HYDERABAD: The Telangana Real Estate Regulatory Authority (TG RERA) directed infrastructure company The Building Co to refund 30 lakh with 11% annual interest to a buyer of a flat in its ‘TBC Rasagna North' project at Pet Basheerabad in Kompally.In an order issued on September 4 under the Real...
HYDERABAD: The Telangana Real Estate Regulatory Authority (TG RERA) ordered Vasavi Realtors LLP to pay interest at the rate of 10.8% per annum to flat buyers of its Vasavi Lake City project at Hafeezpet for failing to deliver possession within the agreed timelines.A group of 23 buyers, including...
HYDERABAD: Telangana Real Estate Regulatory Authority (TG RERA) has ordered R Homes Infra firm to keep its project Jai Vasavis Bliss Heights at Yamnampet, Ghatkesar, in abeyance and directed the promoter to cease all marketing and sales activities with immediate effect. The authority acted on 11 complaints, including...
HYDERABAD: Telangana Real Estate Regulatory Authority has imposed a penalty of 27 lakh on Googee Properties Pvt. Ltd. for marketing and selling plots in its ‘satellite township' at Nomula village, Ibrahimpatnam mandal, Rangareddy district, without securing mandatory project registration or layout approvals. Acting on...
HYDERABAD: The Telangana Real Estate Regulatory Authority (RERA) issued a directive to a real estate developer to refund money collected from property buyers along with interest for failing to deliver its project on time. The decision followed complaints from two buyers regarding breach of agreement and non-compliance...
HYDERABAD: In a series of rulings delivered between July 24 and 25, the Telangana Real Estate Regulatory Authority (RERA) imposed penalties on multiple real estate developers for violations related to villa, flat, and plot sales.The action followed complaints filed by aggrieved consumers against five...
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...
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...
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...
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...