HYDERABAD: The Telangana Real Estate Regulatory Authority (TG RERA) has mandated that R Homes Infra suspend its project, Jai Vasavis Bliss Heights, located in Yamnampet, Ghatkesar. The promoter is instructed to halt all marketing and sales activities immediately due to 11 complaints, including one from Narasimhula Upendra of Hanumakonda, which allege misrepresentation and violations of the Real Estate (Regulation and Development) Act.
The complaints assert that R Homes collected significant funds from prospective buyers during the pre-launch phase by making misleading claims regarding project registrations. Allegedly, the promoter executed 10 agreements prior to receiving RERA registration, in violation of Section 3(1) of the Act. Almost two years post-launch, only basic basement construction has been completed at the site.
RERA indicated that the promoter had not submitted required quarterly progress reports, annual account statements, audit reports, or Form 7 for 2023–24, which certifies fund allocation by a chartered accountant. These deficiencies heightened concerns about potential project abandonment.
Through an interim order on August 21, RERA directed R Homes to cease all marketing, booking, and sales-related activities until further notice. The registrar was instructed to inform local sub-registrars to refrain from registering any agreements or conveyances for the project. Additionally, the authority ordered the freezing of the project’s designated bank accounts and mandated that the abeyance status be posted on the TG RERA website.
The case is set for further hearing, and R Homes has been requested to provide a response. Noncompliance may lead to penalties under Section 63 of the Act, including ex parte proceedings.
