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UP RERA Warns Homebuyers: Verify Bank Accounts Before Payment
Whitehat Realty Guide
Whitehat Realty23 Oct 20265 min read
UP RERA Warns Homebuyers: Verify Bank Accounts Before Payment
UP RERA Warns Homebuyers: Verify Bank Accounts Before Payment
Whitehat Realty23 Oct 20265 min readFeatured Guide5 min read
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Project FAQs
On October 12, 2026, UP-RERA issued an advisory asking homebuyers to make property-related payments only into the designated collection account of the respective project. Buyers are also advised to verify bank 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. Homebuyers should use this account for booking amounts, instalments and other applicable property payments.
Homebuyers can visit the official UP-RERA website, search for their registered project and check its disclosed collection account details. These should match the payment instructions received from the developer before any transfer is made.
According to the advisory, homebuyers should make payments only into the designated project collection account. If a developer requests payment into another account, buyers should independently verify the details and report the request to UP-RERA.
Do not transfer money immediately. Cross-check the revised account details with the information available on the official UP-RERA portal. If there is a mismatch, seek clarification from the developer before proceeding.
Yes. The advisory covers property-related payments, including booking amounts, construction-linked instalments and other dues payable to the promoter for the concerned project.
Homebuyers can report requests to deposit money into accounts other than the designated project collection account through the reporting mechanism provided by UP-RERA. They should preserve relevant payment instructions, messages, emails and other supporting documents.