The Maharashtra state government is under scrutiny for its failure to recover ₹40,000 crore from builders. This is even though the state has set up a special recovery cell to address the issue. Builders who have not paid the full amount of premiums for their construction projects owe the reported amount, according to sources.
The issue has come to light due to a recent audit report by the Comptroller and Auditor General (CAG) of India. The report has criticized the state government for its lax approach to recovering the funds. The CAG report has also highlighted the need for the government to take stronger measures to ensure that builders comply with the law.
This failure to recover the funds has raised concerns about the state government’s ability to regulate the construction industry effectively. The lack of action has also led to questions about the possible collusion between builders and government officials. The Maharashtra government must take immediate action to recover the funds and ensure that such lapses do not occur in the future.
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