About this document
RERA Account Withdrawal Guidelines by yashkh415 is a document available to read on EtoBox.
The prescribed process for withdrawing money from RERA accounts mandates that 70% of amounts collected from allottees must be deposited in a separate escrow account for the project. Withdrawals from the escrow account can only be used to cover project costs and must be approved by an engineer, architect, and chartered accountant in proportion to project completion percentage. Various state RERAs like Haryana, Delhi, and Uttar Pradesh generally follow these guidelines without additional deviations.
- Author
- yashkh415
- Language
- EN