UP RERA Pays ₹73.84 Lakh Interest to Homebuyers Over Delayed Recovery Certificate Payments
Lucknow, Uttar Pradesh | September 22, 2026: Homebuyers waiting for money recovered from builders through UP RERA recovery certificates are getting an additional financial benefit, with the authority paying ₹73.84 lakh in interest across around 430 complaints where recovered funds remained in bank accounts before being disbursed.
The interest relates to the period during which the recovered money remained deposited and pending payment to eligible complainants, giving homebuyers an additional amount beyond the principal recovered from promoters.
What Changed for RERA Complainants
UP-RERA has so far paid ₹73,84,269.03 in interest to complainants whose recovered amounts remained pending in bank accounts before disbursement.
The payments cover approximately 430 complaints.
The authority said the interest is calculated based on the actual period for which the recovered amount remained deposited in the bank before it was paid to the concerned complainant.
How Recovery Certificate Payments Work
UP-RERA issues Recovery Certificates (RCs) against promoters or builders after passing orders in eligible complaints.
The amounts are subsequently recovered through the Revenue Department and deposited into bank accounts maintained for payment to the concerned complainants.
The process can take longer in cases where complainants have not submitted required documents, including affidavits.
During this waiting period, the recovered money remains deposited with the bank.
Why the ₹73.84 Lakh Interest Matters
The latest payments mean that eligible complainants are not limited to receiving only the amount recovered from the promoter.
Interest earned while the recovered funds remained deposited is also being passed on where applicable.
For homebuyers who have already spent years pursuing recovery, the additional payment provides a financial benefit for the period between recovery of the money and its eventual disbursement.
The authority has based the calculation on the actual period of delay in disbursement, rather than applying a uniform interest period.
What Homebuyers Should Know
The interest payment is particularly relevant to complainants whose recovery amounts were held pending completion of documentation.
Homebuyers involved in recovery proceedings should therefore ensure that required documents are submitted to the authority or concerned department so that recovered amounts can be processed for disbursement.
Key documents may include:
- Required affidavits
- Documents requested for disbursement
- Complaint and recovery certificate details
- Bank/payment information where required
The exact documentation requirements can vary by case.
UP RERA Says Recovered Funds Should Reach Buyers Faster
UP-RERA Chairman Sanjay Bhoosreddy said the move is intended to protect the financial interests of complainants and maintain transparency in the handling of recovered funds.
The authority said it is also working to ensure that amounts recovered through recovery certificates are paid to complainants in a timely manner.
That makes the disbursement stage an important part of the recovery process, rather than treating recovery of money from the promoter as the final step.
What This Means for Property Buyers
For homebuyers fighting delayed possession, refunds or other monetary claims through RERA, the development highlights an important financial aspect of recovery proceedings.
The key takeaway is that when recovered money remains deposited before reaching an eligible complainant, the interest accrued during that intervening period can also be passed on under the authority's stated process.
For affected buyers, keeping documentation complete and responding promptly to disbursement requirements can help avoid additional delays.
What Happens Next
UP-RERA will continue processing recovered amounts and eligible interest payments linked to pending disbursements.
For complainants with recovery certificates, the next important step is ensuring that all required documentation is submitted so that recovered funds and applicable interest can be released without further avoidable delay.