MahaRERA’s latest directive for both consumers and builders to open three separate accounts within the same bank for each project comes as a relief for both buyers and sellers. Let’s delve into the details of this significant change.

The Real Estate Regulatory Authority of India (RERA) was established in May 2017 to enhance transparency in the real estate industry. Its primary goal is to make the home-buying process more transparent and address issues faced by homebuyers, builders, brokers, and other stakeholders.