TNRERA Proc.No. TNRERA/A3/3816/2025 | Dated: 12 December 2025

TNRERA has issued comprehensive directions establishing a new three-tier bank account system for all real estate projects effective from 01.01.2026. This significant procedural change mandates that all promoters maintain three separate bank accounts in a single Scheduled Bank and branch, with each account serving specific purposes:

1. RERA Designated Collection Account (100%) – Receives all amounts from allottees

2. RERA Designated Separate Account (70%) – For project construction and land costs

3. RERA Designated Transaction Account (30%) – For project-related transaction expenses

Key compliance requirements: Automatic fund transfers occur daily via auto-sweep facility. Withdrawals from the Separate Account require certified documentation from architects/engineers. Accounts are closed only upon production of TNRERA-issued Completion Reports. For Joint Development Agreements, dual account sets are mandatory.

PDF:  https://rera.tn.gov.in/homePageFiles/TNRERA_Proc_3816_2025.pdf