P
Propmyna Khabri
UP RERA introduces new rules to prevent builder fund diversion
Worried about your hard-earned money getting stuck in stalled projects? Here's an important update for Noida homebuyers. UP RERA has introduced significant new rules for builders, effective May 11, 2026. This mandates three separate bank accounts for all registered housing projects in Noida and other UP cities, ensuring 70% of funds are in an escrow-style account. This move, which also bans 'assured return' schemes, aims to prevent fund diversion and protect homebuyers. Do you think this changes the market outlook for investors?
#Noida#regulatory#government-policy#fraud
Comments
Finally! This is much needed. Hopefully, ab builders humara paisa aise hi hold nahi kar payenge. Good move by UP RERA!
Haan bhai, first-time buyers ke liye toh bahut relief
Totally agree, U1! My cousin's project in Alpha I Greater Noida has been stuck for ages because of fund diversion. This rule might just save future buyers from such headaches.