The Telangana High Court has directed three Spectra Group companies to file counter affidavits in response to allegations of large-scale financial irregularities, diversion of funds and violations of RERA provisions. Hearing a PIL, the court was told that over Rs 5,000 crore had allegedly been collected from prospective plot buyers and diverted to other group entities, affecting nearly 10,000 families.
Telangana RERA has imposed penalties on three Hyderabad-based realtors for violating RERA Act. Jayathri Infrastructures, Krithika Infra Developers, and Sunrise Constructions were fined for unregistered projects, unregistered agreements, and non-registration of sale deeds
TG RERA has directed builder Prime Infratech and its partners to register an association of allottees within 45 days. Villa owner Budi Venkata Ramana accused them of collecting unauthorized funds and failing to register the promised society.
