India, April 18 -- The Uttar Pradesh Real Estate Regulatory Authority has issued a public advisory warning homebuyers against misleading schemes such as 'assured returns' and 'fixed monthly rental income before possession,' stating that such offers have no legal validity. The authority urged buyers to remain vigilant and make informed decisions, reiterating that such promises lack legal sanctity unless explicitly included in RERA-compliant agreements or approved formats.

The authority said that offers like 'assured returns' or 'fixed rental income till completion' do not have legal sanctity unless explicitly provided for within RERA compliant agreements and approved formats, it said.

UP RERA said it has observed that some promoters cont...