HYDERABAD: Cracking the whip on illegal pre-launch sale of residential projects, the Telangana Real Estate Regulatory Authority (TG-RERA) on Thursday slapped a hefty penalty of Rs 4.7 crore on a local builder – the highest fine ever imposed for this violation in the state so far.The decision was...
HYDERABAD: In a first-of-its-kind move in Telangana, authorities have allowed homebuyers to complete stalled residential projects after the builder defaulted, invoking provisions of the Real Estate (Regulation and Development) Act, 2016.Acting on directions from the Telangana Real Estate Regulatory...
HYDERABAD: The Telangana Real Estate Regulatory Authority (TGRERA) ordered a realty developer to pay a penalty of Rs 3,000 per day for non-compliance with its earlier order in a complaint filed by Ch Venkateswara Rao of Khajaguda, Hyderabad.The complaint related to the project — Green Space...
HYDERABAD: The Telangana Real Estate Regulatory Authority (TG-RERA) issued a warning to promoters/developers, real estate agents, and advertisement channels against misleading homebuyers through pre-launch advertisements without valid TG-RERA registration.The authority emphasised that any attempt to...
HYDERABAD: Telangana State Real Estate Regulatory Authority (TGRERA) has ordered Banjara Hills-based Bhuvanteza Infra Project Private Limited to pay penalty of 43.7 lakh for allotting units without legal authority in its ‘Tulasi Lake Front' project at Suraram in Medchal–Malkajgiri district. The...
HYDERABAD: The Telangana Real Estate Regulatory Authority (TGRERA) has directed Apoorva Infra to compensate buyers of plots in its "Swaminarayana Eco Township" development in Undrugonda, Chivemla mandal, Suryapet district, on the grounds that the developer failed to complete the project.TGRERA issued...
HYDERABAD: In a significant order, the Telangana Real Estate Regulatory Authority (RERA) Appellate Tribunal has clarified that landowners who enter into joint development agreements (JDAs) with builders are not "allottees" or "aggrieved persons" under the RERA Act, and therefore cannot seek redressal...
HYDERABAD: Telangana Real Estate Regulatory Authority (TGRERA) has imposed a fine of 6.4 lakh on Bhuvanteza Infra and directed the company to refund the entire amount paid by buyers in three separate cases involving unregistered and delayed housing projects. The Authority, in its order on Sept 30,...
HYDERABAD: The Telangana Real Estate Regulatory Authority (TGRERA) imposed penalties against three developers for failing to deliver projects on time and violating provisions of the Real Estate (Regulation and Development) Act. Orders were issued on Sept 29.In the first case, Sumit Kumar Soni and...
HYDERABAD: The Telangana Real Estate Regulatory Authority (TG RERA) has imposed a penalty of Rs 25.8 lakh on Sunrise Infra Properties for advertising and selling plots in its Siri Vanam project without the mandatory approvals.Acting on a third-party complaint, TG RERA found that the company was...