TGRERA imposes penalties on Hyderabad-based realtors for violations

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

Hyderabad: Telangana Real Estate Regulatory Authority (TGRERA), in separate cases, imposed penalties against three Hyderabad-based realtors and developers.

In the first case, TGRERA Chairman N Satyanarayana responded to the complaint lodged by Sumit Kumar Soni and Ranjana Bansal (Gachibowli) against Jayathri Infrastructures Pvt Ltd, Kukatpally and imposed a penalty of Rs 18.35 lakh on the construction company for selling and marketing flats of ‘Sky Exotica’ without registering the commercial project as per the RERA Act.

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In the second case, TGRERA imposed a penalty of Rs 54.26 lakh against Krithika Infra Developers (respondent), LB Nagar. TGRERA responded to a complaint lodged by Anuparthi Sandhya Rani, Uppal, against the real estate firm for executing an unregistered Agreement of Sale.

In the third case, TGRERA imposed a penalty of Rs 5 lakh against real estate firm Sunrise Constructions, Ramachandrapuram, for non-registration of sale deed in favour of Shiva Shankar Reddy (complainant), Bhagathnagar, Karimnagar district.

“Execute and register the sale deed in respect of flat no: 411 in ‘Sunrise Abode’, located at Beeramguda main road, Mallikarjuna Nagar, Ramachandrapuram, within 30 days from the date of issuing the TGRERA orders,” orders issued by TGRERA Chairman Satyanarayana said.