The Haryana Real Estate Regulatory Authority (HRERA) will reportedly impose a penalty of about Rs 3 billion to Gurugram developers. As reported, the authority has, in the last two years, received 9,496 complaints, of which 6,598 have been disposed off or resolved. It has also issued 509 penalty notices to builders who have defaulted in terms of complying with various provisions of the real estate law. HRERA has imposed penalty of about Rs 400 million on builders so far.
Proposed road projects that have not finished the acquisition of the required land for the purpose will not get loans from State Bank of India (SBI). The decision has been taken by SBI on the requisition of Central Bureau of Investigation and Chief Vigilance Commission. SBI is India’s biggest moneylender.
In Chhattisgarh, the National Investigation Agency (NIA) is looking into reasons for sudden discontinuation of road construction and widening work on the Tongpal-Darbha stretch, the road that passes through Jhiram Ghati, a month before the Congress leaders were ambushed by Maoists. The agency has asked National Highway Authority of India (NHAI) to furnish a list of all contractors and workers involved in the construction and widening works on National Highways 30 and 63 for scrutiny.