As builders skirt compliance, TGRERA to crack the whip with enforcement wing
1
2
Hyderabad: In a major move to strengthen regulatory framework in the real estate sector, the Telangana Real Estate Regulatory Authority (TGRERA) is set to establish its own enforcement mechanism to ensure swift compliance with its orders.
Faced with mounting delays, especially from non-compliant builders and developers, TGRERA has been given more teeth with district collectors now empowered to invoke the Revenue Recovery Act (RRA) and exercise certain civil court powers for enforcement. This marks a decisive shift from passive regulation to active enforcement, sources said.
An executive director, likely to be appointed from the revenue department in the coming days, will head the new enforcement wing.
This officer will be supported by a dedicated team tasked exclusively with executing TGRERA's orders, sources said.
"TGRERA is aligning with initiatives taken by other states such as Maharashtra, Gujarat, Haryana, Uttar Pradesh, and Tamil Nadu," TGRERA chairman N Satyanarayana told TOI on Saturday. "The Union ministry of housing and urban affairs has also laid down guidelines for such enforcement mechanisms," he said.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Click Here - This Might Save You From Losing Money
Expertinspector
Click Here
Undo
Till now, the authority has depended on district collectors to implement its orders by invoking the RRA, particularly in cases where attachment of movable or immovable assets is required. However, enforcement has been slow, as collectors remain tied up with administrative responsibilities and the rollout of govt welfare schemes.
Currently, when TGRERA or its appellate tribunal passes an order, the parties concerned are given 30 to 60 days to comply.
If they fail to do so, the aggrieved party must return to the authority and file an 'execution petition', prompting the district administration to act.
TGRERA officials disclosed that 96 such execution petitions are now pending, with cases involving property handovers, penalty payments, or completion of stalled projects. In some instances, even flat buyers are required to make payments to developers as per tribunal directions.
To address these delays, the state govt has amended the Telangana Real Estate (Regulation and Development) Rules, 2017, empowering TGRERA directly with enforcement authority for recovery of dues, penalties, and enforcement of its orders.
In addition to establishing the enforcement wing, the govt has also amended TGRERA rules to streamline the recovery of interest, penalties, and compensation amounts due to buyers or developers.
Another significant change relates to the definition of 'ongoing projects'—developments where work is still in progress and occupancy or completion certificates have not been issued. Such projects, even if launched before 2017, will now fall under the regulatory purview.
Previously, the govt had considered Jan 1, 2017, as the cut-off date for 'ongoing projects' in its initial govt order, while the official rules marked May 1, 2017, as the benchmark. The new amendment ensures that all relevant projects post-TGRERA implementation in 2016 are appropriately regulated, sources added.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
24 minutes ago
- Time of India
Indian-origin Berkeley graduate sends 34 Cold emails to VCs with keywords AI, Stanford and ex-Palantir, here's what happened
Bhavye Khetan, an Indian-origin UC Berkeley graduate, sparked online debate after claiming he faked a founder persona—using buzzwords like 'Stanford,' 'Palantir,' and 'AI'—to attract 27 responses from 34 venture capitalists. (Image: X/@bhavye_khetan) An Indian-origin graduate from the prestigious University of California, Berkeley recently conducted an experiment which initiated a debate across the startup world. As part of the experiment the Indian-origin student named Bhavye Khetan posed as a fake startup founder and sent some cold emails to 34 venture capitalists . In his proposal he used some buzzwords like " Stanford ," " AI ," and "ex-Palantir'. To his surprise 27 investors responded to his proposal and out of them four also asked for a call. Khetan shared his experience on a post on X (formerly known as Twitter) and called the startup funding as a 'rigged game'. Read Indian-origin Berkeley graduate Bhavye Khetan's viral post here Khetan shared the details of his experiment on X, highlighting how superficial markers of credibility—such as prestigious university affiliations and trendy tech terms—can generate investor interest, even without a product, pitch, or business plan. 'I made a fake founder persona. No product. No pitch. No deck. Just: by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo - Stanford CS - Ex-Palantir - Used the word 'AI' 3 times Sent cold emails to 34 VCs. 27 replied. 4 asked for a call. This game is rigged in ways most people don't understand,' wrote Khetan in the viral post. Khetan's findings suggest that VCs may be heavily influenced by signals of perceived credibility and alignment with current investment trends, sometimes even over the substantive details of a business idea. The inclusion of "AI" taps into the current technological zeitgeist, while "Stanford" and "ex-Palantir" (referring to the data analytics company co-founded by Peter Thiel, a prominent VC) signal an elite educational background and experience at a high-profile, data-driven firm. His post, which has garnered over 1.2 million views, critiques the venture capital ecosystem, suggesting that flashy credentials often outweigh substance in early-stage funding decisions.
Time of India
28 minutes ago
- Time of India
How a Rs 50,000 Monthly SIP for 20 years can grow to Rs 5 crore, explains Vijay Kedia
Ace investor Vijay Kedia shared on social media that investing Rs 50,000 monthly through SIPs over 20 years at a 12% CAGR can potentially grow to around Rs 5 crore. He added that it's the power of discipline and the magic of compounding that enable the creation of a substantial corpus over time. Also Read | Gold prices may fall 12-15% in next 2 months, warns Quant Mutual Fund Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like เทรดทองCFDsกับโบรกเกอร์ที่เชื่อถือได้| เปิดบัญชีวันนี้ IC Markets สมัคร Undo In a post on X, Kedia wrote, 'Invest Rs 50,000 per month in an SIP for 20 years at 12% CAGR, and it can grow to approximately Rs 5 crore. ( Power of discipline. Magic of compounding.)' Invest ₹50,000 per month in an SIP for 20 years at 12% CAGR, and it can grow to approximately ₹5 crore. (📈 Power of discipline. Magic of compounding.) #investors #investor #investing #investingstrategy #stock #stockmarket #stockmarketindia #stocks #share #sharemarket … — Vijay Kedia (@VijayKedia1) June 2, 2025 The ace investor shared his previous post, which mentioned that, 'Your salary of lakhs doesn't make you a millionaire, your savings of lakhs makes you a millionaire.' He further urged individuals to rethink how they manage money and avoid consumer-driven habits. Live Events He criticised the Western philosophy of "live for today," calling it a myth theory of consumerism. 'There is a theory in America that live for today, tomorrow never comes. This is an abhorrent theory,' he said, pointing out how such thinking leads to financial insecurity. According to Kedia, nearly 40% of Americans don't have even $1,000 to meet emergencies, largely because saving is not ingrained in their culture. Also Read | NFO Insight: Nippon Income Plus Arbitrage Active FoF opens. Is it time to add this emerging category to your portfolio? While countries like the US offer social security as a safety net, Kedia argued that relying on governments is no substitute for personal financial planning . Instead, he advocated for building wealth through consistent investments. He advised young earners to reduce discretionary spending — on parties, fashion, and brands — and redirect that money into savings. 'The first thing to do is reduce parties, spend less on fashion and brands, and save as much money as possible,' he said. In the end, Kedia added: 'Either you can have a lavish young age or you can have a lavish old age. Always keep this in mind.' ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
30 minutes ago
- Time of India
Chennai Central metro's book park set open this month
Chennai Central metro's book park set open this month CHENNAI: Chennai Central metro station's upcoming 5,000sqft book park may have been delayed, but it's already shaping up to be the city's next literary landmark. Originally scheduled for inauguration in April by chief minister M K Stalin, the facility is now expected to open to the public in June. With checkered blue-and-grey carpeting, glass walls, cozy reading nooks, and a flat 10% discount on all titles, the space is designed to be a reader's haven in the heart of the city's busiest transit hub. The 5,000sqft area inside the Chennai Central Metro will house 70 bookshelves, a mini event hall, reading tables with comfortable seating, and a cafeteria. "There is sufficient space and 3 lakh people passing through Chennai Central Metro every day. A large book park is being developed there to promote reading habit," said an official from Tamil Nadu Textbook and Educational Services Corporation. The library will stock between 8,000 and 10,000 books, spanning a vast range of subjects including dictionaries, politics, literature, education, science, agriculture, medicine, economics, history, books on archaeology, children's literature, stories, and poetry. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Warren Buffett Says These 5 Books Are a Must-Read for 2025 Blinkist: Warren Buffett's Reading List Undo Books will be available in Tamil, English, Telugu, and other Indian languages, alongside translated works from global literature. The library will operate daily from 9am to 9pm. "Various amenities are being provided for the public, including Wi-Fi, a cafeteria, a small venue for book launches, and a hall that can accommodate up to 80 people for literary events. All books will be available for purchase in one place, creating an space where publishers and readers can meet," the official added. Operated by Tamil Nadu Textbook and Educational Services Corporation under a revenue-sharing model, the Chennai Central book park may also serve as a prototype for similar hubs elsewhere in the state. "Depending on the response from commuters and the public, we may think of replicatingf this concept at other locations," said P Shankar, director, public library.
