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 orders in response to three complaints on Feb 3.
In two cases, the authority ordered the promoter to pay interest for the delay; in the third case, it demanded a full refund with interest. The respondent attributed the delay in layout development to the pandemic and legal disputes.
Refund ordered after cheque bounce
In a complaint filed by D Shivannageshwar Rao of Suryapet, TGRERA noted that he had paid Rs 4.3 lakh on June 9, 2022 — one quarter of the total sale consideration of Rs 17.4 lakh. The complainant alleged that the project had not begun due to disputes between the promoter and the landowner and that a refund cheque issued by the promoter had been returned unpaid due to insufficient funds.
TGRERA directed Apoorva Infra to refund Rs 4.3 lakh with interest at 10.7% per annum, calculated from June 9, 2022, within 40 days of receiving the order. RERA also asked the real estate developer to complete the project and restrained them from advertising or selling plots until an extension to their RERA registration is received.
Interest for delay, marketing restraint
In separate complaints filed by Syed Ayesha of Warasiguda and Syed Zeenath of Boudhanagar, both of whom are from Secunderabad, TGRERA noted allegations of negligible development despite the deadline of May 24, 2023.
TGRERA directed the promoter to pay interest at 10.7% per annum on Rs 5.8 lakh in Ayesha’s case. In Zeenath’s case, it asked Apoorva Infra to pay interest on Rs 18 lakh from May 24, 2023, until the final layout is obtained and to seek an extension of registration within 15 days.
