Latest news with #UPRERA
Hindustan Times
30-05-2025
- Business
- Hindustan Times
Verify from our website before buying property: UP RERA to homebuyers
The UP Real Estate Regulatory Authority (RERA) has cautioned homebuyers to verify from the UP RERA before investing in a real estate project. Issuing an advisory on Thursday, the UP RERA urged homebuyers that they should collect all the information related to the promoter and the project in question. All relevant information related to a project approved by the UP RERA is available on its portal, said RERA. The homebuyer should be aware of the land of the project, the map of the project, other clearances or approvals of the project and specifications of the project, added RERA. 'It is also important for them to know about the credibility of the promoter, his reliability and his financial status. The UP RERA has provided all information about promoters on its portal,' said Sanjay Bhoosreddy, chairman, UP RERA. 'The homebuyer should go to the homepage of the RERA portal, click on 'Registered Projects' in the search link on the home page. A list of promoters and projects will open in front of him. On this page, he should search by giving the name of the promoter or the project or the registration number of the project,' Bhoosreddy added. He asserted that consumers could benefit from the RERA's regulatory work only when they themselves remain vigilant and do not invest in haste or on the basis of incomplete information. It may be pointed out that in a bid to strengthen transparency in execution of project and check misappropriation of funds, the UP RERA has made disclosure of funds collected from homebuyers mandatory for promoters to ensure transparency. The regulatory authority took the decision after getting complaints that promoters were not depositing funds received from allottees into designated 'Collection' account. After coming across several complaints related to misappropriation of funds by promoters, the UP RERA has warned stern action and legal consequences for violators. According to the Real Estate (Regulation and Development) Act, 2016, promoters are mandated to keep 70 percent of the funds received for project development in the projects' 'Separate Account' and use them exclusively for construction work. As per guidelines issued by UP RERA, every promoter must provide details of three project accounts, Collection, Separate and the Transaction accounts, on the UP RERA portal.
Time of India
30-04-2025
- Business
- Time of India
Bribery allegations: UPRERA sacks 12 employees
Lucknow: The Uttar Pradesh Real Estate Regulatory Authority announced on Tuesday dismissal of 12 members of staff on various positions, citing integrity concerns, whilst implementing enhanced internal monitoring measures. The announcement follows recent arrest of a UPRERA accountant by an anti-corruption bureau team, following a homebuyer's complaint in Greater Noida regarding bribery allegations . UPRERA chairman Sanjay Bhoosreddy confirmed the implementation of rigorous internal surveillance systems to ensure staff accountability and transparency. The authority now requires "an affidavit of integrity" from all personnel. The dismissed staff included three junior engineers, one assistant accountant, four computer operators, one help desk employee and one peon and action was taken at both, Lucknow headquarters and Greater Noida's NCR regional office. To enhance security measures, the authority installed CCTV cameras across RERA offices, with senior officers monitoring staff and visitor movements. Additionally, one case has been forwarded to the Uttar Pradesh Bar Council under the Advocates Act, 1961, demonstrating their strict stance against misconduct. Established in 2017 for homebuyer protection, UP RERA operates with a minimal workforce, maintaining effectiveness through regular training and performance assessment protocols.
Hindustan Times
29-04-2025
- Business
- Hindustan Times
12 UP RERA employees sacked over doubtful conduct in a year
In order to maintain integrity and transparency in its work, the Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has sacked 12 employees over the past one year due to their doubtful conduct, officials said. There are three junior engineers, two law clerks-cum-research assistants (LCRAs), one assistant accountant, four computer operators, a help desk employee and one peon among those sacked, officials said. According to UP RERA chairman Sanjay Bhoosreddy, an affidavit of integrity is also taken from every officer and employee in RERA. The number of officers and other staff in UP RERA is very less, although the nature of work is sensitive. The regulatory authority also provides training to all employees to improve their skills. According to the officials, CCTV cameras have been installed at all rooms in the RERA office and the movement of employees and visitors is also monitored by senior officers. Following the policy of zero tolerance towards indiscipline and misconduct, RERA has also sent a reference to the Bar Council of Uttar Pradesh in one case for action under the Advocates Act, 1961 The RERA headquarters is in Lucknow since 2017 and the NCR regional office in Greater Noida since 2018. RERA was established to fix the accountability of developers of real estate projects and to protect the interests of consumers.
Hindustan Times
28-04-2025
- Hindustan Times
RERA officer held for taking ₹5K bribe over flat dispute in Greater Noida
The anti-corruptionteam from Meerutarrested a 40-year-old accountant of the Uttar Pradesh Real Estate Regulatory Authority (RERA) for allegedly accepting a bribe of ₹5,000 in connection with a flat dispute in Sector 10, Greater Noida West, police said on Sunday. A case under relevant sections of the Prevention of Corruption Act has been registered at Beta 2 police station. The suspect has been identified as Harendra Kumar Goswami, a native of Muzaffarnagar, who was posted at the RERA office in Gamma 2, Greater Noida. Following his arrest, multiple social media post about the allegations has been widely circulated. According to the FIR, the complainant had booked a flat in his wife's name at a high-rise society in Sector 10, Greater Noida, in May 2014 and paid around ₹27 lakh through multiple payments, including a home loan. Despite waiting for six years, he did not receive possession of the flat and filed a complaint against the builder at UP RERA in February 2020, police said. 'After seven months, RERA took cognisance of the complaint and issued an order against the builder. When the builder appealed the order, the appeal was dismissed in June 2022, and RERA issued a recovery certificate (RC) against him,' the FIR stated. In response, Uttar Pradesh RERA Chairman Sanjay Bhoosreddy said, 'Goswami was in our surveillance for the past two months. Following the arrest in the bribe case, we have terminated him from the job. He was employed at RERA, Greater Noida, on a contract basis by a third party.' Police said that over the last three years, two to three RCs were issued, but the complainant later noticed that his principal amount had been reduced from ₹27 lakh to ₹25 lakh. He then approached the RERA office for correction. 'When the complainant met the suspect, Goswami, at the Gamma 2 RERA office to seek a correction, Goswami demanded ₹50,000 and instructed him to bring ₹5,000 in advance on April 26,' said Beta 2 station house officer (SHO) Vinod Kumar. The SHO added, 'Instead of paying the bribe, the complainant lodged a complaint with the Anti-Corruption team in Meerut. A trap was set, and on Saturday, when the complainant went to hand over the bribe money to Goswami, he was caught red-handed and arrested.' Based on a complaint byanti-corruption inspectorKrishnavatar Singh, a case under Section 7 (offence relating to public servant being bribed) of the Prevention of Corruption Act, 1988, has been registered against Goswami. Further investigation is underway.
