Himachal RERA Fines Chester Hill Projects in Solan
SHIMLA: The Himachal Pradesh Real Estate Regulatory Authority (RERA) has imposed an interim penalty of ₹70 lakh (₹35 lakh for both Chester Hill-2 and Chester Hill-4) on real estate development projects in Solan due to several regulatory violations. The penalties were issued through two separate orders for confirmed breaches of relevant HP RERA sections. The official documents were released on Sunday. The complaints revolved around the irregular formation of a resident welfare association, inadequate account maintenance of funds received from allottees, and improper expenditures on projects. RERA has escalated multiple complaints from individual buyers and the Association of Allottees concerning…