As of my last knowledge update in January 2022, I don't have the latest information on specific regulations or advisories issued by the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) after that date. Therefore, it's essential to verify the most recent guidelines directly from UP-RERA or other authoritative sources.
However, as of my last update, its common for real estate regulatory authorities to recommend or require that promoters (developers) and home buyers execute a registered agreement for sale before certain financial milestones are reached. These agreements typically outline the terms and conditions of the property transaction, including the payment schedule.
If UP-RERA has advised that a registered agreement for sale should be executed before the promoter can demand more than 10% of the unit cost or before the allottee (home buyer) can pay any amount over 10% of the unit cost, it likely aims to protect the interests of home buyers by ensuring that there is a legal framework in place before substantial payments are made.
To get the most accurate and up-to-date information, its recommended to check the official website of UP-RERA or consult legal professionals well-versed in real estate laws in Uttar Pradesh.