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UP-RERA Advisory 2026: Verify Bank Accounts Before Property Payments
Whitehat Realty Guide
Whitehat Realty28 Oct 20265 min read
UP-RERA cautions homebuyers: Verify project bank accounts before property payment
UP-RERA Advisory 2026: Verify Bank Accounts Before Property Payments
Whitehat Realty28 Oct 20265 min readFeatured Guide5 min read
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The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) issued an advisory on October 12, 2026, urging homebuyers to make property-related payments only into the designated collection account of the respective real estate project. Buyers are also advised to verify account details through the official UP-RERA portal before transferring money.
A designated collection account is the bank account specified for receiving payments related to a particular real estate project. It is used to collect booking amounts, instalments and other applicable property payments from homebuyers.
Homebuyers can visit the official UP-RERA website, search for their registered real estate project and review the available project bank account details. They should compare the designated collection account information with the payment instructions received from the developer before transferring funds.
According to the October 2026 UP-RERA advisory, homebuyers should make project-related payments into the designated collection account. If a builder requests payment into another account, buyers should independently verify the instructions and report the request to UP-RERA where appropriate.
Verifying the collection account helps reduce the risk of transferring money to an incorrect or unauthorised bank account. It also encourages financial transparency and helps homebuyers maintain greater control over their property payments.
Yes, the advisory covers property-related payments, including booking amounts, construction-linked instalments and other applicable dues. Homebuyers should verify the designated project collection account before making these payments.
If a builder provides bank details that differ from those listed on the UP-RERA portal, the buyer should avoid transferring funds until the discrepancy is clarified. The buyer should also retain the payment instructions and report requests involving alternative accounts to UP-RERA.
Homebuyers can report such requests through the dedicated reporting facility on the official UP-RERA website. They can provide information about the project, developer and alternative account requested for payment.