Buildox Fined for Unapproved Flat Booking
Real Estate

Buildox Fined for Unapproved Flat Booking

Buildox, a real estate developer in Telangana, has been fined for collecting booking amounts for flats without obtaining the necessary approval from the Telangana Real Estate Regulatory Authority (RERA). The developer’s actions were deemed a violation of RERA guidelines, which require all real estate projects to be registered before any bookings or advance payments can be made.

The fine imposed highlights the importance of compliance with the regulatory framework governing real estate transactions in the state. Under RERA, builders and developers are obligated to ensure that their projects are registered and meet all statutory requirements before engaging in any sales or bookings. The penalty aims to uphold the integrity of the real estate market and protect consumers from potential fraud or unregulated developments.

This incident serves as a reminder to real estate developers to adhere strictly to RERA regulations, which are designed to bring transparency, accountability, and consumer protection to the sector. For prospective buyers, it emphasizes the need to ensure that any flat booking or purchase is made only after proper RERA approval is in place, ensuring that their investment is safe and legally compliant.

RERA has become a crucial mechanism in regulating the real estate sector across India, and such fines reinforce the need for developers to follow due process and maintain trust with consumers. The case against Buildox demonstrates the authority's commitment to enforcing these rules and safeguarding the interests of homebuyers in the state.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Buildox, a real estate developer in Telangana, has been fined for collecting booking amounts for flats without obtaining the necessary approval from the Telangana Real Estate Regulatory Authority (RERA). The developer’s actions were deemed a violation of RERA guidelines, which require all real estate projects to be registered before any bookings or advance payments can be made. The fine imposed highlights the importance of compliance with the regulatory framework governing real estate transactions in the state. Under RERA, builders and developers are obligated to ensure that their projects are registered and meet all statutory requirements before engaging in any sales or bookings. The penalty aims to uphold the integrity of the real estate market and protect consumers from potential fraud or unregulated developments. This incident serves as a reminder to real estate developers to adhere strictly to RERA regulations, which are designed to bring transparency, accountability, and consumer protection to the sector. For prospective buyers, it emphasizes the need to ensure that any flat booking or purchase is made only after proper RERA approval is in place, ensuring that their investment is safe and legally compliant. RERA has become a crucial mechanism in regulating the real estate sector across India, and such fines reinforce the need for developers to follow due process and maintain trust with consumers. The case against Buildox demonstrates the authority's commitment to enforcing these rules and safeguarding the interests of homebuyers in the state.

Next Story
Real Estate

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Next Story
Infrastructure Transport

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Next Story
Infrastructure Transport

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?