LUCKNOW, April 18 -- Taking serious note of misleading promotional schemes and 'assured return' offers by developers, the Uttar Pradesh Real Estate Regulatory Authority (UP RERA) on Friday issued a public advisory cautioning homebuyers that such promises have no legal validity. The authority warned that offers such as "assured returns" and "fixed monthly rental income before possession" are often not enforceable under the law, and urged buyers to exercise caution while investing in real estate. "UP RERA is continuously monitoring the sector to curb misleading practices and protect buyers' interests," chairman Sanjay Bhoosreddy said. "Homebuyers should remain cautious of promotional offers like assured returns or fixed rental income, as these are often not legally enforceable under UP RERA. Buyers must rely only on verified information available on the official portal and ensure that all transactions and agreements comply with prescribed norms," he added. Referring to the Real Estate (Regulation and Development) Act, 2016, UP RERA said misleading advertisements and false commitments violate regulatory provisions....