UP RERA recovers Rs 150 cr against 1,000 recovery certificates

07 Oct 2021 CW Team

The promoters and home buyers additionally have reached settlements in respect of recovery certificates estimating around Rs 300 crore.

On the reference of UP-RERA, the state government has begun an inquiry by SIT for serious irregularities against R-Sons working in Lucknow-Barabanki and Unnati Fortunes working in NCR, it said.

UP-RERA has settled around 30,500 complaints out of 38,500 complaints registered with it in the past four years.

After the due date expiry for compliance of 16,400 orders, approximately 11,200 complainants have requested the authority for those orders' execution. UP-RERA has released 4,724 recovery certificates to the concerned district magistrate for recovery of the money due to the home buyers. About 33% of the demand inherent in these recovery certificates has been decided.

Around 50% of the orders of the authority, due for compliance, have already been complied with, and it is taking strict penal action against the promoters for non-compliance of its orders.

UP-RERA has inflicted an Rs 8.77 crore penalty against 103 such promoters and additionally issued recovery certificates against 56 such promoters for recovery of an amount of Rs 6 crore of penalty.

There are 2,959 projects listed with UP-RERA out of which 1,125 projects, that is about 38% of the projects have been concluded. The authority has additionally listed 126 projects from outside planning areas under its special orders to protect the buyers interest.

It has inflicted a Rs 1.7 crore penalty against the promoters of 342 projects for not getting their projects listed on time with the authority. It also charged a Rs 17.70 crore penalty against the 1,048 project promoters for delaying updating the quarterly progress reports on the authority website.

The authority inflicted a Rs 50 lakh penalty against 12 promoters for promoting their projects before listing them.

UP-RERA has cancelled the registration of 11 projects for infringement of the act and the rules by the promoter, approved the association of apartments (AoAs) of the two projects for conducting the remaining development work of these projects and allowed the promoter and the AoA jointly for achieving four projects after a lapse of registration thereof.

Image Source

Also read: UP-RERA grants nine month completion extension to 45 projects

Also read: UP RERA has decided to organise National Lok Adalat on July 10

The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has recovered a sum of about Rs 150 crore against around 1,000 recovery certificates and transferred the funds to the accounts of the home buyers. The promoters and home buyers additionally have reached settlements in respect of recovery certificates estimating around Rs 300 crore. On the reference of UP-RERA, the state government has begun an inquiry by SIT for serious irregularities against R-Sons working in Lucknow-Barabanki and Unnati Fortunes working in NCR, it said. UP-RERA has settled around 30,500 complaints out of 38,500 complaints registered with it in the past four years. After the due date expiry for compliance of 16,400 orders, approximately 11,200 complainants have requested the authority for those orders' execution. UP-RERA has released 4,724 recovery certificates to the concerned district magistrate for recovery of the money due to the home buyers. About 33% of the demand inherent in these recovery certificates has been decided. Around 50% of the orders of the authority, due for compliance, have already been complied with, and it is taking strict penal action against the promoters for non-compliance of its orders. UP-RERA has inflicted an Rs 8.77 crore penalty against 103 such promoters and additionally issued recovery certificates against 56 such promoters for recovery of an amount of Rs 6 crore of penalty. There are 2,959 projects listed with UP-RERA out of which 1,125 projects, that is about 38% of the projects have been concluded. The authority has additionally listed 126 projects from outside planning areas under its special orders to protect the buyers interest. It has inflicted a Rs 1.7 crore penalty against the promoters of 342 projects for not getting their projects listed on time with the authority. It also charged a Rs 17.70 crore penalty against the 1,048 project promoters for delaying updating the quarterly progress reports on the authority website. The authority inflicted a Rs 50 lakh penalty against 12 promoters for promoting their projects before listing them. UP-RERA has cancelled the registration of 11 projects for infringement of the act and the rules by the promoter, approved the association of apartments (AoAs) of the two projects for conducting the remaining development work of these projects and allowed the promoter and the AoA jointly for achieving four projects after a lapse of registration thereof. Image SourceAlso read: UP-RERA grants nine month completion extension to 45 projects Also read: UP RERA has decided to organise National Lok Adalat on July 10

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Infrastructure Transport

07 Oct 2025

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Infrastructure Transport

07 Oct 2025

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..