The Real Estate (Regulation and Development) Act, 2016.
CHAPTER III: FUNCTIONS AND DUTIES OF PROMOTER
Section 13: No Deposit Or Advance To Be Taken By Promoter Without First Entering Into Agreement For Sale
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Explanation using examples
Imagine that Mr. Sharma is interested in buying an apartment in a new housing project by XYZ Developers. The cost of the apartment is INR 50 lakhs. A