TGRERA Orders SVM Aditya Homes to Refund ₹25L for Unregistered Villa Sale

Hyderabad: The Telangana Real Estate Regulatory Authority (TGRERA) has issued a stern order to SVM Aditya Homes, mandating the builder to refund ₹25 lakh to Balgam Narendar, a resident of Ameenpur. The refund, along with interest, is required after the builder was found to have marketed and sold units in its “Tech Homes” project without the necessary RERA registration and statutory approvals.

The case was initiated by Balgam Narendar, who booked a villa in January 2023 by paying ₹25 lakh in multiple instalments. However, the project, which spans a large land parcel with over 180 units, was neither registered with TGRERA nor approved by the Hyderabad Metropolitan Development Authority (HMDA), both of which are mandatory under the law.

Despite repeated assurances, the developer failed to secure these approvals even after more than two years, while continuing to collect money from buyers. This raised significant red flags among potential homebuyers.

One of the most concerning issues highlighted by the complainant was the frequent change in the allotted villa number. The builder altered the villa number from 180 to 190 and later to 88, without obtaining the buyer's consent. Additionally, the project documentation contained errors, including incorrect survey details, which remained unresolved despite multiple follow-ups.

In June 2025, the builder allegedly issued a cancellation email without the buyer's consent and stopped responding to calls and emails. This unilateral action caused significant financial stress for the complainant, who faced loan interest and the loss of potential property appreciation due to the prolonged delay.

TGRERA observed that the developer had violated Section 3 of the Real Estate (Regulation and Development) Act, 2016, by marketing and selling units without registering the project. The Authority noted that the project did not qualify for any exemption and required mandatory registration before any sale or booking activity.

Invoking the provisions of the Act, TGRERA directed SVM Aditya Homes to refund the entire ₹25 lakh paid by the complainant, along with interest at 10.75% per annum, calculated from the dates of payment until realization. The refund must be completed within 30 days.

In addition to the refund, TGRERA has barred the developer from advertising, marketing, or selling any units in the project until it is duly registered. The Authority has also initiated penalty proceedings against the builder for violating legal provisions.

This ruling underscores the regulator's strict stance against unregistered projects and serves as a warning to developers who flout norms. It also reinforces the protections available to homebuyers under RERA, ensuring accountability and transparency in the real estate sector.

The decision by TGRERA is expected to set a precedent and encourage other builders to comply with the regulations, thereby protecting the interests of homebuyers and maintaining the integrity of the real estate market in Telangana.