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Gujarat RERA penalizes builders for fund misuse
Dated on: Friday 10th April 2026The Gujarat Real Estate Regulatory Authority (GujRERA) has imposed penalties totaling around ₹3.5 crore on multiple builders for violating RERA bank account norms. The action was taken in several suo motu cases where developers failed to deposit the mandatory 70% of buyer funds into dedicated project accounts or made unauthorized withdrawals. These rules are meant to ensure that funds are used only for construction and land costs. The authority’s move highlights strict enforcement to prevent fund diversion, increase transparency, and safeguard homebuyers’ interests. More developers may face action as regulatory monitoring continues to tighten.
