Updates on Real Estate (Regulations & Development) Act, 2016
Ashwin Shah
Discussion Paper issued by MahaRera dated 15-03-2024 for inviting suggestion/updates on operation and maintenance of RERA Bank Account (RBA)
MahaRera has issued revised guidelines on operation and maintenance of RBA for project. MahaRera has invited suggestion/ comments from public and the last date of sending suggestion/objections is 15th April 2024.
The Revised Guideline on operation of RBA (hereinafter referred to as Guideline) shall apply to all the project registered on or after date which shall be notified by Maharera.
The Guidelines prescribe three Bank Account namely
Collection Account – which is to be used only for the co.......