Latest news with #TelanganaRealEstateRegulatoryAuthority


Time of India
3 days ago
- Business
- Time of India
Telangana RERA to establish enforcement wing to ensure swift compliance
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. 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.


Time of India
4 days ago
- Business
- Time of India
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.


Hindustan Times
7 days ago
- Business
- Hindustan Times
Telangana RERA fines developer ₹14.9 lakh for failing to register project, asks realtor to refund money to buyers
The Telangana Real Estate Regulatory Authority (TGRERA) has imposed a penalty of ₹14.9 lakh on the developer of the 'Aura Velimala Phase 1' project in Velimala, Sangareddy district, according to the order. This comes after Bhuvanteza Infrastructures LLP, the developer, failed to register the project under the Real Estate (Regulation and Development) Act, 2016. "Respondents are jointly and severally liable to pay a penalty of ₹14.9 lakh towards violation of Sections 3 and 4 for non-registration of the Project Aura Velimala Phase 1," the order said. The regulatory body also directed the developer and its partners to return the funds collected from 62 homebuyers, along with an annual interest of 11%. Also Read: Karnataka has over 2630 delayed real estate projects: KRERA The homebuyers said they had signed 'unregistered' agreements with the developer to buy flats in the project, located in Telangana's Sangareddy district. According to the agreement, the flats were supposed to be handed over by December 2023. However, the project has faced major delays, and as of June 19, 2024, only 20% of the construction was completed, the court order stated. "The buyers further submitted that the delay in possession has caused severe financial hardship as they were burdened with paying both the rent for the current residence and the EMI for the home loan taken for the flat," the order said. The homebuyers stated that, as per the agreement, the developer had promised to pay rent to the buyers starting from January 2024 if the project was not completed by December 2023. However, even after several reminders, the company did not respond or make any rent payments, the order noted. "It was also submitted that as the developer has not registered the land in favour of the homebuyers herein, and hence, they were concerned that the company may sell the project land to other buyers without any notice," TGRERA said. Also Read: Bengaluru real estate: Can homebuyers approach Human Rights Commission if the builder delays in handing over the flat? TGRERA stated that after carefully reviewing all the documents and submissions, it found that the developer had violated Section 3(1) of the Real Estate (Regulation and Development) Act, 2016, by starting the project without getting the required registration from the Authority. "No promoter shall advertise, market, book, sell or offer for sale, or invite persons to purchase in any manner any plot, apartment or building, as the case may be, in any real estate project or part of it, in any planning area, without registering the real estate project with the Real Estate Regulatory Authority established under this Act," the authority pointed out. The order said that the developer could not have executed the agreements of sale with the buyers without having obtained RERA registration, which constitutes a glaring violation of the RERA Act. "The developer's plea that certain statutory approvals were pending or that registration was in process cannot serve as a legal justification for such noncompliance. The (RERA) Act makes no exception for provisional or pending applications," the authority noted in its order. TGRERA also noted that despite the passage of significant time since the execution of these agreements, many of which were executed between the years 2021 and 2023, the developer and its partners have neither completed the project nor handed over possession of the apartments to the respective allottees. "The developer and its partners are liable to refund the amount to (all 62) homebuyers along with interest at the rate of 11% per annum," the order concluded. A set of queries has been emailed to the developer, Bhuvanteza Infrastructures LLP. If a response is received, the story will be updated.


Time of India
26-05-2025
- Business
- Time of India
Telangana RERA fines builder for failing to register Aura Velimala Phase 1
HYDERABAD : The Telangana Real Estate Regulatory Authority (TG RERA) imposed a penalty of 14.9 lakh on a real estate builder and its partners for failing to register their project ' Aura Velimala Phase 1 ' in Velimala , Sangareddy district, under the provisions of the Real Estate (Regulation and Development) Act, 2016. Additionally, the authority directed the builder to refund amounts paid by 62 allottees along with 11% interest. The complainants, M Prem Kumar of Dilsukhnagar and others, stated they entered into unregistered agreements of sale with the respondents, with possession promised by Dec 2023. As of June 2024, construction progress remained at 20%. Despite multiple communications, complainants received either vague or no responses. They alleged diversion of funds, citing continued sales efforts despite the stagnation on-site, with structural work in A and B blocks not even initiated. RERA found that the promoter failed to secure approvals from the HMDA prior to collecting funds, a violation of Sections 3 and 4 of the Act. RERA said respondents are embroiled in several criminal cases on account of complaints filed against them for siphoning funds and are not available to complete the construction and hand over the allotted apartments to them. RERA held the respondents jointly and severally liable to refund the amounts collected from buyers, along with statutory interest from the date of agreement until refund. Further, RERA ordered the respondents to apply for registration of the project without delay and restrained them from marketing or selling any units until registration is approved. Failure to comply with these directions will attract further penalties under Section 63 of the Act.


Time of India
25-05-2025
- Business
- Time of India
RERA slaps 15L fine on developer
1 2 Hyderabad: The Telangana Real Estate Regulatory Authority (TG RERA) imposed a penalty of 14.9 lakh on a real estate builder and its partners for failing to register their project 'Aura Velimala Phase 1' in Velimala, Sangareddy district, under the provisions of the Real Estate (Regulation and Development) Act, 2016. Additionally, the authority directed the builder to refund amounts paid by 62 allottees along with 11% interest. The complainants, M Prem Kumar of Dilsukhnagar and others, stated they entered into unregistered agreements of sale with the respondents, with possession promised by Dec 2023. As of June 2024, construction progress remained at 20%. Despite multiple communications, complainants received either vague or no responses. They alleged diversion of funds, citing continued sales efforts despite the stagnation on-site, with structural work in A and B blocks not even initiated. RERA found that the promoter failed to secure approvals from the HMDA prior to collecting funds, a violation of Sections 3 and 4 of the Act. RERA said respondents are embroiled in several criminal cases on account of complaints filed against them for siphoning funds and are not available to complete the construction and hand over the allotted apartments to them. 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 RERA held the respondents jointly and severally liable to refund the amounts collected from buyers, along with statutory interest from the date of agreement until refund. Further, RERA ordered the respondents to apply for registration of the project without delay and restrained them from marketing or selling any units until registration is approved. Failure to comply with these directions will attract further penalties under Section 63 of the Act.