Rera
Act
Maharashtra
Karnataka
Telangana
Andhra Pradesh
Uttar Pradesh
To make sure builders can’t overlook RERA rules, Gujarat RERA imposes hefty penalty on promoter
Dated on: Friday 12th January 2018A Vadodara based builder, Jayesh Patel was penalized by Rs. 3 lakh for not handing over the possession of flats on time which was in his scheme. In case of failing the process of project registration with RERA, a builder can be fined up to 10% of the project. In spite of that, RERA cited the fact that the builder has already gone through a lot in selling his units besides delay in construction work due to lack of funds. Back to back penalty cases reflect that RERA authority is in no mood to spare the culpable builders.
More News
Copyright © 2023 RERA Filing. All rights reserved.