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Former Himachal Pradesh RERA Chief Accused of Fund Misuse

Dated on: Monday 3rd February 2025

Dr. Shrikant Baldi, the former Chairman of the Himachal Pradesh Real Estate Regulatory Authority (HPRERA), is facing allegations of misusing funds during his tenure. The specific details of the allegations have not been publicly disclosed. Dr. Baldi, a retired IAS officer, was appointed as the Chairman of HPRERA in October 2019.In a related development, the Union Finance Ministry has directed public sector banks to ensure strict compliance with RERA provisions to prevent the misappropriation of funds by developers. This move aims to safeguard homebuyers' interests and maintain transparency in real estate transactions.

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