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RERA Authorities Empowered to Freeze Bank Accounts of Defaulting Builders

Updates

Income Tax GST India

As of April 5, 2025, amendments to the RERA rules empower State Regulatory Authorities to take stricter action against defaulting developers. The updated provisions allow RERA to freeze bank accounts, initiate direct recovery proceedings, and enhance enforcement to protect homebuyers’ interests and ensure timely project completion.

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