By Bricksnwall | 2026-06-04
UP RERA warns buyers against false claims of
paucity of housing stock, price rise, says about 1.15 lakh available at
present
UP RERA said that more than 1.15 lakh
residential and commercial units are now available for sale across the state
and appealed to homebuyers to take educated judgments while buying rather than
being misled by false marketing, rumours or pressure selling methods.
“The authority warned buyers against the
claims made by promoters and agents that property prices were set to rise
sharply or that the inventory available was fast depleting, saying such claims
were often used to create a false sense of urgency,” the report said.With the
proper availability of residential and commercial units in the market, the
buyers should be protected from coercive practices, false advertising or the
offer of quick profits. “They should only select properties after due diligence,
prudence and careful consideration,” the agency said in a statement.
Such assertions are often made to generate a
pressure on the customers to book immediately. “There is no indication of
shortage of inventory in the market on the basis of data available at present,”
UPRERA said in a statement.
The Uttar Pradesh Real Estate Regulatory
Authority has encouraged home buyers and investors to take real estate
investment decisions after evaluating entire information, due diligence and
financial capacity.
It warned home buyers against making
selections “based on misleading claims, an artificially created sense of
scarcity, or undue urgency. “With a significant number of units already on the
market, buyers have plenty of opportunity to compare different projects and
choose the one that best suits their needs.”
Some promoters or agents try to persuade
prospective purchasers that property values are poised to grow substantially in
the near future or that the current inventory in the market will soon be
exhausted. Such allegations are routinely exploited to pressurise customers
into making urgent bookings,” it said.
UPRERA said the data available at this time
does not show any evidence of inventory shortfall in the market.
UPRERA reports that now there are more than
1.15 lakh residential and commercial units in the state’s real estate sector.
These units comprise flats, villas, plots, stores, office spaces and other
sorts of commercial buildings. The inventory on hand shows that purchasers have
a nice assortment to pick from to fit their needs and budgets.
West zone has the most stock
The available data shows that the Western
zone comprises around 55 per cent of the total inventory in the state, which is
more than 60,000 units. “This region continues to be a major hub of real estate
activity with a large number of units available for sale across various project
categories,” it stated.
The Central zone has around 35% of the
overall available inventory with over 40,000 units accessible now. There are
also about 15,000 units available in the Eastern zone. It stated this clearly
shows that all main regions of the state have good availability of residential
and commercial properties.
Check the specifics of the property project
on the RERA portal before investing.
UPRERA has recommended the purchasers to
check the crucial data before investing in any project including RERA
registration of the project, track record of the promoter, approved map
layouts, construction progress QPR and possession timeline.
“All such information is available on the RERA portal, aiding buyers in making more informed and secure decisions,” it said.
Source: Hindustan Times