4. Builders Beware! ₹2 Crore Penalty for RERA Non-Compliance

"In this video, we discuss a real RERA case where non-compliance with the separate bank account rule resulted in a massive ₹2 crore penalty. As per the provisions of the Real Estate (Regulation and Development) Act, 2016, promoters must deposit 70% of project funds into a designated RERA account. We explain how this rule works, common mistakes made by builders, and key compliance tips for promoters and Chartered Accountants. This video is highly useful for real estate professionals, developers, and consultants who want to avoid heavy penalties and maintain proper financial discipline under RERA regulations."
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⚠️ Disclaimer:
"This video is created for educational and informational purposes only. It is based on publicly available information and practical interpretation of RERA provisions. It should not be considered as legal or professional advice. Viewers are advised to consult their professional advisor before taking any decision. The creator is not responsible for any actions taken based on this content."

Видео 4. Builders Beware! ₹2 Crore Penalty for RERA Non-Compliance канала GAUTAM THAKOR