The Gujarat Real Estate Regulatory Authority (GujRERA) had earlier issued the Gujarat RERA Bank Account Directions, 2025 on December 20, 2024. These were introduced to regulate the operation of separate bank accounts for registered projects, ensuring funds are utilised strictly for project purposes. Based on further review, GujRERA has now revised these provisions through Order-103A to strengthen safeguards, improve compliance, and enhance consumer protection

The First Revision of the Gujarat RERA Bank Account Directions, 2025, clarifies and strengthens banking obligations with respect to RERA project accounts:

• Banks must not sanction project loans for units where agreements for sale or sale deeds are already executed before the mortgage deed is signed.
• Revenue authority records must reflect the mortgage immediately after execution.
• Due diligence is required where multiple banks are involved in financing the same project (paripassu charge).
• The “RERA Collection Bank Account (100%)” and “RERA Retention Bank Account (70%)” must remain free from all encumbrances. These accounts cannot be designated as escrow, lien-marked, or subjected to third-party control, even in case of NPA classification. They can only be attached or seized with specific GujRERA orders.
• Home loan financing banks must verify RERA collection bank account details from the Gujarat RERA Portal before disbursing funds.

These revised directions are in addition to the earlier order dated December 20, 2024, and aim to promote transparency, accountability, and financial discipline in real estate project fund management.