TG RERA Rejects Homebuyer’s Plea for Interest on ₹62.5L Refund by Candeur Developers

Hyderabad: The Telangana Real Estate Regulatory Authority (TG RERA) has dismissed a homebuyer's plea seeking interest on ₹62.5 lakh refunded by Candeur Developers & Builders. A bench comprising Chairperson Dr. N. Satyanarayana and members K. Srinivasa Rao and Laxmi Narayana Jannu ruled that there was no statutory violation by the promoter.

The bench also noted that the Real Estate (Regulation and Development) Act, 2016, does not prescribe any mandatory or uniform format for sale deeds.

Dispute Over Draft Sale Deed

The complainant, Ravi Kumar Anchoori, represented by his GPA holder Anchoori Yadagiri, had booked Flat No. 703 in Tower-B of the 'Candeur-40' apartment project developed by Candeur Developers. According to the complaint, the buyer paid ₹62.5 lakh, which accounted for more than 65% of the total sale consideration of ₹93.69 lakh, after entering into an Agreement of Sale with the developer on July 21, 2024.

The dispute arose when the developer shared a draft sale deed for registration in December 2024. The buyer alleged that the draft document contained several omissions, including a lack of details about the partnership firm, incorrect mention of the place of execution, absence of link documents establishing title, non-mention of car parking measurements, and missing references related to TDS and registration jurisdiction.

Buyer Sought Refund with Interest

The complainant approached TG RERA seeking a refund of ₹62.5 lakh with interest and compensation, arguing that he was forced to withdraw from the transaction due to the developer’s refusal to correct the sale deed.

Developer Denies Allegations

Candeur Developers denied the allegations and maintained that the draft sale deed complied with all statutory requirements and the terms of the agreement. The developer contended that the buyer had failed to pay the balance sale consideration within the stipulated timeline and raised objections to the draft sale deed only as an afterthought.

During the pendency of the case, the developer refunded the entire ₹62.5 lakh through RTGS in July 2025, although it claimed that deductions were permissible under the agreement. The developer later filed a counter-claim seeking recovery of ₹15.11 lakh, which it said had been refunded in excess.

RERA’s Observations

After examining the submissions of both parties, TG RERA observed that neither the RERA Act nor the Telangana RERA Rules prescribe a mandatory format for a sale deed. The Authority noted that RERA provides a model format only for the Agreement for Sale, while the sale deed is governed primarily by registration laws and the contractual terms agreed upon between the parties.

It further observed that the objections raised by the complainant were largely related to drafting preferences rather than violations of statutory provisions.

Interest Claim Rejected

Since the developer had already refunded the entire principal amount of ₹62.5 lakh, the Authority held that the complainant was not entitled to interest under RERA, as no statutory default by the promoter was established.

Counter-Claim Also Dismissed

TG RERA also rejected the developer’s counter-claim for ₹15.11 lakh, noting that once the builder voluntarily refunded the full amount and the complainant accepted it, the matter had effectively reached finality.

Final Verdict

The Authority concluded that the complaint was devoid of merit and dismissed it, while also rejecting the developer’s counter-claim, thereby closing the dispute between the parties.