Tag: #GujaratRealEstate

Gujarat RERA Introduces New Banking Rules for Developers.

December 24, 2024

AHMEDABAD: The Gujarat Real Estate Regulatory Authority (GujRERA) has unveiled a set of new banking regulations, which will take effect starting January 1, 2025. These updated rules mandate that developers maintain three distinct bank accounts for each project, a move aimed at enhancing transparency in financial transactions within the real estate sector. Under the revised […]

Gujarat RERA Introduces New Banking Rules for Developers.more

Gujarat RERA Halts Over 1,000 Project-Linked Bank Accounts.

July 4, 2024

In a significant setback for developers throughout Gujarat, over 1,000 real estate project-linked bank accounts have been frozen by the Gujarat Real Estate Regulatory Authority (GujRERA) due to non-compliance issues. Developers of these projects failed to meet Quarter-End (QE) compliances by not updating the project completion status with GujRERA within the specified deadline or seeking […]

Gujarat RERA Halts Over 1,000 Project-Linked Bank Accounts.more

Tag: #GujaratRealEstate

Gujarat RERA Introduces New Banking Rules for Developers.

Gujarat RERA Halts Over 1,000 Project-Linked Bank Accounts.

Sign Up for our Free Newsletter