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BANK ACCOUNT RERA
MahaRERA cracks down on errant builders; issues notices over 8,212 projectsMahaRERA is taking strict action against over 8,000 housing projects. These developers failed to submit mandatory quarterly progress report...04 May, 2026, 03.34 PM IST- Our objective is to give houses to 22,000 homebuyers of ailing Unitech: SCThe Supreme Court is pushing for a resolution for 22,000 Unitech homebuyers. The court wants suggestions from the new board, banks, and fin...29 Apr, 2026, 09.17 PM IST
- Tamil Nadu RERA fixes a crucial gap, mandates a three-bank-account regime from January 1, 2026; know how homebuyers will benefitTamil Nadu RERA introduces a vital three-bank-account rule for real estate projects starting January 1, 2026. This system ensures homebuyer...01 Jan, 2026, 07.00 AM IST
- 'Update status or face cancellation': MahaRERA's ultimatum to over 10,000 realty projects in Mumbai, PuneMahaRERA cracked down on 10,773 delayed real estate projects. Developers must update project status within 30 days. Failure to comply risks...17 Dec, 2024, 11.46 AM IST
- 'Keep 3 bank A/Cs for each realty project'MahaRERA mandates three bank accounts in the same scheduled bank for real estate projects, ensuring compliance, efficiency, transparency, a...24 Mar, 2024, 11.38 PM IST
- MahaRERA proposes each real estate project maintains 3 bank accountsThe Maharashtra Real Estate Regulatory Authority (MahaRERA) has proposed draft guidelines requiring real estate projects to maintain three ...20 Mar, 2024, 02.43 PM IST
- UP RERA directs builder to get project account audited“Authority is conscious of the fact that sometimes change in the accounts may be necessitated and there could be conditions when even foren...12 Dec, 2023, 02.47 PM IST
- UP RERA asks builders to maintain three bank accounts for a projectThe promoter will have to provide standing instructions to the bank for auto-sweep of not less than 70% of the amount from the collection a...09 Dec, 2023, 02.20 PM IST
- UP RERA asks banks to maintain three accounts for real estate projectThe Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has requested the State Level Bank Committee (SLBC) to prevent banks from prov...14 Oct, 2023, 02.49 PM IST
- MahaRERA probe finds 1,781 bank accounts linked to multiple projects, issues noticesThe Real Estate (Regulation & Development) Act, 2016, makes it mandatory to have a single bank account for the project under one registrati...04 Mar, 2023, 12.32 AM IST
- Former cricketer Munaf Patel in trouble: Noida authorities freeze his bank accounts to recover moneyThe ex-cricketer is a director in a real estate company Niwas Promoters Private Limited, which had undertaken a residential project and fai...18 Dec, 2022, 09.07 AM IST
- UP RERA authorises homebuyers to complete Rohtas Plumeria Homes in LucknowAccording to UP RERA, the promoterAndes Town Planners Pvt. Ltd. didn’t complete the project and its promoters are presently absconding.10 Aug, 2021, 06.44 PM IST
- Developers request UP RERA to give extension to real estate projects impacted by Covid-19The developers have also demanded that the recovery proceedings on account of delay in compliance of orders, be kept suspended for further ...02 Jul, 2021, 07.42 PM IST
- UP-RERA plans to approach RBI on project disbursalsNational Real Estate Developers Council (NAREDCO) had recently raised the issue of banks not allowing developers use of project receivables...29 Dec, 2020, 08.37 PM IST
- Maintain separate bank account for project, UP RERA to developersThe fresh directions came after authority received complaints from the allottees that some of the promoters have not maintained the separat...13 Jun, 2020, 01.49 PM IST
- Don’t use 70% of home buyers’ funds to repay loansIn the normal course, lending banks and institutions get repayment of their loans from the escrow accounts opened by developers where all t...25 Apr, 2019, 10.53 AM IST
- Cosmos Bank offers interest facility for accounts opened under RERAIn this facility, after maintaining a certain balance in the account, the remaining amount is transferred to a flexi-fixed account.11 Sep, 2017, 04.25 PM IST
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