Nearly 77% of Ghaziabad’s UP-RERA-issued certificates were recovered.

GHAZIABAD: Approximately 77% of recovery certificates (RCs) issued by the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) to defaulting developers in Ghaziabad have been successfully recovered.

This achievement marks the city as having the lowest pendency rate for realizing recovery certificates in the state.

Data from the Board of Revenue reveals that Ghaziabad has a pendency rate of just 23%, significantly lower than the 72% in Gautam Buddh Nagar (GB Nagar) and 94% in Varanasi.

The RCs, issued by UP-RERA, are executed and enforced by the respective district administrations.

“Over the years, UP-RERA issued 699 recovery certificates against developers, which were sent to us for execution. Of these, we have successfully realized 699 RCs amounting to ₹204.47 crore.

Currently, 365 RCs worth ₹94.31 crore remain pending, constituting only 22.93% of the total. In comparison, GB Nagar has a pendency rate of 72.21%, while Varanasi stands at 94.05%,” an official from the district magistrate’s office stated.

GB Nagar leads the state in terms of the number of RCs issued and the amount recovered. The district has recovered 1,226 RCs worth ₹405.03 crore, making it the highest in the state, with Ghaziabad in second place.

However, data also indicates that GB Nagar faces a higher pendency burden, with 4,071 RCs worth ₹1,512.9 crore still unresolved. This high pendency rate is largely due to the district accounting for the majority of cases filed with UP-RERA.

“In comparison, Ghaziabad has fewer projects than GB Nagar, which results in a smaller number of cases being registered with UP-RERA.

Despite this, Ghaziabad holds the top position in terms of aiding homebuyers in recovering the highest percentage of RCs in the state. Moving forward, we aim to reduce the pendency rate even further next year,” the official added.

Discussing challenges faced during the execution of RC orders, the official explained, “In numerous instances, the official addresses of developers are located in other districts or even outside the state, although the projects are in Ghaziabad.

In such cases, the local administration lacks jurisdiction to enforce the orders directly. All we can do is refer the case to the appropriate district administration, which often causes delays.”

Meanwhile, Lucknow has managed to recover only 423 RCs worth ₹88.74 crore, while 600 RCs worth ₹88.65 crore remain pending with the district administration.