The escrow question
50% or such lesser percentage as decided by the appropriate government. When this bill was tabled in the Rajya Sabha, the opposition raised objections against the changes and the bill was sent to a select committee for further consultation. The select committee then changed it to 50% or such higher percentage. Now the news reports of 70% are quite startling,” says Amit Jain, a key contributor in the drafting of the real estate regulation bill.