March 15, 2024: The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) on March 13, 2024, instructed developers in the state to furnish project registration certificates containing QR codes to both current and potential homebuyers. Recently, UP RERA revamped the registration certificate layout, now featuring a digital signature from the secretary and an embedded QR Code.
This certificate encompasses essential project details such as its name, the promoter’s name, registration number specifying the month and year, duration inclusive of start and completion dates, as well as project and promoter addresses. The QR code encapsulates vital registration conditions, like the promoter’s obligation to allocate 70% of proceeds from allottees and project finance into a designated bank account solely for construction expenses and land acquisition.
Developers are instructed by UP RERA to print and prominently display the QR code-laden project registration certificate in their office and project site marketing areas, ensuring visibility to potential and existing homebuyers from afar. Through scanning the QR code using their mobile devices, homebuyers can access comprehensive project details, including land information, approvals, quarterly progress reports, etc., via the authority’s web portal. The project registration certificate is issued in Form-C. Additionally, promoters are advised by the authority to integrate the QR code across their websites, promotional materials, brochures, standees, billboards, and social media platforms.
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