Summary of Recovery Certificate (RC) issued by UP RERA against builders to the tune of Rs. 185 crores

UP RERA Recovery Certificate (RC)

UP RERA came into force in 2016 in the Uttar Pradesh and since then it has heard cases in thousands. The UP RERA Authority has issued RC to the tune of Rs. 185 crores as on 18/05/2019 against builders who have defaulted in delivering their promise of providing dream homes to individuals.


It is clearly laid down under section 40(1) of the Act, that order once passed has to be executed in the same way as it is been done under Land revenue Act. Recovery under land revenue is an altogether a different ball. In order to get due recovered under land revenue, a recovery certificate is issued by the concerned department or Authority as the case may which further is then sent to the SDM or DM in whose jurisdiction the property vests. RC issued can also lead to arrest of Builders.



Also read:
1. UP RERA de-registers 7 builders
2. SC says "You are out of Noida" to Amrapali Group


Here is a summary of RC issued by UP RERA in past 3 years, followed by detailed list of aggrieved and builders against whom the RC is issued.



S.No.City/DistrictAmount of RC%age
1Gautam Budh Nagar1,613,733,977.1887.31
2Lucknow116,026,870.546.28
3Ghaziabad60,674,548.573.28
4Agra36,303,268.341.96
5Allahabad, Varansi, Jhansi, Bareily, 21,630,041.151.17
 Ghazipur, Mathura, Meerut  
  1,848,368,705.78100
As you can clearly see in the table that out of Rs. 185 crores,almost 88% i.e. Rs. 161 crores pertains to Gautum Budh Nagar only and remaining 12% or Rs.24 crores for all other cities in UP where there have been RERA cases against builders.

Find the detailed list of builders and parties to whom a favorable order has been issued under UP RERA, 👉here.

Comments

  1. You have shared very helpful information to us.

    ReplyDelete
  2. Thanks for the update. I really appreciate the efforts you have made for this blog.
    All the best !!!

    phuket real estate

    ReplyDelete
  3. This is a big help and support for the execution of Orders issued by UP RERA to get RC issued and get the defaulting builder even imprisoned.

    ReplyDelete


  4. Pls let me know on below points.

    How much time does it takes to issue RC after execution of order .

    How much time DM takes to recover the amount from builder

    ReplyDelete

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