TGRERA Imposes Penalties on Hyderabad-Based Realtors for RERA Violations
The Telangana Real Estate Regulatory Authority (TGRERA) has imposed penalties on three Hyderabad-based realtors for violating the RERA Act. The penalties were issued for unregistered projects, unregistered agreements, and non-registration of sale deeds.
TgreraRera ActReal EstatePenaltiesHyderabadReal EstateSep 29, 2025
In the first case, TGRERA Chairman N Satyanarayana responded to a complaint filed by Sumit Kumar Soni and Ranjana Bansal from Gachibowli against Jayathri Infrastructures Pvt Ltd, based in Kukatpally. The construction company was fined Rs 18.35 lakh for selling and marketing flats in the ‘Sky Exotica’ project without registering it as required by the RERA Act.
In the second case, TGRERA imposed a penalty of Rs 54.26 lakh on Krithika Infra Developers, located in LB Nagar. The complaint was lodged by Anuparthi Sandhya Rani from Uppal, who accused the real estate firm of executing an unregistered Agreement of Sale.
In the third case, TGRERA imposed a penalty of Rs 5 lakh on Sunrise Constructions, based in Ramachandrapuram, for not registering the sale deed in favor of Shiva Shankar Reddy from Bhagathnagar in Karimnagar district. The TGRERA orders specified that the firm must execute and register the sale deed for flat no: 411 in ‘Sunrise Abode’, located at Beeramguda Main Road, Mallikarjuna Nagar, Ramachandrapuram, within 30 days from the date of the TGRERA orders.
These penalties highlight the TGRERA's commitment to ensuring compliance with the RERA Act and protecting the rights of homebuyers. The regulatory authority has been actively monitoring real estate projects in the state to ensure that all developments are registered and that all agreements are in compliance with the law. This move is expected to enhance transparency and accountability in the real estate sector, fostering a more trustworthy and reliable market for both developers and buyers.
The TGRERA's actions serve as a deterrent to other realtors who might be considering similar violations. The authority's proactive approach is crucial in maintaining the integrity of the real estate market and ensuring that homebuyers are not cheated or misled. Homebuyers are advised to verify the registration status of projects and agreements before making any financial commitments to avoid legal complications and financial losses.
For more information on the RERA Act and how to verify the registration status of real estate projects, homebuyers can visit the official TGRERA website or contact the authority directly. The TGRERA's efforts are a significant step towards a more regulated and transparent real estate market in Telangana.
Frequently Asked Questions
What is TGRERA?
TGRERA stands for Telangana Real Estate Regulatory Authority. It is a regulatory body established under the RERA Act to ensure compliance with real estate regulations and protect the interests of homebuyers and developers in Telangana.
What are the common violations that TGRERA penalizes?
Common violations include unregistered projects, unregistered agreements, non-registration of sale deeds, and failure to comply with the RERA Act's transparency and disclosure requirements.
How can homebuyers verify the registration status of a real estate project?
Homebuyers can verify the registration status of a real estate project by visiting the official TGRERA website or contacting the authority directly. They can also check the project's registration number and other details provided by the developer.
What are the penalties for RERA violations?
The penalties for RERA violations can vary but typically include fines ranging from a few lakhs to several crores, depending on the severity of the violation. In some cases, developers may also face legal action and project suspension.
How does TGRERA's enforcement benefit homebuyers?
TGRERA's enforcement actions help protect homebuyers by ensuring that real estate projects are transparent, compliant, and registered. This reduces the risk of fraud and ensures that homebuyers' investments are secure and legally protected.
Related News Articles
Retail Revolution: India's Retail Space Expected to Boom by 50%
The top seven cities in India, including Mumbai, Delhi NCR, Bengaluru, Hyderabad, Pune, Kolkata, and Chennai, are projected to witness a surge in retail space, with Delhi NCR leading the charge.
Insolvency Proceedings Initiated Against Jaiprakash Associates by NCLT
The National Company Law Tribunal (NCLT) has initiated insolvency proceedings against Jaiprakash Associates, a leading real estate developer, following a plea by ICICI Bank.
Whiteland Corp Partners with Marriott International for Luxurious Housing Project in Gurgaon
Real estate developer Whiteland Corporation has signed an agreement with Marriott International to bring Westin Residences to Gurgaon, offering a luxurious housing project with hotel-inspired lifestyle
New LTCG Rules Bring Relief to Homeowners, Boost Real Estate Stocks
The Finance Minister's decision to amend the LTCG rules has brought cheer to homeowners and boosted real estate stocks. Here's what it means for you.
Shaping Urban India: The Evolution of Real Estate Since Independence
India's real estate sector has played a pivotal role in shaping urban development since independence. With the urban population growing from 62 million in 1947 to over 485 million today, the sector has undergone significant transformations.
Mumbai Police Arrests Conman Who Duped Real Estate Developer of ₹4 Crore and 3.5Kg Gold
Worli police apprehended Dhirendra Chandrakant Shukla, a wanted real estate agent, for duping Avighna Group of Rs2 crore and 3.5kg gold by promising a vacant plot in Worli for development.