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BUILDER PUT MY MONEY IN COMPANYS CURRENT ACCOUNT RATHER THAN RERA ACC


07-Aug-2026 (In Property Law)
I REGISTERED A OFFICE ON FULL DOWN PAYMENT OF 1CR THE BUILDER TOLD ME TO TRANSFER MONEY IN COMPANY CURRENT ACCOUNT RATHER THAN RERA ACCOUNT AS HE SAID I WILL THEN TRANSFER IT TO RERA ACCOUNT AFTER WARDS NOW THE BUILDING IS MOSTLY COMPLETE STILL HE IS NOT PUTTING THE MONEY IN RERA ACCOUNT AND NOW HE FILES HIS ITR WHERE HE WANTS TO SHOWS THAT I HAVE GIVEN HIM A LOAN OF 1CR WHERE I COMPLETELY DENIED HIM THAT SO NOW WHAT SHOULD I DO?
Answers (3)

Answer #1
919 votes
I can help you. If you paid ₹1 crore towards the purchase of the office and not as a loan, the builder cannot legally treat it as a loan in his ITR or change the nature of the transaction without your consent. Please share your Builder-Buyer Agreement, payment proof, receipts, and all communications with the builder. After reviewing the documents, I can advise you on the appropriate legal action, including remedies under RERA and other applicable laws to protect your investment.
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Advocate Riddhi Pratap Bothara

Adv. Riddhi Pratap Bothara

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Answer #2
666 votes
Your situation involves a critical RERA violation—funds must be held in the designated escrow account, and the builder’s current account transfer and subsequent ITR claim are major red flags that could jeopardize your investment. This requires immediate intervention through formal RERA complaint filing and likely recovery proceedings. I’ve handled numerous such cases involving builder fund misappropriation and can help you protect your 1CR through regulatory and legal channels while documenting the builder’s breach of RERA obligations.
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Advocate Bhumika Vijay Bajaj

Adv. Bhumika Vijay Bajaj

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Answer #3
705 votes
Give a legal notice explaining all this to him and transfer the money in RERA account otherwise you can file a complaint with RERA as the builder is using your money continuously you will be getting interest and compensation from RERA for it in it for you, also you can ask for additional parking if he wants to use it as a loan, or some monetary benefits for you it is a risky thing but you will earn in it by doing a MOU or a loan agreem
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Advocate Moksh Jain

Adv. Moksh Jain

LawRatoMumbai | 100+ Answers
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