Banks must verify builder RERA compliance for withdrawals: Department of Financial Services
The move comes after Haryana Real Estate Regulatory Authority (HARERA) made a recommendation to the secretary DFS to issue instruction to all banks to ensure compliance of RERA norms while allowing withdrawal of funds from RERA accounts by promotors of real estate projects.
Department Of Financial Services Department Of Financial Services On Haryana Real Estate Regulatory Authority Mohua Ministry Of Housing Union Finance Ministry Financial Services
Source: moneycontrol.com