UP RERA asks buyers to pay builders only into the project’s designated collection account

By ADiHomes Published October 13, 2026 2 min read

Watercolour illustration of hands with a phone and passbook beside a model house, a crane outside

Contents

The advisory

On 13 October 2026 the Uttar Pradesh Real Estate Regulatory Authority (UP RERA) issued a public advisory asking homebuyers in the state – including Noida, Greater Noida, the Yamuna Expressway and Ghaziabad – to deposit payments for a flat, plot or shop only into the designated collection account of the specific project.

The regulator gave three precautions:

Pay only into the collection account specified for that project.
Check the bank account details on the official UP RERA portal before making a transfer.
If the promoter or anyone on its behalf asks you to pay into a different account, report it to the authority through the portal.

Why this matters

Under the RERA Act, money collected from buyers of a registered project must flow through accounts tied to that project, and a large share must be kept in a separate account to be used only for its land and construction cost. Diversion of buyer money to other projects or group companies was one of the main reasons many Noida and Greater Noida projects stalled in the 2010s – the same projects now being revived through NBCC, insolvency processes and the Amitabh Kant committee package.

Paying into the wrong account can also weaken a buyer’s position later: if a project goes into insolvency, proving that money was paid towards that specific unit is simpler when it reached the registered project account.

How to follow the advice

Open the project’s page on the UP RERA portal using its registration number (it starts with UPRERAPRJ) and note the bank, branch and account listed.
Match those details against the demand letter or payment link sent by the builder; if they differ, ask in writing why.
Avoid paying booking amounts, “EOI” cheques or cash to channel partners. Payments should be in the name of the promoter’s project account.
Keep receipts that name the unit number and project.

The advisory does not mention new penalties, but diversion of funds is already a violation under the RERA Act and a ground for complaints.

The advisory follows other buyer-facing measures from UP RERA this year, including a July direction that promoters must offer possession within two months of receiving a completion certificate, and an August mechanism that emails parties when the status of an order or recovery certificate changes.