What is the 70 pc and 30 pc rule of RERA and why homebuyers and investors should know it
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.
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.
