Telangana RERA Imposes Rs 3 Lakh Fine on Ashritha Group for Real Estate Violations
The Telangana Real Estate Regulatory Authority (TG RERA) has penalized the Ashritha Group in Jubilee Hills, ordering the registration of two residential flats in favor of homebuyers and imposing a fine of ₹3 lakh for violating the Real Estate (Regulation and Development) Act.
Telangana ReraAshritha GroupReal EstateJewels CountyRegulatory AuthorityReal EstateJul 16, 2025
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 in 'Jewels County', a residential project approved by HMDA and registered with RERA. The complainants alleged that the builder failed to honor 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 the cancellation of the agreement.
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 favor of the complainants, conditional upon the receipt of dues as per the agreed milestone-based payment schedule. The authority also 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. 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.
This decision by TG RERA underscores the importance of adherence to the Real Estate (Regulation and Development) Act, ensuring that homebuyers' rights are protected and that builders are held accountable for their obligations. The regulatory body continues to play a crucial role in maintaining transparency and fairness in the real estate sector, particularly in areas like Jubilee Hills, where residential projects are in high demand.
For homebuyers, this ruling serves as a reminder to carefully review agreements and seek legal advice if they encounter any issues with builders. It also highlights the need for builders to maintain clear and transparent communication with their clients to avoid legal disputes and penalties.
In summary, the Telangana RERA's decision to penalize the Ashritha Group and order the registration of the flats in favor of the complainants is a significant step towards ensuring compliance with the Real Estate (Regulation and Development) Act and protecting the interests of homebuyers.
Frequently Asked Questions
What is the Real Estate (Regulation and Development) Act?
The Real Estate (Regulation and Development) Act, 2016, is a law in India that regulates the real estate sector to ensure transparency, accountability, and consumer protection. It requires developers to register their projects with the Real Estate Regulatory Authority (RERA) and adhere to strict guidelines.
Why was the Ashritha Group penalized by TG RERA?
The Ashritha Group was penalized by TG RERA for failing to honor the agreement terms with homebuyers, retracting earlier receipts, and creating confusion around payments. The builder also threatened to cancel the agreements, which were violations of the Real Estate (Regulation and Development) Act.
What is the penalty imposed on the Ashritha Group?
The Telangana RERA imposed a penalty of ₹3 lakh on the Ashritha Group for violating the Real Estate (Regulation and Development) Act. The company was also directed to register the subject flats in favor of the complainants.
What should homebuyers do if they encounter issues with builders?
Homebuyers should carefully review their agreements and seek legal advice if they encounter any issues with builders. They can also file complaints with the Real Estate Regulatory Authority (RERA) for assistance and resolution.
What is the role of the Telangana RERA?
The Telangana Real Estate Regulatory Authority (TG RERA) is responsible for regulating the real estate sector in Telangana. It ensures that developers adhere to the Real Estate (Regulation and Development) Act, protects the interests of homebuyers, and maintains transparency and fairness in the real estate market.
Related News Articles
India's Real Estate Boom: Mumbai, Delhi NCR, and Bengaluru Lead the Way
Discover the top wealth-creating cities in India according to the Grohe-Hurun India report, and how the real estate sector is booming in the country.
Red Fox IT Infra Expands Footprint in Mumbai's Commercial Real Estate Market
Red Fox IT Infra, a subsidiary of Redbrick Offices, has acquired 22 office units in Mumbai's Times Square building, Marol, for INR 267.5 crore, underscoring the rising demand for office space in the city.
Expressway Boom: How Dwarka and Noida-Greater Noida Expressways are Driving the Real Estate Market
Home News Business Real Estate Dwarka Expressway, Noida-Greater Noida... Average property prices along Dwarka Expressway and Noida-Greater Noida Expressway have risen by over 100% between 2021 and 2024.
The Real Story Behind India's Real Estate Boom: Banking on Bricks
Stamp duty reductions, particularly in high-value markets like Mumbai, have significantly boosted property registrations. The Maharashtra government's initiatives have played a crucial role in this surge.
The 23-Year Journey: How a UP Man Purchased Dawood Ibrahim’s Mumbai Shop
Hemant Jain took a significant risk in 2001 by purchasing a Mumbai shop linked to Dawood Ibrahim. Despite numerous bureaucratic obstacles, he finally managed to register the property after a grueling 23-year battle.
Mumbai: BMC Takes Ward-Level Action to Tackle Air Pollution
Following the Bombay High Court's criticism, the Brihanmumbai Municipal Corporation (BMC) has intensified its efforts to control air pollution with ward-level inspections and strict regulations for construction sites.