2.         That the project land is free from all encumbrances OR the detail s of encumbrances

               lncluding dues and litigation, details of any rights, title, interest or name of any partyin or

               over such land, along with details



               3.' ' Th-at the time period within which the project shall be completed by me / promoter
               from the datb of r egistration of project.



               4. {a) For new projecls:-

               Ihat 70% (Seventy) per cent of amounts realised by me for real estate project from the
               Allottees    , from time to time, shall be deposited in a separate account to be



                                                          to cover the cost of construction and the land cost and

 *?$'{\"'7'r;. .,. Shall be used only for that purpose.
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                    (b) For ongoing project on the date of commencement of the Act:-




                    (i)     Thal 70% (Seventy) per cent of the amounts to be realised hereinaft6r by me /

                    Promoter for real estate project from the allottees , from time to time, shall be

                    Deposited in a separate account to be maintained in a scheduled bank to cover the cost of

                    Construction and the land cost and shall be used only for that purpose OR



                 (ii)          That entire of the amounts to be realised hereinafter r by me for real estate

                  project from allottees , from time to time, shall be deposited in a separate account to be

                  maintained in a scheduled bank to cover the cost of construction and the land cost and

                  shall be used only for that purpose, since the estimated receivable of the project is less

                  than the estimated cost of completion of the project.