Rajasthan RERA Directs Builders To Submit Detailed Architectural Drawings And Open Separate Bank Accounts
6 months, 1 week ago

Rajasthan RERA Directs Builders To Submit Detailed Architectural Drawings And Open Separate Bank Accounts

Live Law  

Rajasthan Real Estate Regulatory Authority has directed builders/promoters to submit architectural drawings while applying for a Completion Certificate/Occupancy Certificate and to open three separate bank accounts. The directive requires promoters to submit detailed architectural drawings when applying for a Completion Certificate/Occupancy Certificate in the Post Registration module. The directive also mandates the opening of three separate bank accounts for each project. These accounts are to be categorized as Collection Account, Retention Account, and Promoter's Account, each named to reflect the promoter's and project's names in this format: Collection Account: Promoter's name – Project's name – Collection Account Retention Account: Promoter's name – Project's name – Retention Account Promoter's Account: Promoter's name – Project's name – Promoter's Account No F1 RJ/RERA/2019/ 687

Account Collection Account Retention Account Separate Bank Accounts  accounts  separate  projects  detailed  directs  bank  regulatory  rera  builders  retention  drawings  submit  account  floors  rajasthan  promoters  open

History of this topic

MahaRERA Mandates Builders To Maintain Three Separate Bank Accounts For Every Project From July 1
5 months, 2 weeks ago

MahaRERA Mandates Builders To Maintain Three Separate Bank Accounts For Every Project From July 1

Live Law  

Maharashtra Real Estate Regulatory Authority 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. Three Bank Accounts for Every Project Collection Account of Project Builders are required to maintain a Collection Account of the Project in a scheduled bank for each registered project. …

Consumer Cases Weekly Round-up: 11th to 17th March 2024
9 months ago

Consumer Cases Weekly Round-up: 11th to 17th March 2024

Live Law  

National Consumer Disputes Redressal Commission Booking Commercial Space For Self-Employment Business Deemed As Commercial Purpose : National Consumer Commission The National Consumer Disputes Redressal Commission, presided by Justice Ram Surat Maurya and Bharatkumar Pandya, in a complaint against MVL Holding Ltd ruled that commercial space booked for doing business by way of self-employment comes under the definition of commercial purpose. …

UP-RERA Introduces Digitally Signed QR-Coded Project Registration Certificate
9 months, 1 week ago

UP-RERA Introduces Digitally Signed QR-Coded Project Registration Certificate

Live Law  

The Uttar Pradesh Real Estate Regulatory Authority has introduced digitally signed QR-coded project registration certificates and directed builders to prominently display these certificates featuring QR codes at both corporate and project site offices. Certificates will contain essential project details such as the project name, builder's name, registration number, duration, start and completion dates, project addresses, and key conditions of registration, …

Discover Related