Latest news with #TGRERA
Time of India
an hour ago
- Business
- Time of India
Telangana Builder Fined ₹6L for Unregistered Project; Buyers to Get Refund
HYDERABAD: The Real Estate Regulatory Authority (TG RERA) imposed a penalty of ₹6.45 lakh on BhuvanTeza Infra Projects, based in Banjara Hills, for failing to register their residential project 'Happy Homes-1' at Shamirpet. Tired of too many ads? go ad free now The project was marketed and sold between 2020 and 2023 without mandatory registration under Section 3 of the Real Estate (Regulation and Development) Act. The complaint was filed by Appam Kiran Kumar of Sumitranagar, Kukatpally, along with three others, who were among the allottees of the proposed apartment project. The buyers stated that the project was promoted aggressively during its pre-launch phase using promotional materials, site plans, and verbal assurances of early possession and legal clearances. The managing director, Chekka Venkata Subramanyam, allegedly claimed that necessary approvals from HMDA, TG RERA, and the revenue department for land conversion were either obtained or imminent. The complainants claimed that land parcels under survey nos 685 and 686 were registered in their names as a form of security. Subsequent development agreements were also executed to consolidate undivided shares for project development. The complainants made payments through cheque, cash, and digital modes, often without formal receipts or registered documentation. However, the complainants found no signs of development or construction at site. Statutory approvals were never furnished, and repeated requests for refunds were met with evasive behaviour, and threats. The project remained unregistered and stalled. TG RERA directed the builder to pay fine of ₹6.4 lakh within 30 days. The developer was also ordered to refund the principal amounts received from complainants. The refund is to be made with 11% interest per annum from dates of payment, within 90 days.
Time of India
an hour ago
- Business
- Time of India
Telangana RERA penalizes Ashritha Group Rs 3L for real estate violations in Jubilee Hills; orders registration of 2 residential flats in favour of homebuyers
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 order pertains to complaints filed by two residents of Miyapur, Srinivasulu Bode and C Malleswari Nandireddy, who entered into agreements of sale in 2021 for two flats of 'Jewels County', a residential project approved by HMDA and registered with RERA. The complainants alleged that the builder failed to honour the agreement terms, retracted earlier receipts, and created confusion around payments. Despite notices and follow-ups, the builder allegedly refused to address their concerns and threatened cancellation of the agreement. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad In its order, TG RERA held the Ashritha Group accountable under section 11(5) of the RE(R&D) Act, 2016, and directed the builder to register the subject flats in favour of the complainants, conditional upon receipt of dues as per the agreed milestone-based payment schedule. The authority imposed a ₹3 lakh fine on the company, with instructions to remit the amount to the RERA fund within 30 days. Ashritha Group contended that the agreements stood cancelled due to the complainants' alleged default in payment and that they were offered a refund. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: One simple trick to get internet without a subscription Techno Mag Learn More Undo The builder claimed that the complainants failed to respond and forfeited their right to seek registration or damages. However, the authority found the builder's actions in violation of statutory duties and partly allowed the complaints.
Time of India
5 days ago
- Business
- Time of India
Telangana pulls up Kavuri Forest Nest developer over poor upkeep, orders restoration of services
Telangana RERA has instructed Kavuri Forest Nest developer to uphold common area maintenance as per the sale agreement, responding to complaints from villa owners about service reductions and extra charges 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 Nest Villa Owners' Maintenance Mutually Aided Co-operative Society. The complainants alleged that despite contractually agreeing to maintain the project for five years from handover at a fixed rate of 50 per square foot, the developer stopped several services since June 2024 while demanding additional charges. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad Issues cited included discontinuation of road sweeping, inadequate security, poor upkeep of gardens, and inoperative facilities like clubhouse, gym, and swimming pool at villa project at Lemoor Road, Tukkuguda. The Authority held that developer's responsibility to maintain common areas remains valid until conveyance was complete. "The respondent cannot unilaterally dilute or withdraw services on the ground that residents have chosen to supplement them through Association," the order stated. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Is it legal? How to get Internet without paying a subscription? Techno Mag Learn More Undo 'Continue maintenance sans reducing service quality' TGRERA clarified that the Association cannot demand services beyond what was agreed under AoS. Any upgrades, additional staffing, or third-party maintenance should be decided and funded by the Association. RERA issued directions under Section 37 of RERA Act, 2016. "The developer needs to continue maintenance without reducing quality or charging extra. The project name, 'Kavuri Forest Nest', must be retained in all communications. Any deviation from plans will attract penalties," it added.
Time of India
5 days ago
- Business
- Time of India
Telangana RERA halts 'Shrivari's Brundavanam' project after buyer complaints; builder barred from selling flats till further orders
Telangana RERA has halted the 'Shrivari's Brundavanam' housing project due to complaints from buyers regarding delayed possession. Despite substantial payments, the builder, Shrivari Constructions, failed to deliver flats by the agreed dates. H YDERABAD: The Telangana Real Estate Regulatory Authority (TGRERA) has put the housing project 'Shrivari's Brundavanam' on hold following a series of complaints from buyers. The project, developed by Shrivari Constructions and represented P Uma Devi, is located at Padmashri Hills in Bandlaguda Jagir municipality in Gandipet mandal in Rangareddy district. According to complaints, the project comprises 80 flats developed under a joint venture with landowners on an equal share agreement. As per the agreements of sale, the promised dates for handing over possession were Feb 2023 and May 2024. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad However, despite substantial payments from buyers, the builder failed to complete the construction or deliver the flats within the stipulated timelines. After reviewing the matter, TGRERA passed interim orders on June 23 placing project in abeyance under Section 7(3) of the Real Estate (Regulation and Development) Act, 2016. The order prohibits the developer from marketing, advertising, booking, selling, or entering into agreements for any flats in the project until further directions. 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 In a related move, TGRERA also instructed the sub-registrar of Gandipet not to process any sale or registration of units pertaining to 'Shrivari's Brundavanam' until further notice. The authority has also issued a public caution not to enter into any transaction or agreement related to the project. The matter remains under regulatory scrutiny pending further hearings.
Time of India
01-06-2025
- 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.
