The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has achieved significant success in enforcing homebuyer rights and addressing grievances in the real estate sector. Since its establishment in 2017, UP RERA has recovered ₹1,410 crore against 5,700 recovery certificates (RCs) issued to defaulting promoters, according to Chairman Sanjay Bhoosreddy.
Key Highlights of UP RERA’s Achievements:
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₹1,410 crore recovered through recovery certificates issued by the authority
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1,650 RCs were mutually settled between builders and homebuyers
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8,500 cases involving refunds and possession, amounting to ₹3,320 crore, resolved via:
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Execution proceedings
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Conciliation forums in Lucknow and Greater Noida
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A total of 15,850 allottee-complainants have received resolution, with claims worth ₹5,180 crore being discharged through:
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Recovery enforcement
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Mutual settlements
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Conciliation
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Legal execution mechanisms
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Safeguarding Homebuyers’ Interests
UP RERA continues to serve as a critical regulatory platform for homebuyers across Uttar Pradesh, providing an accessible forum for dispute resolution and enforcement. The success of the conciliation forums in Lucknow and Greater Noida has helped speed up resolutions without prolonged litigation.
The authority’s proactive actions demonstrate a strong commitment to:
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Enforcing builder accountability
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Ensuring possession or refunds
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Strengthening trust in the real estate regulatory framework
These outcomes underscore UP RERA’s role in promoting transparency, timely delivery of real estate projects, and protecting consumer interests.
