Tamil Nadu RERA fixes a crucial gap, mandates a three-bank-account regime from January 1, 2026; know how homebuyers will benefit

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Tamil Nadu RERA introduces a vital three-bank-account rule for real estate projects starting January 1, 2026. This system ensures homebuyers' money is strictly managed. Funds will be segregated into collection, separate, and transaction accounts. Builders must meet strict conditions for withdrawals, enhancing transparency and safeguarding investments. This move aims to prevent fund diversion and ensure project completion.