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Under RERA, the builder is asking for 10% cash when booking. Is it legal?

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djd
Legal

Under RERA, the builder is asking for 10% cash when booking. Is it legal?
Anonymous posted July 22, 2023 at 6:53 pm
Apurva
1
July 26, 2023 at 11:18 am
No, it is not legal for the builder to ask for 10% cash when booking under RERA. Developers and builders cannot ask for more than 10% of the property’s cost as an advance payment before the sale agreement is signed. Need

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