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Friday, July 26, 2019

Amrapali-like fraud won't recur: Government

The Centre told the Supreme Court on Thursday that a mechanism had been put in place to check diversion of funds by builders. Additional solicitor general Madhavi Divan said it was now mandatory for real estate companies to deposit 70% of the money raised from homebuyers in a separate bank account which would be used only for construction and builders would not be able divert the money.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News


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