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Tamil Nadu RERA hires CA to check money spent on delayed projects

Dated on: Saturday 2nd January 2021

The Tamil Nadu Real Estate Regulatory Authority has engaged a chartered accountant to scrutinise the bank account of a delayed housing project to verify utilisation of homebuyers’ payment and submit a report in a month. The first-of-its-kind direction follows a complaint by a homebuyers association, demanding a forensic audit to find out if funds meant for the housing project on Chennai’s outskirts were diverted. The complainant association will bear the CA’s Rs 1 lakh fee

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