Hyderabad Builder of Noveo Homes Directed to Address Water Seepage and Provide Solutions

Hyderabad's real estate market has seen a significant push for quality and safety measures, with the latest directive issued to the builders of Noveo Homes to address water seepage issues and provide comprehensive solutions.

Hyderabad Real Estate MarketTgreraNoveo HomesWater SeepageReal Estate RegulationReal Estate NewsApr 28, 2025

Hyderabad Builder of Noveo Homes Directed to Address Water Seepage and Provide Solutions
Real Estate News:Hyderabad, one of India's fastest-growing cities, has been witnessing a boom in the real estate sector. The demand for quality housing has never been higher, and residents are increasingly looking for homes that offer both comfort and durability. However, a recent issue has emerged that has raised concerns among homeowners in the Noveo Homes project, a prominent development in the city.

The Telangana Real Estate Regulatory Authority (TGRERA) has ordered the builders of Noveo Homes to investigate and address water seepage problems in several units within the complex. This directive comes after multiple complaints from residents who have reported water seeping through walls and ceilings, leading to dampness and potential structural issues.

TGRERA, established under the Real Estate (Regulation and Development) Act, 2016, is responsible for ensuring transparency, fairness, and accountability in the real estate sector. The authority has a crucial role in protecting the interests of homebuyers and maintaining high standards in construction practices.

According to the order, the builders have been instructed to conduct a thorough inspection of the affected units and provide a detailed report on the extent of the water seepage. The report should include the root causes of the issue and a comprehensive plan to rectify the problems. The builders have been given a deadline to submit the report and initiate the necessary corrective measures.

Residents of Noveo Homes have expressed their frustration and disappointment over the water seepage issues. Many have reported that the dampness has affected the aesthetic appearance of their homes and raised concerns about the structural integrity of the buildings. Some residents have even reported health issues, such as mold and respiratory problems, which they attribute to the damp conditions.

The builder of Noveo Homes, a well-known real estate developer in Hyderabad, has acknowledged the issues and pledged to take immediate action. In a statement, the company spokesperson said, 'We take the concerns of our residents very seriously and are committed to addressing the water seepage issues as quickly and effectively as possible. Our team of experts is already on the ground, conducting inspections, and we will ensure that all necessary repairs are made to restore the quality of our homes.'

The recent directive from TGRERA highlights the growing emphasis on quality and safety in the real estate market. Homebuyers are becoming more aware of their rights and the importance of choosing reputable developers who adhere to high standards of construction and maintenance. The Noveo Homes case serves as a reminder to both developers and buyers that transparency and accountability are essential for building trust in the real estate sector.

As the real estate market in Hyderabad continues to grow, it is crucial for developers to prioritize the well-being of their residents and the longevity of their projects. The actions taken by TGRERA and the response from Noveo Homes' builders demonstrate a commitment to addressing issues and ensuring the satisfaction of homebuyers.

In conclusion, the recent directive to address water seepage issues at Noveo Homes is a positive step towards maintaining the quality and integrity of real estate developments in Hyderabad. It underscores the importance of regulatory oversight and the responsibility of builders to uphold high standards in construction and maintenance.

Frequently Asked Questions

What is the main issue with Noveo Homes in Hyderabad?

The main issue with Noveo Homes in Hyderabad is water seepage, which has been reported by residents in several units, leading to dampness, potential structural issues, and health concerns.

Who has ordered the builders of Noveo Homes to address the water seepage issues?

The Telangana Real Estate Regulatory Authority (TGRERA) has ordered the builders of Noveo Homes to investigate and address the water seepage problems.

What is TGRERA, and what is its role?

TGRERA is the Telangana Real Estate Regulatory Authority, established under the Real Estate (Regulation and Development) Act, 2016. Its role is to ensure transparency, fairness, and accountability in the real estate sector and protect the interests of homebuyers.

What actions have the builders of Noveo Homes taken to address the water seepage issues?

The builders of Noveo Homes have acknowledged the issues and pledged to take immediate action. They have committed to conducting thorough inspections and providing a detailed report on the extent of the water seepage and the necessary corrective measures.

How does this case impact the real estate market in Hyderabad?

This case highlights the growing emphasis on quality and safety in the real estate market. It underscores the importance of regulatory oversight and the responsibility of builders to uphold high standards in construction and maintenance, which is crucial for building trust in the real estate sector.

Related News Articles

Income Tax Department Issues Clarification on LTCG Calculations for Pre-2001 Real Estate
Real Estate Maharashtra

Income Tax Department Issues Clarification on LTCG Calculations for Pre-2001 Real Estate

The Income Tax Department has issued a clarification regarding the acquisition cost of real estate bought before 2001, providing new guidelines.

July 30, 2024
Read Article
Credit Suisse Real Estate Fund Liquidated: UBS Fund Management Takes Control
real estate news

Credit Suisse Real Estate Fund Liquidated: UBS Fund Management Takes Control

UBS Fund Management has decided to put the Credit Suisse Real Estate Fund International into an orderly liquidation to preserve investor interests.

August 15, 2024
Read Article
Prestige Estates Launches QIP to Raise Up to Rs 5,000 Crore
real estate news

Prestige Estates Launches QIP to Raise Up to Rs 5,000 Crore

Bengaluru-based Prestige Estates is one of the leading developers in the country, with a significant presence in the South India market.

August 31, 2024
Read Article
Maha RERA to Appoint Retired Tehsildars for Recovery in Mumbai
Real Estate

Maha RERA to Appoint Retired Tehsildars for Recovery in Mumbai

The Maharashtra Real Estate Regulatory Authority (MahaRERA) is set to appoint retired Tehsildars to aid in the recovery of funds and resolve disputes in Mumbai and Pune.

December 4, 2024
Read Article
Flex Space Operators Capitalize on Rising Demand in the Real Estate Market
real estate news

Flex Space Operators Capitalize on Rising Demand in the Real Estate Market

As companies increasingly opt for flex spaces to optimize costs and enhance employee satisfaction, flex space operators are actively tapping into the market to secure funding and expand their operations.

December 16, 2024
Read Article
Build Capital to Invest Rs 400 Cr in Mumbai Property Market in 2025
real estate news

Build Capital to Invest Rs 400 Cr in Mumbai Property Market in 2025

Build Capital aims to address the early-stage financing gaps in the real estate market by investing Rs 400 crore in the Mumbai region in 2025.

January 23, 2025
Read Article