RERA’s 70:30 rule mandates developers deposit 70% of buyer funds into an escrow account for construction and land costs, with the remaining 30% for project expenses. This financial discipline protects homebuyers’ investments and ensures timely project completion by preventing fund diversion.
Related Posts
Cyclone Shakti: Season’s 1st storm over Arabian Sea; currently near Gujarat’s Dwarka
The season’s first cyclonic storm, ‘Cyclone Shakti,’ has intensified in the Arabian Sea, currently west-southwest of Gujarat. While it will strengthen into a severe cyclonic […]
Shikhar’s reel with rumoured girlfriend Sophie goes viral – Watch!
Shikhar Dhawan’s Instagram reel featuring his rumoured Irish girlfriend, Sophie Shine, has gone viral, showcasing their playful chemistry in Punjabi attire. This comes after Dhawan […]
Haryana: JJP leader Ravinder Minna shot dead in Panipat
JJP leader Ravinder Minna was shot dead in Panipat on Friday, with his cousin and another person also injured in the attack. Five police teams […]