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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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Builder must register villa owners’ association: Telangana RERA

HYDERABAD: The Telangana Real Estate Regulatory Authority (TG-RERA) has directed Prime Infratech, the developer of the Prime Alpenia villa project in Mokila, to establish a formal association of allottees within 45 days. This directive, issued on June 4, came after a villa owner lodged a complaint regarding ongoing harassment and the unlawful collection of funds due to the absence of a registered society. Budi Venkata Ramana, a resident of LB Nagar, reported that he purchased a villa in December 2021 and paid Rs 3,41,000 for corpus and maintenance charges in February 2022, but the promised owners’ association was never formed.…