The Uttar Pradesh Real Estate Regulatory Authority (UPRERA) has consistently taken steps to protect homebuyers and ensure greater transparency in real estate transactions. In recent times, the authority has enacted several new regulations aimed at curbing fraudulent practices and ensuring that homebuyers receive the rights and services promised to them. Below, we discuss these pivotal developments and their implications for the real estate sector in Uttar Pradesh.

Mandating QR Codes for Transparency in Project Information

In an effort to increase transparency and empower homebuyers, UPRERA has mandated that all real estate developers include unique QR codes on their project documents. Each new project registered under UPRERA will be assigned a unique QR code at the time of registration. These codes must be prominently displayed on all project-related documents, including brochures, booking forms, and builder-buyer agreements.

This initiative enables potential buyers to instantly access vital project details. By simply scanning the QR code with a mobile phone, buyers can retrieve accurate, up-to-date information about the project from UPRERA’s official portal. This system ensures that homebuyers are no longer solely reliant on advertisements or promotional materials that may omit or distort important facts.

Furthermore, UPRERA requires developers to ensure that the RERA registration number, QR code, and other critical details like the project’s collection account number are prominently featured in all forms of advertisements—be it print, digital, or radio.

Diagram: Project Transparency Workflow with QR Codes

Ensuring Possession Only After Amenities Are Ready

One of the most significant grievances homebuyers face is the conditional possession of flats, where developers hand over units even when amenities and services are incomplete. UPRERA has taken a strong stance against this practice, asserting that developers must offer possession only after fulfilling all commitments as outlined in the sale agreement.

This policy aims to protect homebuyers from being pressured into accepting unfinished units or being forced to sign additional agreements that alter the terms of the original contract. UPRERA has warned that any conditional possession agreements are in violation of both the RERA Act and the principles of natural justice. Developers must adhere strictly to approved maps, layouts, and other contractual obligations, ensuring that all amenities are in place before handing over possession.

Strict Actions Against Developers Failing to Upload Land Records

To further protect homebuyers from fraudulent activities, UPRERA has scrutinized 400 housing projects where developers failed to upload mandatory documents such as land records or project maps on the RERA portal. This violation is especially concerning as it leaves homebuyers vulnerable to misinformation about a project’s legal status or land ownership.

UPRERA has issued a stern warning to these developers, threatening to place their projects on an “abeyance list” if they do not comply. This measure not only alerts potential buyers but also safeguards them from possible fraudulent practices. It also demonstrates UPRERA’s commitment to holding developers accountable for maintaining transparency in their dealings.

Mandating Registered Agents for Real Estate Transactions

In a bid to eliminate deceptive practices by real estate agents, UPRERA now requires that all sales and purchases of real estate projects be conducted through agents registered with the authority. Unregistered agents have often been found guilty of providing misleading information, resulting in financial losses for homebuyers.

The regulatory body has emphasized that transactions made through UPRERA-registered agents are secure and that any aggrieved parties can file complaints if they encounter any false or misleading information. Additionally, UPRERA has introduced a training and certification program for real estate agents to improve their professionalism and credibility. This initiative not only protects homebuyers but also enhances the standards of the real estate industry.

Read More: Mandatory Training and Certification for Real Estate Agents by UP RERA

Revival of Stalled Housing Projects

Perhaps one of the most ambitious initiatives undertaken by UPRERA is the revival of stalled housing projects. The authority is currently working to revive 10,000 housing units that have been delayed due to a variety of reasons, including financial impropriety, siphoning of funds, and loan defaults. UPRERA has identified 17 projects, valued at ₹2,000 crore, where work has been halted due to such issues.

UPRERA is collaborating with promoters, financial institutions, and agents to create a comprehensive road map for reviving these projects. This effort is aimed not only at protecting homebuyers who have invested in these projects but also at restoring confidence in the real estate market as a whole.

UPRERA’s recent actions demonstrate its unwavering commitment to protecting homebuyers and enhancing transparency in the real estate market. By enforcing regulations that ensure timely possession, complete documentation, and professional agent conduct, UPRERA is setting new standards for the real estate industry in Uttar Pradesh. For homebuyers, these developments provide much-needed security and peace of mind, knowing that their investments are safeguarded by a robust regulatory framework.