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RCs worth Rs 1,200 crore resolved since 2018: UP-RERA chairman

Dated on: Friday 30th June 2023

Rajive Kumar, the chairman of the Uttar Pradesh Real Estate Regulatory Authority (UP RERA), announced that a total of Rs 1,200 crore worth of recovery certificates have been successfully resolved in the state since 2018. The resolution of these certificates involved both recovery actions and mutual consent between builders and homebuyers. In the 2022-23 fiscal year alone, recovery certificates worth Rs 394.26 crore were resolved. Kumar shared this information during the 125th meeting of the UP RERA, which coincided with his last working day as the chairman of the authority.

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