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.
The Gurugram district administration has ordered the freezing of bank accounts of 71 builders and promoters over unpaid penalties and homebuyer refunds, totalling ₹446 crore in recovery certificates. The Real Estate (Regulation and Development) Act, 2016, provides for the recovery of amounts ordered by the authority as arrears of land revenue, leading to the freezing of accounts under Section 40(1).
Deputy Commissioner Uttam Singh stated that the money will be recovered from the frozen bank accounts or attached properties, with further legal steps potentially including arrests if necessary. Major defaulters include Ansal Housing, Raheja, Vatika, Parsvnath, Ramprastha, IREO, and ILD Millennium. Notices have been issued for builders to deposit the outstanding amounts, with recovery progress reviewed weekly and sub-divisional magistrates directed to execute the recovery proceedings.
Brief written by urgent.news from The Hindu's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
