26 Mar2026
Tamil Nadu RERA Mandates Three Bank Accounts for Real Estate Projects from January 1, 2026
The Tamil Nadu Real Estate Regulatory Authority (TNRERA) has implemented new guidelines requiring promoters to maintain three separate bank accounts for each registered real estate project. This directive, effective from January 1, 2026, aims to enhance financial transparency, prevent fund diversion, and protect homebuyer interests by ensuring stricter monitoring of project funds.
Source: BookNewProperty