The U.P. Real Estate Regulatory Authority (U.P. RERA) has introduced significant changes through its 7th Amendment to the U.P. RERA (General) Regulations, 2019, aimed at improving project transparency, promoter accountability, and streamlining registration, extension, transfer, and marketing processes.

1. Enhancements in Promoter Disclosures (Regulation 3):
   Promoters must now disclose updated contact details of professionals such as architects, engineers, and CAs, along with a toll-free number or helpline. Progress reports must be digitally signed.
2. Strengthening of Registration Process (Regulation 4):
   The registration process now mandates creation and updating of promoter profiles, including financial documents, project-specific email addresses, and agreements with real estate agents. Possession offers must align with U.P. RERA’s May 2024 order.
3. Clarification in Wording (Regulation 42):
   The phrase “before it” is replaced with “during the pendency of hearing” for better legal clarity.
4. New Regulation 49 – Extension of Registration:
   Promoters must now pay a late fee if extension applications are delayed, ranging from ₹10,000 (≤3 months delay) to ₹80,000 (9–12 months delay). In cases where extension exceeds legal limits under Section 6, additional requirements include ₹1 lakh fee, >50% allottees’ consent, and a no-sale affidavit.
5. New Regulation 50 – Transfer of Rights under Section 15:
   Covers project transfers through sale, merger, or amalgamation. Promoters must pay twice the original registration fee, seek prior in-principle approval, and update promoter details within 30 business days. Non-compliance may attract penalties and cancellation.
6. New Regulation 51 – Withdrawal of Project Registration:
   Allows promoters to apply for project withdrawal if implementation is no longer feasible. Requires payment of the original registration fee and evaluation after hearing all stakeholders.
7. New Regulation 52 – Marketing and Promotion Standards:
   Promotional materials must clearly mention the RERA registration number, U.P. RERA website, QR code, project launch date, and collection account number.
8. New Regulation 53 – Mandatory Bank Account Structure:
   Promoters must open three distinct bank accounts in a Scheduled Bank within the project district:

• Collection Account
• Separate Account (70% fund transfer daily)
• Transaction Account (30%)
  All allottee payments must go into the Collection Account. Financial details to be disclosed quarterly and annually.

9. New Regulation 54 – Real Estate Agent Certification:
   A mandatory short-term training programme has been introduced for all real estate agents. Certification is required before granting new registrations or renewals. Existing agents must also comply.