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Maha RERA- 70% Rule -Illustration

Real Estate Regulation Act(RERA) Requires every Promoter(i.e, Builder) to set a side 70% of total receipt from Customer. This Amount can be withdrawn by CA+Architect+Engineers Certificate. Article shows illustration how to calculate Quantum of Amount that can be Withdrawn from such 70% a/c for Ongoing Project & New Project.

Categories: Corporate Law
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