HYDERABAD: The Telangana Real Estate Regulatory Authority has fined Googee Properties Pvt. Ltd. ₹27 lakh for promoting and selling plots in their ‘satellite township’ at Nomula village in Ibrahimpatnam mandal, Rangareddy district, without the necessary project registrations or layout approvals.
Following complaints from Sumalatha Kamireddy and others, TG RERA determined that the developer accepted significant advances from 12 buyers under a “pre-launch offer,” despite not having the proper statutory clearances. The Authority mandated that all sales and marketing efforts cease until the project obtains the required registration.
Each complainant had reserved a residential plot of approximately 200 square yards through a memorandum of understanding or sale agreement, making considerable advance payments. More than two years later, however, the project site remains undeveloped, with no clear boundaries established for the plots.
While promotional materials described the project as a 1,000-acre integrated township, records indicated only 334 acres and 29 guntas allocated, with the developer possessing around 30 acres in ‘phase II – Business Class’.”
TG RERA stated that the developer had neither registered under Section 3 of the Real Estate (Regulation and Development) Act nor secured layout approval, despite promising buyers multiple times.
The Authority has ordered Googee Properties to refund the amounts paid by the 12 complainants with 10.8% annual interest from the date of booking until the refund is made, in accordance with Rule 15 of the Telangana Real Estate (Regulation and Development) Rules. This penalty and refund must be processed within 30 days. The company is also required to apply for project registration immediately and suspend any sales or promotional activities until registration is completed. Non-compliance will result in further penalties as per Section 63 of the Act.
