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HYDERABAD: The Telangana Real Estate Regulatory Authority (TGRERA) has levied a penalty of ₹4.5 lakh on Roy All Diamond Infra Developers for misrepresentation and unauthorized marketing of a residential plot. The authority found that the firm had taken ₹9 lakh from complainant Madikonda Mallesh despite not having any legal ownership or authorization over the property.
Mallesh, a 40-year-old government employee from Mallapur, lodged a complaint after realizing that the plot he intended to buy in the undertaking ‘Kaasvi E-City’ did not actually belong to the developer. In his complaint, he reported that Nayak, who claimed to be a partner in Roy All Diamond Infra Developers, asserted he was the rightful owner of Plot No. 43, which is 150 square yards in size, located in Ferozguda village, Ibrahimpatnam mandal. Nayak demanded a total of ₹36 lakh and received ₹9 lakh as an advance through several payments made in March 2024.
Nayak signed a sale agreement on June 7, 2024, stating that the remaining ₹27 lakh was to be paid within 40 days. However, he then became untraceable. Upon reviewing the property’s Encumbrance Certificate, Mallesh discovered that the land belonged to a different real estate developer. Additionally, the RERA registration number cited in the respondent’s promotional material was proven to be false.
TGRERA mandates a refund with interest and orders an investigation into project promoters
TGRERA’s investigation revealed that the respondent had no legal claim to the land, violating Sections 11(4)(a) and 12 of the Real Estate (Regulation and Development) Act, 2016. Apart from imposing the penalty under Section 61, the authority directed the respondent to refund the ₹9 lakh received from Mallesh along with 11% annual interest, calculated from the date of each payment until the amount is fully returned. This refund must be completed within 30 days of the order.
Highlighting “unauthorized and deceitful actions,” the authority has instructed the Telangana RERA secretary to launch an inquiry and issue a show cause notice to the registered promoters of Kaasvi E-City. The notice requires a written response explaining whether Nayak had any authorization to market or collect payments for the project and demands the submission of all relevant agreements and communication.
The order was issued under Sections 37 and 38 of the RERA Act, allowing the authority to take such enforcement measures. The authority has emphasized that any further failure to comply with the refund or penalty payment deadlines will lead to additional sanctions under the Act.
