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Gujarat RERA imposes ₹3.5 crore penalties on builders for violating bank account norms

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GujRERA has fined developers Rs 3.5 crore for not following rules on RERA bank accounts. This action targets builders who failed to deposit homebuyer funds correctly. The regulator is strictly overseeing project funds. Fines range from Rs 95,000 to Rs 2 crore. This move signals a tougher stance on financial discipline in real estate.

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