TGRERA Slaps Rs 5 Lakh Penalty on Hyderabad Builders for False Information
The Telangana Real Estate Regulatory Authority (TGRERA) has imposed a penalty of Rs 5.97 lakh on two Hyderabad-based builders for submitting false information and failing to complete a project within the stipulated time.
Real EstatePenaltyTgreraHyderabadBuildersReal EstateJul 26, 2025
Complainants, including B. Suresh Goud, S. Lakshmi Chowdhary, V. Dushyanth Reddy, Kukunuru Somi Reddy, Chitti Ramesh Kumar, and Chitti Ratnakar, approached the RERA against these two builders. They alleged that the builders failed to complete the project 'Suvarna Sampada-2,' which was supposed to be completed within three years of receiving HMDA registration on June 30, 2021. Despite the lapse of over six years, the project remains unfinished.
The complainants also reported that the layout was being used as a dumping yard by neighboring villagers due to the negligence of the builders. This misuse of the site has caused significant inconvenience to the residents and potential buyers.
TGRERA Chairman, N Satyanarayana, issued a directive to the builders to pay the penalty of Rs 5,97,237 for submitting false information. Additionally, they have been instructed to complete the development along with the promised infrastructure and hand over possession within 60 days from the date of the order.
The TGRERA's decision is a strong message to real estate developers in Telangana, emphasizing the importance of transparency and accountability in the industry. It aims to protect the interests of homebuyers and ensure that builders adhere to the regulations set by the authority.
The TGRERA, established under the Real Estate (Regulation and Development) Act, 2016, plays a crucial role in regulating the real estate sector in Telangana. It ensures that developers comply with the rules and regulations, promotes transparency, and protects the rights of homebuyers. This recent action against Suvarnabhoomi Infra Developers and Maha Infra and Developers is a testament to the authority's commitment to maintaining the integrity of the real estate market.
Homebuyers in Hyderabad and across Telangana can now feel more secure knowing that the TGRERA is actively monitoring and penalizing developers who do not adhere to the regulations. This move is expected to instill greater confidence in the real estate market and encourage more responsible behavior among developers.
In conclusion, the TGRERA's action against these two builders is a significant step towards ensuring a fair and transparent real estate market in Telangana. It sets a precedent for other developers to follow and highlights the importance of compliance with regulatory standards.
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. It is responsible for regulating the real estate sector in Telangana, ensuring transparency, and protecting the rights of homebuyers.
How much penalty was imposed on the builders?
The TGRERA imposed a penalty of Rs 5,97,237 on Suvarnabhoomi Infra Developers and Maha Infra and Developers for submitting false information.
What project were the builders supposed to complete?
The builders were supposed to complete the 'Suvarna Sampada-2' project, which was registered with HMDA on June 30, 2021, with a completion deadline of three years.
What other issues did the complainants report?
The complainants reported that the layout was being used as a dumping yard by neighboring villagers due to the negligence of the builders, causing significant inconvenience.
How long do the builders have to complete the project?
The builders have been directed to complete the project along with the promised infrastructure and hand over possession within 60 days from the date of the order.
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