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TG RERA declares realtor Madhirala Rosi Reddy a defaulter; buyer wins after five failed registration promises
['Sistla Dakshina Murthy']
Newsmeter | Latest Regional breaking news from Telangana and Andhra Pradesh
After seeking a refund of the unofficial payment of ₹20 lakh, Rosi Reddy allegedly issued two cheques of ₹10 lakh each.
RERA rejects 'old layout' defenceSKA Realtors LLP argued that the layout had originally been approved in 2007 and therefore did not require RERA registration.
It also claimed that Rosi Reddy had acted beyond his authority by collecting ₹20 lakh without the firm's knowledge.
Realtor declared defaulter for misrepresentationThe Authority found that Rosi Reddy, a registered real estate agent operating through Fortune 99 Homes and Lavoura Developers Pvt.
Additionally, TG RERA directed its Secretary to verify whether another respondent, Yella Veeranjaneya Reddy alias Anji Reddy, held RERA registration as a real estate agent and initiate appropriate proceedings if any violations are established.