UP RERA: Pay only into project's official collection account
Regulator warns homebuyers to avoid unofficial payment channels and use only designated builder accounts to protect investments.
Regulatory news brief. Originally reported on 12 October 2026 by Hindustan Times. Figures are attributed to the source report; verify project-specific facts on UP RERA (up-rera.in) and IGRSUP (igrsup.gov.in) before acting.
UP RERA has issued guidance to shield Noida homebuyers from fraud risk. Making payments to unauthorized accounts, whether cash, cheque, or digital, puts your money at risk and may not count toward your legal rights. Always verify the builder's official collection account before remitting any sum.
Why is UP RERA warning about payment safety now?
Unauthorized payment channels expose homebuyers to misappropriation and leave no regulatory protection if funds disappear. By directing payments only to the project's designated collection account, which builders must declare to UP RERA, the regulator creates a verifiable audit trail and ensures funds are held in compliance with statutory rules. This step protects both your money and your legal claim on the property.
What should a Noida buyer do before making any payment?
Always ask the builder or seller for the official collection account details in writing, cross-check them against the UP RERA project registration (available on the regulator's website), and avoid cash payments or cheques made to individuals. If you are unsure, contact UP RERA directly or consult a registered advocate before transferring funds. Keep receipts and bank confirmations for every payment you make.
