The Telangana State Real Estate Regulatory Authority (RERA) has directed Bhuvanteza Infra Projects Pvt. Ltd to refund Rs 32 lakh to a homebuyer along with 11.05% annual interest. Additionally, a penalty of Rs 11.46 lakh was imposed on the developer for vi
ReraReal EstatePenaltiesRefundsRegulatory AuthorityReal EstateJan 12, 2025
The Telangana State Real Estate Regulatory Authority (RERA) is a government body established to regulate and promote the real estate sector in Telangana. It ensures transparency, accountability, and timely delivery of projects to homebuyers, protecting their interests and ensuring compliance with real estate laws.
RERA ordered Bhuvanteza Infra Projects Pvt. Ltd to refund Rs 32 lakh to the homebuyer along with 11.05% annual interest. Additionally, a penalty of Rs 11.46 lakh was imposed on the developer for violating real estate laws.
The complainant, Cheruvu Gnana Prasad, filed the case because the developer failed to complete and deliver the promised flat within the agreed time frame. The developer also forced him to sign a development agreement, changing his status from a homebuyer to a landowner, which violated RERA rules.
RERA directed the builder to refund the full amount paid by the complainant with interest, pay a penalty of Rs 11.46 lakh, register the project immediately, and stop all sales or promotions until the registration process is completed.
Yes, RERA allowed the complainant to seek further compensation through a separate legal process, as the request for possession of a partially constructed flat was denied due to a lack of clarity about third-party claims on the property.
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