Before a builder payment, check the project collection account
UP-RERA advises allottees to pay promoters through the designated project collection account and provides an official account lookup.
A payment request can arrive through a familiar salesperson, email address or messaging thread and still need independent checking. UP-RERA advises allottees to make payments to promoters through the designated collection account of the project.
For a Greater Noida buyer, checking the beneficiary is a practical safeguard before a booking payment or instalment. The account needs to match the relevant registered project or phase, not merely contain a familiar developer name.
Match the project before the bank account
Use the registration number and phase recorded in your agreement. A developer may have several entities or phases, so a broadly similar name is not enough. Compare the designated account information with the written demand and clarify any difference through a contact channel you have independently established.
Treat changed instructions carefully
A last-minute change to a beneficiary or payment method deserves a pause. Obtain a written explanation and verify it against the project's current information. Never share a banking password or OTP with a salesperson to help them "complete" the payment. Keep control of the transaction from your own account.
Keep evidence after payment
- Save the demand letter and verified beneficiary details.
- Retain the bank reference and date of transfer.
- Obtain a receipt that identifies the correct property and instalment.
- Raise any mismatch promptly through the appropriate official process.
The bottom line
Verify both the project and the beneficiary before transferring money. Familiar branding is not a substitute for a documented payment trail.
Research context: UP-RERA. Original Propdart article published 18 September 2026.
Project status, schedules and rules may change. This article is general information, not legal, tax or investment advice.