UP RERA pays Rs 73.84 lakh interest on recovered money to about 430 complainants

By ADiHomes Published September 21, 2026 2 min read

Watercolour illustration of envelopes, a seal and a closed cheque book on a government desk

Contents

What UP RERA did

In a press release dated 21 September 2026, UP RERA said it had paid about Rs 73.84 lakh to roughly 430 complainants. The money is the interest earned on recovered funds while they remained in bank accounts before being paid out to homebuyers.

How the process works

UP RERA passes an order, such as a refund with interest or delay compensation.
If the promoter does not pay, the authority issues a recovery certificate.
The district revenue department recovers the money from the builder, as arrears of land revenue, and deposits it in bank accounts.
The money is released to complainants once they submit required documents such as affidavits. Delays in submitting these can hold up payment.
Interest is calculated for the exact period the money stayed in the bank and is now being passed on.

UP RERA’s chairman said the step was meant to protect complainants’ financial interests and ensure recovered money is handled transparently. The release was issued from Lucknow and Gautam Buddh Nagar.

Why it matters for NCR buyers

Many Noida, Greater Noida and Ghaziabad homebuyers hold UP RERA orders for refunds or delay interest that builders have not honoured. Recovery certificates are the enforcement route, but recovery can take months or years. This step means that once money is recovered, delays in paying it out do not cost complainants the interest.

In August UP RERA also introduced an email system that notifies parties when the status of an order or recovery certificate changes.

What to do if you have a UP RERA order

Check whether a recovery certificate has been issued and to which district it was sent.
Submit affidavits and bank details promptly when asked; missing documents are a common cause of delay.
Register your email so you receive status updates.
Follow up with the district collectorate’s recovery section if nothing moves.

The amount per complainant is small – on average under Rs 20,000 – but the principle matters: money recovered on a buyer’s behalf earns interest that belongs to the buyer, not to the system that holds it.