RERA Orders Builder to Refund Buyers for Project Delay in Telangana
Real Estate

RERA Orders Builder to Refund Buyers for Project Delay in Telangana

The Telangana Real Estate Regulatory Authority (TGRERA) has ordered R Homes Realtors Global LLP to refund six buyers for delays in completing a residential project at Beeramguda. The buyers had booked flats in Jai Vasavi’s ORR Heights in 2021, paying over Rs eight million.

The builder promised construction would start by January 2022 and flats would be handed over within thirty months of approvals. However, even after more than two years, only initial digging work was done. The builder changed building plans from five floors to nine without informing buyers or obtaining consent.

RERA found that the builder collected money and signed agreements before registering the project or obtaining approvals from the Hyderabad Metropolitan Development Authority, violating Section three of the Real Estate (Regulation and Development) Act. Despite repeated notices, the builder did not respond.

RERA ruled that buyers can cancel bookings and receive a refund but are not eligible for interest as final approval was granted in September 2022, and the builder has time until September 2025 to complete the project. The builder was also directed to pay a penalty of Rs 60,600 thousands to the RERA fund within thirty days and refund buyers within ninety days.

Source:Deccan Chronicle

The Telangana Real Estate Regulatory Authority (TGRERA) has ordered R Homes Realtors Global LLP to refund six buyers for delays in completing a residential project at Beeramguda. The buyers had booked flats in Jai Vasavi’s ORR Heights in 2021, paying over Rs eight million.The builder promised construction would start by January 2022 and flats would be handed over within thirty months of approvals. However, even after more than two years, only initial digging work was done. The builder changed building plans from five floors to nine without informing buyers or obtaining consent.RERA found that the builder collected money and signed agreements before registering the project or obtaining approvals from the Hyderabad Metropolitan Development Authority, violating Section three of the Real Estate (Regulation and Development) Act. Despite repeated notices, the builder did not respond.RERA ruled that buyers can cancel bookings and receive a refund but are not eligible for interest as final approval was granted in September 2022, and the builder has time until September 2025 to complete the project. The builder was also directed to pay a penalty of Rs 60,600 thousands to the RERA fund within thirty days and refund buyers within ninety days.Source:Deccan Chronicle

Next Story
Infrastructure Urban

Postal Dept Unveils Stamp Honouring 125 Years of Kodaikanal Observatory

The Department of Posts is proud to release a commemorative postage stamp celebrating 125 years of the Kodaikanal Solar Observatory (KSO). Recognising the legacy of the KSO through this special stamp is a fitting tribute to one of India’s most significant scientific institutions and highlights the nation’s long-standing contribution to global science.The Commemorative stamp was released by S Rajendra Kumar, Chief Postmaster General, Karnataka Circle in the gracious presence of A S Kiran Kumar, Chairperson, Governing Council, IIA and Former Chairman, ISRO and other esteemed guests at Indian..

Next Story
Infrastructure Urban

IIFT Sets Up First Overseas Campus and Expands Global Reach in Dubai

The Indian Institute of Foreign Trade (IIFT), an autonomous body under the Ministry of Commerce and Industry, Government of India, has announced the establishment of its first overseas campus in Dubai, United Arab Emirates. This marks a key step in expanding IIFT’s global presence and strengthening India’s engagement in international business education.This historic development has been made possible with the approvals from the Ministry of Education, and No Objection Certificates from the Ministry of External Affairs, Ministry of Home Affairs, and the University Grants Commission. It marks..

Next Story
Infrastructure Energy

KEC International Bags Rs 11.33 Bn Transmission & Distribution Orders

KEC International, a prominent global infrastructure EPC company and a part of the RPG Group, announced that it had secured new transmission and distribution (T\&D) project orders worth Rs 11.33 billion in India. The company’s shares were expected to draw attention on Monday, May 19.The newly won orders include a significant contract from Power Grid Corporation of India (PGCIL) for the construction of a ±800 kV HVDC transmission line along with a 765 kV GIS substation. Additionally, KEC International secured an order from a leading private developer for a 400 kV Quad transmission line.V..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?