfully delivered ₹2,040 crore in relief to homebuyers through recovery actions, mutual settlements, and conciliation processes, addressing over 11,300 long-standing cases involving properties worth ₹5,920 crore by the end of 2025. A significant volume of complaints was submitted to UP-RERA benches under Section 31 of the RERA Act, mainly concerning delayed possession, refunds, and interest claims. Following hearings, recovery certificates (RCs) were issued against defaulting promoters, allowing district administrations to commence recovery procedures. Out of 6,018 RCs issued, ₹1,505 crore was recovered via legal enforcement and directly credited to…

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Homebuyers of 129 Projects Should Contact IRPs, Not UP-RERA

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has released a public advisory following the admission of 129 real estate projects from 14 developers into the Corporate Insolvency Resolution Process (CIRP) at the National Company Law Tribunal (NCLT) from January 2024 to the present. As insolvency proceedings commence, UP-RERA has instructed affected homebuyers to submit their claims exclusively to the appointed Insolvency Resolution Professionals (IRPs) for each project, as per the guidelines of the Insolvency and Bankruptcy Code (IBC). RERA jurisdiction suspended during moratorium UP-RERA stated that once a project enters the CIRP, a moratorium under section 14…

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U.P. RERA Recovers ₹1,410 Crore for Homebuyers

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has successfully recovered ₹1,410 crore from 5,700 recovery certificates to date. Of this, ₹861 crore has been collected in 3,053 cases from August 2023 to July 15, 2025, representing a significant 61% of the total recoveries made thus far. Recovery momentum continues to rise, as demonstrated by ₹380 crore recovered in 2023 and ₹463 crore in 2024. Between January 1, 2025, and July 15, 2025, ₹251 crore was recovered across 955 certificates, compared to ₹244 crore during the same period in 2024. Sanjay Bhoosreddy, chairman of UP-RERA, remarked, “This upward…