New UP RERA rules to prevent builder fund diversion

Did you know UP RERA is now mandating *three* separate bank accounts for every registered housing project? This isn't just a minor tweak; it's a major move to clamp down on builder fund diversion and genuinely protect homebuyers. Essentially, your money for a Ghaziabad property can no longer be mixed with other projects or used for those 'assured return' schemes that often go sideways. Withdrawal rules are also much tighter now, all aimed at bringing more financial discipline to the real estate sector. What are your initial thoughts on this significant change? For those of us eyeing properties or already invested in Ghaziabad, do you think this new framework significantly changes the market outlook?