Telangana RERA penalizes five developers for flouting norms
Telangana RERA penalizes five developers for flouting norms
The rulings were delivered between 25-26 July
The Telangana Real Estate Regulatory Authority (RERA) has imposed fines on real estate developers Suvarnabhoomi Infra Developers (Banjara Hills), Maha Infra Developers (Kondapur), Edifice Projects (Jubilee Hills), 2getherments Infra and Bhuvanteza Infraprojects, following consumer complaints.
The violations regarding villa, flat, and plot sales included project delays, failure to register projects, misleading advertisements, and promised amenities, leading to fines and directives for rectification.
An individual, B Suresh Goud, and five others, filed their grievance against Suvarnabhoomi and Maha Infra for failing to complete the Suvarna Sampada 2 project. While the project was to be completed within three years of obtaining the Hyderabad Metropolitan Development Authority (HMDA) approval; it remained incomplete even after six years.
Even the basic infrastructure, such as streetlights, was missing, and those erected were demolished by the Telangana State Southern Power Distribution Company Limited (TSSPDCL) for being unauthorised. The real estate regulator imposed a joint fine of Rs.5.9 lakh on both developers, ordering them to complete the project within 60 days.
Meanwhile, Doppalapudi Anitha of Bengaluru and others complained against Edifice Projects for failing to register their housing project. It was slapped with Rs.15.2 lakh, with directions to register the project immediately.
Similarly, KSR Togetherments Flat Owners Mutually Aided Co-operative Society complained against 2getherments Infra, accusing it of misleading buyers by falsely advertising amenities and uploading an incorrect agreement for sale on the RERA portal. It has to pay Rs.18 lakh. The developer has been directed to convene a general body meeting to refund or adjust maintenance charges. It must also transfer shops located on the ground and first floors, originally designated as common amenities, to the association.
A complaint from Archana Dhanasetty of Bansilalpet resulted in a Rs.6.4 lakh penalty against Bhuvanteza Infra for not registering the 'Happy Homes phase I' project. Despite receiving Rs.47 lakh in full payment, the construction had not begun. RERA ordered the firm to refund the entire amount to the consumers, with a 10.8 percent annual interest, within 30 days.
