No. Buying a project that is not approved by RERA is not always a good decision and can put you in serious trouble. You should be careful about buying a project under construction that is not registered with the Real Estate Regulatory Authority (RERA) and it is illegal to buy such a project. Banks were asked to withhold funds at the project level or the retail level. This means that the bank may refuse to release further installments related to the loan amount if the project is not registered with the RERA Authority in the state. We do not recommend investing in projects that are not registered under RERA.
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