Many homebuyers struggle to receive refunds.

Many homebuyers struggle to receive refunds, a relief promised by UP-Rera.

Since 2018, only 5% of RCs granted by the real estate ombudsman have been recouped.

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Section 40 (1) of the UP Rera Act and Rule 23 of the UP-Rera Rules are the two provisions under which RCs are issued.

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According to Rera officials, the execution of RCs increased after the pandemic.

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The Noida government recovered Rs. 196 crore this year.

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RCs are also settled by the developer and the home buyer agreeing upon a solution.

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The Rera has distributed over 8,800 RCs totaling about Rs 2400 crore.

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