HYDERABAD: The Telangana Real Estate Regulatory Authority (TGRERA) has fined Bhuvanteza Infra ₹6.4 lakh and ordered a full refund to buyers affected by unregistered and delayed housing projects. In its ruling on September 30, the Authority found the company guilty of multiple infractions, including failure to register projects, misappropriation of customer funds, and not delivering possession.
In one case, Raja Rao Bongu from Shamirpet claimed he was approached by representatives of Devas Infra Ventures Pvt. Ltd., later renamed Bhuvanteza Infra Projects Pvt. Ltd., to book a flat in the ‘Happy Homes Phase-2’ project during March-April 2021. Relying on their promises, he paid ₹6 lakh as a booking amount and was allocated a flat. A sale agreement, signed by company director Chakka Subramanyam on July 22, 2021, assured possession within 36 months of obtaining necessary permissions.
After paying the full consideration of ₹17.3 lakh by November 2021, he was informed the project was canceled and was moved to another project, ‘Happy Homes (1)’ at Babaguda. He paid an additional ₹3.7 lakh in March 2023, bringing his total payment to ₹21 lakh, but no registration occurred.
TGRERA invoked Section 37 of the Real Estate (Regulation and Development) Act, directing Bhuvanteza Infra Projects Pvt. Ltd. to refund the total amount with 10.7% annual interest within 30 days. Additionally, it imposed a penalty of ₹6.4 lakh on the company for failing to register the Happy Homes Phase I project and ₹1 lakh on the intermediary for conducting illegal transactions.
Delays in Velimela and Dundigal projects
In another complaint, Durga Mahanti Vidyasagar from Alkapoor Township accused Bhuvanteza Infrastructures LLP of not delivering flats in two projects, ‘Aura (Velimela)’ and ‘Tulasi Bhagyanagar (Dundigal)’, despite having paid ₹26 lakh out of ₹27 lakh total. He stated that while agreements were signed under ‘Bhuvanteza Infrastructures LLP’, receipts were issued under ‘Bhuvanteza Infra Projects Pvt. Ltd.’, indicating misrepresentation. TGRERA ordered a refund of ₹26 lakh with 10.75% annual interest within 30 days due to breach of contract and project non-delivery, threatening penalties under Section 63 of the RERA Act if ignored.
Project abandonment and unresponsive officials
In the third case, Rekha Rani Patange from Malkajgiri reported that she booked a flat in ‘Happy Home-II’, paying a total of ₹27.7 lakh in two installments. Although she was promised monthly rent compensation until possession, the payments ceased after eight months. She later learned that the project lacked valid construction permissions and was pressured into either purchasing a more expensive duplex or transferring to another project. Ultimately, she was coerced into surrendering her initial sale agreement for a flat in ‘Happy Homes,’ which did not materialize.
Additionally, she alleged that the company registered undivided land shares instead of the promised flats and abandoned the project site. Attempts to reach the firm were unsuccessful, as its Banjara Hills office was locked and the staff could not be contacted.
TGRERA mandated Bhuvanteza Infra Projects Pvt. Ltd. to refund ₹27.7 lakh with 10.7% annual interest within 30 days, confirming violations of the Act by the promoter.
