Connect with us

News

UP RERA Recovers ₹1,410 Cr Against 5,700 Recovery Certificates

1002901 up rera

Lucknow/Gautam Budh Nagar, July 25, 2025: UP RERA has increased the recovery of amounts payable to the allottees against recovery certificates issued in lieu of its orders passed on complaints of the allottees since August 2023.

So far, INR 1,410 crore in 5,700 matters has been recovered of which INR 861 crore in 3,053 matters has been recovered between August 2023 and July 15—61 per cent of the total amount recovered so far.

Per UP RERA, INR 380 crore was recovered in 2023, INR 463 crore in 2024 and INR 251 crore in 2025 so far. Besides direct recovery via District magistrates (DMs), around 1,650 recovery certificates were settled mutually between promoters and allottees.

The Authority also ensured settlement in another 8,500 matters having estimated value of INR 3,320 crore involving refund and possession during the execution proceedings or through its conciliation forums established at Lucknow and Greater Noida.

In total, the claims of 15,850 allottee-complainants amounting to INR 5,180 crore have been discharged/settled either through the recovery or through settlement between  promoters and allottees or settlement between parties during the enforcement proceedings before the RERA Benches or through conciliation before the Conciliation Forum.

image 218

According to Sanjay Bhoosreddy, Chairman, UP RERA, the increase in recoveries has been ensured through monthly reviews by the concerned DMs and also by applying pressure on defaulting promoters. The Authority’s recovery approach has been praised by the Centre.

Latest News

Per Annum Group Photograph Per Annum Group Photograph
News1 hour ago

Per Annum’s Fractional Real Estate Platform ‘Estates’ Crosses ₹500 Crore AUM in Under a Year

New Delhi, February 12, 2026: Per Annum, an alternative investment platform with over a decade of operating history, announced that...

STEEL MINISTRY PLI 10 2 2026 STEEL MINISTRY PLI 10 2 2026
News2 hours ago

Jindal Stainless Signs Mou with Government Of India Under PLI 1.2, Reinforcing India’s Specialty Steel Manufacturing Push

New Delhi, February 12, 2026: Jindal Stainless has signed a Memorandum of Understanding (MoU) with the Ministry of Steel, Government...

ccszaj ccszaj
News2 hours ago

Smartworks Crosses 2 MSF in Mumbai with 182,300 Square Feet Lease at The Square

Mumbai, February 12, 2026: Smartworks Coworking Spaces Limited has expanded its footprint in Mumbai with the addition of 182,300 sq....

111105.Indiqube To Raise 75 Million In Equity Funding 111105.Indiqube To Raise 75 Million In Equity Funding
News2 hours ago

IndiQube Reports Robust Q3 Results: ₹395 Cr Revenue Up 45% YoY, ₹95 Cr PAT in 9M FY26

Bengaluru, February 12, 2026: Tech-enabled workspace solutions provider IndiQube Spaces Limited has announced its financial results for Q3 and nine...

b l kashyap sons limited q2 results profit reported at rs 10 crore revenue rs 275 crore b l kashyap sons limited q2 results profit reported at rs 10 crore revenue rs 275 crore
News2 hours ago

B L Kashyap & Sons Ltd. Reports Consolidated Revenue of ₹323.87 Cr, PAT of ₹11.83 crore for Q3 FY25–26

New Delhi, February 12, 2026: B L Kashyap & Sons Limited has announced its financial results for the third quarter...

114508.UP RERA Mandates Consistent Project Naming to Aid Homebuyers 114508.UP RERA Mandates Consistent Project Naming to Aid Homebuyers
News7 hours ago

UP RERA’s 33rd Real Estate Agent Training Session Begins in Lucknow, Focus on Professional Competence

Lucknow/Gautam Buddh Nagar, February 12, 2026: In a significant initiative aimed at making the real estate sector in Uttar Pradesh...

Trending