This is not possible with RERA, since 70% of the funds raised need to be deposited in a separate bank account. These funds can be withdrawn only after certification by an engineer, a chartered accountant and an architect.Advance payment: As per the rules, a builder cannot take more than ...
8. 70% of the money collected from the buyer will be kept in separate escrow account for the Development of the same project 9. No Pre-launch sales without any approvals/sanctions from the local authorities 10. Sale of properties on the basis of Carpet Area only 11. Penalty on False Adv...
8. 70% of the money collected from the buyer will be kept in separate escrow account for the Development of the same project 9. No Pre-launch sales without any approvals/sanctions from the local authorities 10. Sale of properties on the basis of Carpet Area only 11. Penalty on False Adv...