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Hyderabad: Jayathri Infrastructures, Krithika Infra, Sunrise Constructions fined Rs 77L after homebuyers send SOS to TGRERA
['Sistla Dakshina Murthy']
Newsmeter | Latest Regional breaking news from Telangana and Andhra Pradesh
Hyderabad: Telangana Real Estate Regulatory Authority (TGRERA) has slapped over Rs 77 lakh penalties on three Hyderabad-based real estate firms.
Jayathri Infrastructures: Selling flats without project registrationIn the first case, Jayathri Infrastructures Pvt Ltd, Kukatpally, was fined Rs 18.35 lakh.
Violation explained: As per the RERA Act, no builder is allowed to advertise, market, or sell flats in a real estate project unless it is registered with the authority.
Krithika Infra Developers: Executing unregistered sale agreementThe second case involved Krithika Infra Developers, LB Nagar, which was penalised Rs 54.26 lakh, the highest among the three.
TGRERA Chairman N. Satyanarayana ordered Sunrise Constructions to execute and register the pending sale deed within 30 days of the order.