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 orders were passed on Dec 1, 2025. Customers had filed two separate complaints.
In the first case filed by Maheshwaram Padma, a resident of Chintal, Tirumalagiri, the Authority held that the company had committed statutory violations, including allotting a unit (flat) “without having legal entitlement”, misrepresenting itself as owner, collecting amounts without authority, and engaging in unfair trade practices, in contravention of the Real Estate (Regulation and Development) Act.
Based on the findings, TGRERA directed the company to pay a penalty of 21.8 lakh within 30 days, in favour of TGRERA Fund, either through a demand draft or an online transfer. It warned that failure to comply would result in further penalties.
In the second complaint, filed by T Usha Rani of Chintal, Quthbullapur mandal, the Authority recorded that Block 25, from which the company purportedly allotted a flat, “is not a registered block under the project”, and that “allotting units in an unregistered project component is a serious violation”.
The order also noted that the authority had earlier declared the company a “defaulter” as both promoter and agent, and prohibited it from undertaking, advertising, marketing, booking, selling, or registering any new project, or acting as an agent, until dues and compliances were fully discharged.
In the earlier order, RERA had said that as the complainant sought a refund and the respondent expressed willingness to settle, Telangana RERA directed the company to refund the entire sale consideration with interest at 10.7% per annum, accruing from the date of the agreement of sale, Jan 9, 2021, until realisation. In the latest order, a penalty of 21.8 lakh, payable within 30 days, was imposed.
