Tamil Nadu RERA Mandates Three-Bank-Account System for Real Estate Projects from 2026
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Tamil Nadu RERA Mandates Three-Bank-Account System for Real Estate Projects from 2026

Tamil Nadu RERA will implement a three-bank-account system for real estate projects starting January 1, 2026. This regulation mandates separate accounts for collections, land/construction expenses, and transactions, aiming to safeguard homebuyers' funds. Builders must meet strict conditions, including architect and engineer certificates, for withdrawals from the designated separate account, enhancing transparency and preventing fund diversion to ensure project completion.

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