TGRERA Issues Warning Against Hyderabad Real Estate Project Shrivari Brundavanam
The Telangana Real Estate Regulatory Authority (TGRERA) has issued a caution to customers, advising them against entering into sale agreements with the Shrivari Brundavanam project in Bandlaguda Jagir, due to delays and complaints.
Real EstateTgreraShrivari ConstructionsHyderabadReal Estate RegulationReal EstateJul 10, 2025
The Shrivari Brundavanam project involves the construction of 80 flats in collaboration with landowners on an equal share basis. According to the agreement of sale executed with individual allottees, possession was to be delivered by February 2023 and May 2024. However, despite substantial payments made by the allottees, the builder failed to complete the construction and hand over possession within the agreed timelines.
To safeguard the interests of the allottees, the TGRERA passed interim orders and stated that the real estate project is kept in abeyance. The authority has also restrained the real estate firm from marketing, booking, offering for sale, or inviting any person to purchase units until further orders. Additionally, the TGRERA issued interim orders to the Sub-Registrar of Gandipet not to entertain any registration of sale transactions related to the real estate project until further instructions.
The TGRERA's decision is aimed at ensuring transparency and accountability in the real estate sector, protecting the rights and interests of homebuyers. The authority encourages customers to verify the status of real estate projects and the credibility of developers before entering into any agreements. For more information, customers can visit the TGRERA website or contact the authority directly.
The Telangana Real Estate Regulatory Authority (TGRERA) is a regulatory body established under the Real Estate (Regulation and Development) Act, 2016. Its primary role is to protect the interests of homebuyers, promote fair business practices, and ensure the timely completion and delivery of real estate projects. TGRERA plays a crucial role in maintaining the integrity and trustworthiness of the real estate market in Telangana.
Shrivari Constructions, the developer of the Shrivari Brundavanam project, is a real estate firm based in Hyderabad. The company has been involved in several residential and commercial projects in the region. However, the recent issues with the Shrivari Brundavanam project have raised concerns about the company's ability to meet its commitments to homebuyers.
The TGRERA's interim orders are a significant step in addressing the concerns of affected homebuyers and ensuring that developers adhere to the legal and regulatory requirements. The authority's actions are expected to help restore confidence in the real estate market and prevent similar issues in the future.
Frequently Asked Questions
What is the TGRERA?
The Telangana Real Estate Regulatory Authority (TGRERA) is a regulatory body established under the Real Estate (Regulation and Development) Act, 2016. Its primary role is to protect the interests of homebuyers, promote fair business practices, and ensure the timely completion and delivery of real estate projects.
Why has TGRERA issued a warning against Shrivari Brundavanam?
TGRERA has issued a warning against the Shrivari Brundavanam project due to delays in construction and complaints from allottees who made substantial payments but did not receive possession within the agreed timelines.
What actions has TGRERA taken against Shrivari Constructions?
TGRERA has passed interim orders to keep the Shrivari Brundavanam project in abeyance, restraining the real estate firm from marketing, booking, or selling units until further notice. The Sub-Registrar of Gandipet has also been instructed not to entertain any registration of sale transactions related to the project.
How can homebuyers verify the status of a real estate project?
Homebuyers can verify the status of a real estate project by visiting the TGRERA website or contacting the authority directly. They should also check the developer's compliance with regulatory requirements and the project's registration status.
What is the Shrivari Brundavanam project?
The Shrivari Brundavanam project is a real estate development by Shiravari Constructions, located at Padmashri Hills in Bandlaguda Jagir of Gandipet mandal. The project involves the construction of 80 flats in collaboration with landowners on an equal share basis.
Related News Articles
India's Real Estate Market Set to Reach $10 Trillion by 2047
India's real estate market is expected to grow at a massive 16% annually to hit USD 10 trillion by 2047, driven by six key factors.
Siddhant Das to Resign as ORERA Chairman to Take Up New Role
Siddhant Das has given a three-month notice to the Odisha government to step down as Chairman of the Odisha Real Estate Regulatory Authority (ORERA) in order to assume the position of Chairman of the Central Empowered Committee (CEC) under the Ministry of
Supriya Sule, Sachin Dodke Meet Nitin Gadkari to Discuss National Highway No. 4 Issues
Pune-based MPs Supriya Sule and Sachin Dodke held a meeting with Union Minister Nitin Gadkari to address issues related to National Highway No. 4. The discussion focused on road safety, maintenance, and expansion plans.
Rajiv Bajaj's Family Trust Acquires Rs 72 Crore Property in Pune's Koregaon Park
Rishabh Family Trust, managed by Rajivnayan Bajaj, has recently purchased a prestigious 1.15-acre property in Pune's upscale Koregaon Park for Rs 72 crore. This strategic move underscores the trust's commitment to diversifying its investment portfolio in
Indian Stock Market Faces Sharp Decline as Various Sectors Take a Hit
The Indian stock market witnessed a significant plunge of over 1% today, driven by mixed economic cues. Key sectors such as real estate, public sector banks, metals, auto, and pharma experienced substantial declines, with the real estate sector being the
Ramky Estates Launches Second Season of RPL: Ramky Premiere League
Ramky Estates, a leading real estate developer, has announced the second season of the Ramky Premiere League (RPL), an initiative aimed at fostering community spirit and promoting a healthy lifestyle. This aligns with our vision of creating integrated, th