Jharkhand RERA imposes ₹83.5 lakh penalty on 77 builders over report delay

Jharkhand Real Estate Regulatory Authority (JRERA) has fined 77 builders a total of Rs 83,50,000 for failing to submit mandatory quarterly progress reports and ignoring court summons. JRERA chairman warned of bank account freezes if dues are not cleared, emphasizing accountability for over 50% of registered projects in non-compliance.

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