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Can plotted layout be marketed as villa project? TGRERA slams Aditya Green, slaps ₹28.10L fine
['Sistla Dakshina Murthy']
Newsmeter | Latest Regional breaking news from Telangana and Andhra Pradesh
Hyderabad: A Telangana RERA-registered plotted layout was marketed to buyers as a villa project, complete with model houses and even a one-kilo silver offer for those booking a house.
The TG RERA has now termed the practice an unfair trade practice and imposed a ₹28.10 lakh penalty on the promoters of Aditya Green Homes.
The order also found that the promoters had obtained RERA registration for a plotted development, but subsequently advertised, marketed and developed the project as a residential villa community without obtaining separate registration for the villa project.
Plotted layout on paper, villa project in the marketTG RERA noted that Aditya Green Homes was registered under RERA Registration No.
According to the Authority, the promoters obtained registration for a plotted layout while simultaneously conceiving, advertising, marketing and executing a residential villa project.