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MahaRERA Mandates Builders To Maintain Three Separate Bank Accounts For Every Project From July 1
Aryan Raj
4 July 2024 5:45 PM IST
Maharashtra Real Estate Regulatory Authority (MahaRERA) has mandated builders/developers to maintain three separate bank accounts for each project: the Collection Account, the Separate Account, and the Transaction Account, starting from July 1. This decision follows the release of a discussion paper on the maintenance and operation of bank accounts for registered projects,...
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