25-07-2025
UP RERA ensures recovery of Rs 1,410 crore for homebuyers
The
Uttar Pradesh Real Estate Regulatory Authority
(UP
RERA
) has ensured recovery of Rs 1410 crores in 5700 matters.
According to the authority, Rs 861 crore in 3053 matters has been recovered between August, 2023 to 15th July, 2025. This is about 61% of the total amount recovered so far. The momentum of recoveries is continuously increasing as reflected from recovery of Rs 380 crore during 2023,
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Rs 463 crore during 2024 and Rs 251 crore during year 2025 so far.
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The recovery in corresponding period in the year 2024 was Rs 244 crore.
In addition to the direct recoveries through the concerned District Magistrates, approximately 1650 recovery certificates have been settled mutually between the promoters and the allottees.
U.P. RERA
has also ensure settlement in another 8500 matters having estimated value of Rs 3320 crore involving both matters of refund and possession of houses during the execution proceedings or through its conciliation forums established at Lucknow and Greater Noida.
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In total, the claims of 15850 allottee-complainants amounting to Rs 5180 crore have been settled either through the recovery or through settlement between the promoters and the allottees or settlement between the parties during the enforcement proceedings before the RERA Benches or through conciliation before the Conciliation Forum.
'This increase in recoveries has been ensured through monthly reviews with the concerned District Magistrates and also by applying pressure upon the defaulting promoters,' said Sanjay Bhoosreddy, Chairman, U.P. RERA.
