RERA Enforces Accountability, Fines 12 Developers in New Chandigarh
Chandigarh | May 2025:
Chandigarh Real Estate Regulatory Authority (RERA) has imposed penalties on 12 developers in New Chandigarh due to delayed project deliveries, marking a strong step toward protecting buyer interests and enhancing market transparency.

The fines come amid rising concerns from homebuyers over delayed handovers and stalled constructions. This action reinforces RERA’s commitment to ensuring timely project completion and boosting confidence among residential property buyers.

Industry insiders view this enforcement as a positive move to stabilize the real estate market, encourage responsible development practices, and strengthen trust between buyers and builders.

The penalties serve as a reminder for developers to adhere to project timelines and regulatory norms, contributing to a more accountable and transparent real estate ecosystem in Chandigarh.