Anti-Profiteering: NAA directs DGAP to enquire 9 Projects of Adhiraj Constructions

Jitendra Kumar Vs Adhiraj Constructions Pvt. Ltd. (NAA) It is observed from the DGAP’s report and documents submitted during the investigation that the instant project (Samyama City Tower 1-D) has received RERA approval for the period 08.01.2018 to 31.03.2023. It is also noted that all bookings have been made after GST was introduced and that all payments have been received after 01.07.2017. However, the Authority also observes that provision of the RERA Act, 2016 make it mandatory for a real estate developer/promoter to maintain separate bank accounts for each of his projects registered...