India, Feb. 12 -- The Gurugram chapter of the Haryana Real Estate Regulatory Authority (HRERA) on Tuesday said that it has imposed penalties on six developers and seized their security deposits for non-compliance of registration conditions. The authority said that penalties of Rs.2.25 crore were imposed on six developers for failing to meet registration norms and delaying realty projects.

In a statement issued on Tuesday, the authority said that it has also imposed separate penalties of Rs.25 lakh each on two promoters for non-compliance with the timelines provided under Section 4(2)(l)(C) of the Real Estate (Regulation and Development) Act, 2016. The authority said that this section of the Act of 2016 requires builders and promoters to ...