Uttar Pradesh (UP RERA) May 11, 2026

UP RERA Releases 3rd Revision on Project Account Directions for Strict Escrow Controls

The authority has updated its structural banking framework, tightening rules around the mandatory 70% project escrow collection system to prevent any capital diversion across NCR construction sites.

Under the new 3rd Revision parameters, banks hosting developer accounts must adhere to strict tracking mechanisms. Fund allocations can only proceed when matched side-by-side with physical development indices verified under strict engineer-architect-auditor signed sign-offs. This directly addresses historical cash-flow challenges in regional expansions, assuring massive capital safety nets.

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