Gurugram admin targets 71 developers to recover rRs.r446 crore in RERA dues
India, Oct. 1 -- The Gurugram district administration has launched a recovery drive against 71 real estate developers who have failed to pay nearly Rs.446 crore in penalties and other dues arising from orders passed under the Real Estate (Regulation and Development) Act (RERA), deputy commissioner Uttam Singh said.
The administration plans to freeze bank accounts and attach properties of defaulting developers to recover the outstanding amount. Officials said criminal proceedings could also be initiated against builders who fail to clear their dues, with the possibility of arrest if recovery remains unsuccessful.
Singh said the administration had decided to accelerate the recovery process so that orders passed in favour of affected homeb...
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