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Time of India
6 days ago
- Business
- Time of India
RERA slaps 4.5L fine on infra firm for fraud in plot sale
Cleared: dk Hyderabad: Telangana Real Estate Regulatory Authority (TGRERA) has imposed a penalty of 4.5 lakh on Roy All Diamond Infra Developers for misrepresentation and unauthorised marketing of a residential plot. The authority found that the firm collected 9 lakh from complainant Madikonda Mallesh without any legal ownership or authorisation over the property in question. Mallesh, a 40-year-old govt employee from Mallapur, filed the complaint after discovering that the plot he agreed to purchase in the venture 'Kaasvi E-City' did not belong to the respondent. According to the complaint, Nayak introduced himself as a partner in Roy All Diamond Infra Developers and claimed to be the absolute owner of Plot No. 43, measuring 150 square yards in Ferozguda village, Ibrahimpatnam mandal. He demanded a sale consideration of 36 lakh and received 9 lakh as advance through multiple payments in March 2024. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad Nayak executed a sale agreement on June 7, 2024, with a clause requiring the balance payment of 27 lakh within 40 days. However, the respondent became untraceable after signing the agreement. Upon verifying the property's Encumbrance Certificate, the complainant discovered that the land actually belonged to another real estate developer. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Hidden Cause Found: Dementia And Memory Loss Linked To This Habit Memory and Health Click Here Undo by Taboola by Taboola Furthermore, RERA registration number cited in the respondent's brochure was found to be false. TGRERA Orders Refund with Interest and Seeks Probe into Project Promoters TGRERA, in its findings, observed that the respondent had no legal title or authority over the land and that his conduct constituted a violation of Sections 11(4)(a) and 12 of the Real Estate (Regulation and Development) Act, 2016. In addition to the penalty under Section 61, the authority directed the respondent to refund the 9 lakh received from the complainant with 11% annual interest, calculated from the date of each payment until the amount is realised. The refund has to be completed within 30 days from the date of the order. Noting "unauthorised and deceptive conduct," the authority also instructed Telangana RERA secretary to initiate an inquiry and issue a show cause notice to the registered promoters of Kaasvi E-City. The notice seeks a written explanation on whether Nayak was ever authorised to market or collect payments for the project, and requires submission of all related agreements and correspondence. The order was issued under Sections 37 and 38 of the RERA Act, empowering the authority to take such enforcement actions. The authority has made it clear that any further non-compliance with the refund or penalty payment timelines would invite additional consequences under the Act.
Time of India
19-07-2025
- Business
- Time of India
RERA slaps Rs 38L penalty on realty firm for layout violations in Telangana's Mokila
HYDERABAD: The Telangana Real Estate Regulatory Authority (TGRERA) has imposed a penalty of Rs 38.5 lakh on a realty firm for statutory violations and deviation from approved plans at a villa project in Westend Greens, Mokila, Ranga Reddy district. Tired of too many ads? go ad free now The promoter was found to have violated Sections 11, 14, and 61 of the Real Estate (Regulation and Development) Act, 2016. TGRERA directed an immediate halt to marketing or sale of villas until the project is formally registered with the authority. The complaint was jointly filed by five residents of Westend Greens - Tumpi Shome, Sailaja Nukala, Monika Singh R, Tarun Dhar, and Sandeep Josyula - who alleged the builder failed to deliver possession-ready units despite collecting full payments towards construction, taxes, clubhouse and amenity charges, and maintenance. "Approved by HMDA in 2011 for 117 villas, the project has seen sluggish progress. In over a decade, only 20 villas were declared fit for occupation, and by Feb 2024, just 30% of the construction was complete," the complainants stated pointing out that the developer applied for layout revalidation in 2017 and 2019, but failed to update buyers on its status. Despite this, the project website continued to carry the original HMDA approval, which TGRERA deemed misleading under Section 12. Residents, many of whom have been living there for two to three years, also flagged poor infrastructure. Sewage waste is being dumped in an open pit, violating National Green Tribunal norms, as no tank or treatment facility exists. The compound wall remains incomplete, high-tension cables are exposed, and water supply is erratic due to non-functional pumps. Though payments for the amenities were made, buyers were recently asked to clear dues to a liquidation services firm, raising concerns over the builder's financial health. Tired of too many ads? go ad free now TGRERA has asked the promoter to pay the penalty within 30 days and seek HMDA approvals afresh. If not obtained, the developer will be held liable under Section 18 to refund all money with compensation. Upon securing approvals, the builder must register the project under RERA within 10 days, failing which further legal action may follow.
Time of India
16-07-2025
- Business
- Time of India
Telangana Builder Fined ₹6L for Unregistered Project; Buyers to Get Refund
HYDERABAD: The Real Estate Regulatory Authority (TG RERA) imposed a penalty of ₹6.45 lakh on BhuvanTeza Infra Projects, based in Banjara Hills, for failing to register their residential project 'Happy Homes-1' at Shamirpet. Tired of too many ads? go ad free now The project was marketed and sold between 2020 and 2023 without mandatory registration under Section 3 of the Real Estate (Regulation and Development) Act. The complaint was filed by Appam Kiran Kumar of Sumitranagar, Kukatpally, along with three others, who were among the allottees of the proposed apartment project. The buyers stated that the project was promoted aggressively during its pre-launch phase using promotional materials, site plans, and verbal assurances of early possession and legal clearances. The managing director, Chekka Venkata Subramanyam, allegedly claimed that necessary approvals from HMDA, TG RERA, and the revenue department for land conversion were either obtained or imminent. The complainants claimed that land parcels under survey nos 685 and 686 were registered in their names as a form of security. Subsequent development agreements were also executed to consolidate undivided shares for project development. The complainants made payments through cheque, cash, and digital modes, often without formal receipts or registered documentation. However, the complainants found no signs of development or construction at site. Statutory approvals were never furnished, and repeated requests for refunds were met with evasive behaviour, and threats. The project remained unregistered and stalled. TG RERA directed the builder to pay fine of ₹6.4 lakh within 30 days. The developer was also ordered to refund the principal amounts received from complainants. The refund is to be made with 11% interest per annum from dates of payment, within 90 days.
Time of India
16-07-2025
- Business
- Time of India
Telangana RERA penalizes Ashritha Group Rs 3L for real estate violations in Jubilee Hills; orders registration of 2 residential flats in favour of homebuyers
HYDERABAD: The Telangana Real Estate Regulatory Authority (TG RERA) directed the Ashritha Group in Jubilee Hills, to register two residential flats in favour of homebuyers and imposed a penalty of ₹3 lakh on the company for violating statutory obligations under the Real Estate (Regulation and Development) Act. The order pertains to complaints filed by two residents of Miyapur, Srinivasulu Bode and C Malleswari Nandireddy, who entered into agreements of sale in 2021 for two flats of 'Jewels County', a residential project approved by HMDA and registered with RERA. The complainants alleged that the builder failed to honour the agreement terms, retracted earlier receipts, and created confusion around payments. Despite notices and follow-ups, the builder allegedly refused to address their concerns and threatened cancellation of the agreement. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad In its order, TG RERA held the Ashritha Group accountable under section 11(5) of the RE(R&D) Act, 2016, and directed the builder to register the subject flats in favour of the complainants, conditional upon receipt of dues as per the agreed milestone-based payment schedule. The authority imposed a ₹3 lakh fine on the company, with instructions to remit the amount to the RERA fund within 30 days. Ashritha Group contended that the agreements stood cancelled due to the complainants' alleged default in payment and that they were offered a refund. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: One simple trick to get internet without a subscription Techno Mag Learn More Undo The builder claimed that the complainants failed to respond and forfeited their right to seek registration or damages. However, the authority found the builder's actions in violation of statutory duties and partly allowed the complaints.
Time of India
11-07-2025
- Business
- Time of India
Telangana pulls up Kavuri Forest Nest developer over poor upkeep, orders restoration of services
Telangana RERA has instructed Kavuri Forest Nest developer to uphold common area maintenance as per the sale agreement, responding to complaints from villa owners about service reductions and extra charges HYDERABAD: Telangana Real Estate Regulatory Authority (TGRERA) has directed Kavuri Forest Nest developer to maintain common areas of the community, strictly in line with the agreement of sale. The order came in response to a group complaint filed by 10 villa owners against developer Kavuri Ravi Kumar and Kavuri Forest Nest Villa Owners' Maintenance Mutually Aided Co-operative Society. The complainants alleged that despite contractually agreeing to maintain the project for five years from handover at a fixed rate of 50 per square foot, the developer stopped several services since June 2024 while demanding additional charges. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad Issues cited included discontinuation of road sweeping, inadequate security, poor upkeep of gardens, and inoperative facilities like clubhouse, gym, and swimming pool at villa project at Lemoor Road, Tukkuguda. The Authority held that developer's responsibility to maintain common areas remains valid until conveyance was complete. "The respondent cannot unilaterally dilute or withdraw services on the ground that residents have chosen to supplement them through Association," the order stated. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Is it legal? How to get Internet without paying a subscription? Techno Mag Learn More Undo 'Continue maintenance sans reducing service quality' TGRERA clarified that the Association cannot demand services beyond what was agreed under AoS. Any upgrades, additional staffing, or third-party maintenance should be decided and funded by the Association. RERA issued directions under Section 37 of RERA Act, 2016. "The developer needs to continue maintenance without reducing quality or charging extra. The project name, 'Kavuri Forest Nest', must be retained in all communications. Any deviation from plans will attract penalties," it added.
