Beware of Fake Property Ads on Social Media: TGRERA Issues Warning
The Telangana Real Estate Regulatory Authority (TGRERA) has cautioned people against buying properties based on social media ads and pre-launch sales.
Real Estate Regulatory AuthorityTgreraProperty AdsSocial MediaPrelaunch SalesReal EstateSep 13, 2024
People should be cautious when buying properties, especially those advertised on social media, said Srinivasa Rao, member-2 of the state RERA Tribunal. He advised buyers to only purchase RERA-registered properties to avoid any disputes. Some developers have sold flats built on disputed lands and fraudulent survey numbers under the guise of pre-launch sales.
According to RERA officials, common violations reported include fraudulent survey numbers, pre-launch sales, delayed project completion, not allotting car parking, constructing houses and flats in areas marked for amenities, and selling them. Any area marked as an open space in the layout should be used for amenities, but some developers construct structures in such areas to make additional money.
Buyers have complained about real estate companies taking money without registering plots, inadequate painting, leakages, and insufficient lift capacity. RERA officials warned against real estate ads on social media platforms, which can lead to scamsters approaching property buyers and taking advance payments for non-existent projects.
Fraudulent companies advertise only on social media, instead of reputable newspapers or news channels. People should neither make online payments nor pay cash to such companies before checking with RERA about the project, said an official from the authority.
Information
The Telangana Real Estate Regulatory Authority (TGRERA) was established to regulate the real estate sector in Telangana. The authority is responsible for registering real estate projects and agents, addressing complaints, and ensuring compliance with the Real Estate (Regulation and Development) Act, 2016.
The Telangana Real Estate Regulatory Authority (TGRERA) is a statutory body established by the Government of Telangana to regulate the real estate sector in the state.
Frequently Asked Questions
What is the warning issued by TGRERA?
TGRERA has warned people against buying properties based on social media ads and pre-launch sales.
What are the common violations reported to RERA?
Common violations include fraudulent survey numbers, pre-launch sales, delayed project completion, not allotting car parking, constructing houses and flats in areas marked for amenities, and selling them.
What should buyers do before making a payment?
Buyers should check with RERA about the project before making any payment.
How many complaints has RERA received?
RERA has received 1,872 complaints since its inception.
How many orders has RERA issued?
RERA has issued 1,186 orders, including 30 orders in the last 44 days.
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