In a major move affecting property buyers and investors, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has placed around 200 real estate projects in abeyance — meaning these projects have been temporarily frozen and promoters are not allowed to execute fresh sale agreements or accept new bookings . This action stems from builders using the same bank account for multiple projects , a practice that goes against the financial compliance rules established by MahaRERA. Why Does MahaRERA Require Separate Bank Accounts for Each Project? Under the Real Estate (Regulation and Development) Act — enforced by MahaRERA — developers are required to maintain designated bank accounts for every registered project . This is not merely a book keeping technicality — it’s a rule designed with buyer protection at its core . Here’s what the rule means and why it matters : 🧾 1. Transparency in Funds Each project must have its own bank account so that the money collected from buyers ...