In a bid to enhance transparency and empower homebuyers, the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has introduced a revamped registration certificate for real estate projects. The new certificate, now digitally signed by the secretary, features an embedded QR code.
The redesigned registration certificate provides comprehensive details of the project, including its name, promoter’s name, registration number, duration, start and completion dates, and project addresses. Additionally, it outlines key registration conditions, such as the requirement for promoters to deposit funds in a separate bank account for construction expenses and project land costs.
Promoters are mandated by UP-RERA to prominently display the QR code-loaded registration certificate at their office and project marketing sites. This enables prospective and existing homebuyers to scan the QR code with their mobile phones and access project details, land information, approvals, and quarterly progress reports on the authority’s web portal.
Sanjay R. Bhoosreddy, chairman of UP-RERA, emphasized the significance of this new feature in promoting transparency and empowering homebuyers. Promoters are advised to incorporate the QR code on their websites, promotional materials, and social media platforms to ensure widespread accessibility of project information.
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