https://www.taxtmi.com/article/detailed?id=7359 The Real Estate Act mandates registration of projects and agents, requires promoters to deposit 70% of receipts into an escrow account for construction and land costs, compels disclosure of carpet area, sanctioned plans and stage-wise completion schedules, limits advance collections without a written registered agreement, restricts transfer of majority rights without buyer consent and authority approval, and prescribes penalties, remedies and administrative enforcement through state regulatory authorities and appellate tribunals. en-us Fri, 07 Apr 2017 07:58:27 +0530 Fri, 07 Apr 2017 07:58:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7359 The Real Estate Act mandates registration of projects and agents, requires promoters to deposit 70% of receipts into an escrow account for construction and land costs, compels disclosure of carpet area, sanctioned plans and stage-wise completion schedules, limits advance collections without a written registered agreement, restricts transfer of majority rights without buyer consent and authority approval, and prescribes penalties, remedies and administrative enforcement through state regulatory authorities and appellate tribunals. Articles Other Topics Fri, 07 Apr 2017 07:58:27 +0530 https://www.taxtmi.com/article/detailed?id=7359