Gurugram administration moves to recover ₹486 crore RERA dues from 71 builders
Authorities said the move follows unpaid HRERA recovery certificates that have stalled for years and may lead to property attachment and arrests if dues remain unpaid.
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4 Articles
Gurugram to freeze 71 builders’ accounts to recover unpaid homebuyer dues
The major defaulters include Ansal Housing/Ansal Construction Housing (₹91 crore), Raheja (₹90 crore), Vatika (₹80 crore), Parsvnath (₹74 crore), Ramprastha (₹57 crore), IREO (₹24 crore) and ILD Millennium (₹8.59 crore). Notices have been issued to the builders directing them to deposit the outstanding amounts.
Accounts of 71 builders frozen over non-payment of dues worth Rs 446 crore ordered by HRERA
Authorities say if dues cannot be realised through bank balances or asset attachments, administration will invoke provisions for civil arrest and detention of defaulting promoters
From Ansal To Vatika And Raheja: When Will Gurugram Finally Force Builders To Pay Homebuyers?
₹446 Crore Owed, 71 Builders, Frozen Accounts: Why Are Gurugram Homebuyers Still Waiting for Justice? There is something deeply disturbing about the latest action against Gurugram’s real-estate developers. Not because the authorities have acted. In fact, the action is significant precisely because the administration has finally moved beyond merely issuing orders. The disturbing part is …
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