Construvex

Blog

Occasional writing on Indian real-estate rules, RERA filings and the software problems underneath them. Written by the person who builds Construvex.
Three stacked layers: a proposed DELTA token and exchange layer on top involving SEBI, BSE and NSE, the existing land title and registry beneath it, and your day-to-day project operations at the bottom, marked unchanged

Maharashtra's DELTA Act: what it means for your project (for now, nothing)

The CM has asked officials to draft a law on tokenising property. Here is what was actually announced on 20 July, why the committee's make-up matters more than the word blockchain, and why a developer selling under-construction flats can safely ignore it this year.
Two side-by-side flows. On the left, what people picture: a buyer pays, a third party holds the money, and it is released to the developer. On the right, what the Act says: a buyer pays into the developer's own separate account, and three professional certificates are what release it.

The RERA 70% account is not an escrow account

Section 4(2)(l)(D) says 'separate account', never 'escrow'. That word decides who has to be convinced before your own money moves, and it isn't the bank.