Telangana RERA Fines Bharathi Builders ₹4.7 Crore for Pre-Sales
HYDERABAD: The Telangana Real Estate Regulatory Authority (TG-RERA) has taken significant action against unlawful pre-launch sales of residential projects, imposing a landmark penalty of ₹4.7 crore on a local builder—marking the highest fine of its kind in the state. This decision was prompted by numerous complaints from distressed homebuyers who claimed they lost investments in the project. According to TG-RERA’s order, Bharathi Builders Pvt Ltd raised “substantial amounts” from buyers through pre-launch promotions for its project, ‘Bharathi Lake View Apartments’ in Kompally, in 2021, without securing the necessary registration under the Real Estate (Regulation and Development) Act. At the time…