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Telangana RERA Fines Agent for Promoting Unregistered Flats

HYDERABAD: The Telangana Real Estate Regulatory Authority (TG RERA) has imposed a fine of Rs 6.17 lakh on a real estate agent for promoting an unregistered project and impersonating the builder to issue receipts to buyers. RERA has also instructed builders, Aaditri Housing, to complete the flat and register it in the complainant’s name after clearing the mortgage, with further penalties threatened for any delays. This case arose from a complaint by Venkata Naga Sai Gupta Chegu, a bank manager from Khammam, against Aaditri Housing Pvt. Ltd, along with agents Jakkepalli Sri Lakshmi and Jakkepalli Appa Rao. Sai Gupta claims…

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Telangana RERA Halts ‘Shrivari Brundavanam’ Project Amid Complaints

HYDERABAD: The Telangana Real Estate Regulatory Authority (TGRERA) has suspended the housing project ‘Shrivari’s Brundavanam’ due to multiple complaints from buyers. The project, developed by Shrivari Constructions and represented by P Uma Devi, is situated at Padmashri Hills in Bandlaguda Jagir municipality within Gandipet mandal in Rangareddy district. According to the complaints, the project consists of 80 flats developed under a joint venture agreement with landowners. The sales agreements promised possession dates of February 2023 and May 2024. Despite substantial buyer payments, the builder has failed to complete construction and deliver the flats within the agreed timelines. Following a review,…

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Telangana RERA Criticizes Kavuri Forest Nest Developer for Neglect

HYDERABAD: The Telangana Real Estate Regulatory Authority (TGRERA) has instructed the developer of Kavuri Forest Nest to uphold the maintenance of community common areas as per the sales agreement. This order followed a collective complaint from 10 villa owners against developer Kavuri Ravi Kumar and the Kavuri Forest Nest Villa Owners’ Maintenance Mutually Aided Co-operative Society. The complainants reported that the developer halted several service provisions since June 2024, despite a contractual obligation to maintain the project for five years post-handover at a rate of 50 per square foot, while also seeking extra charges. Among the issues raised were suspended…

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Tamil Nadu RERA Bans Flashy Real Estate Ads with New Rules

CHENNAI: Real estate listings claiming plots and homes just three kilometers from Kilambakkam and two kilometers from GST Road, complete with numerous amenities, have saturated social media and highway advertisements. However, following a recent decree from TNRERA (Tamil Nadu Real Estate Regulatory Authority), builders with vague or misleading advertisements may soon face penalties. With this initiative, TNRERA has delivered a clear message to the real estate sector: deceptive advertising practices will no longer be tolerated. The era of unchecked promotional tactics is coming to an end, granting buyers the transparency they deserve. TNRERA now requires that all real estate advertisements—whether…

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Gujarat RERA Warns on NBFC Funding for Construction Projects

AHMEDABAD: The Gujarat Real Estate Regulatory Authority (GujRERA) has identified significant issues in loan practices adopted by builders and non-banking finance companies (NBFCs) for project financing. These issues include the mortgaging of unsold inventories from other projects and the disbursement of loans without RERA registration. To safeguard buyers’ interests, the authority plans to address these concerns with the state finance department for escalation to the Reserve Bank of India (RBI). GujRERA emphasizes the necessity for a standardized operating procedure for real estate projects funded by NBFCs. Senior officials from GujRERA have noted that builders seeking funds frequently turn to NBFCs,…

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Developers Receive Gujarat RERA Notices for Pre-Registration

AHMEDABAD: The Gujarat Real Estate Regulatory Authority (GujRERA) has commenced issuing notices to developers who are marketing their projects and taking bookings prior to obtaining RERA registration, which violates the RERA Act. Sources report that GujRERA plans to launch a significant campaign against this practice statewide. The authority has also introduced new marketing regulations that will take effect on June 15. According to a source, “The authority has issued warnings to several developers who began promoting their projects and accepting bookings without registering them with RERA. This measure is aimed at ensuring customer safety. In addition to responding to public…

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Telangana RERA Launches Enforcement Wing for Swift Compliance

HYDERABAD: The Telangana Real Estate Regulatory Authority (TGRERA) is set to bolster the regulatory framework in the real estate sector by establishing its own enforcement mechanism for ensuring adherence to its orders. In response to ongoing delays by non-compliant builders and developers, TGRERA now enables district collectors to enforce the Revenue Recovery Act (RRA) and utilize specific civil court powers. This represents a significant transition from a passive regulatory approach to active enforcement. An executive director, likely from the revenue department, will lead the new enforcement unit, supported by a specialized team dedicated to executing TGRERA’s directives. “TGRERA is aligning…

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2,600+ Karnataka Real Estate Projects Expired: RERA Data

BENGALURU: The Karnataka Real Estate Authority (K-Rera) has commenced an investigation into various residential projects that have failed to meet their completion deadlines and have not submitted timely progress reports. According to K-Rera’s recent data, over 2,600 real estate projects are officially labeled as ‘expired’, while more than 2,700 are categorized as ‘lapsed’. Under RERA guidelines, a project is deemed expired when its registration period ends without the builder applying for an extension. It is classified as lapsed if it remains incomplete without a renewal request, invalidating the registration and potentially exposing the builder to penalties and regulatory actions. Out…

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RERA Orders Builder of Expressway Towers to Pay 11% Interest

GURUGRAM: The Haryana Real Estate Regulatory Authority (HRera) has instructed the developer of a high-rise condominium—a budget-friendly housing initiative in Sector 109—to compensate the buyer for delays in possession and to deliver the apartment as stipulated in the purchase agreement. The unit, number 908 in Tower 3 at Expressway Towers 109, was bought for ₹26.26 lakh nine years ago. The builder had promised timely delivery of the 644-square-foot flat, along with a 100-square-foot balcony, but failed to meet the four-year deadline from the allotment date of May 19, 2017. HRera (Gurgaon) ordered the builder to pay interest at an annual…