Hyderabad: Telangana Real Estate Regulatory Authority (TGRERA) has slapped over Rs 77 lakh penalties on three Hyderabad-based real estate firms.
The action followed the complaints from home buyers about violations by the relators. The complaints ranged from non-registration of projects to irregular sale agreements.
Jayathri Infrastructures: Selling flats without project registration
In the first case, Jayathri Infrastructures Pvt Ltd, Kukatpally, was fined Rs 18.35 lakh. A complaint filed by Sumit Kumar Soni and Ranjana Bansal of Gachibowli revealed that the company was selling and marketing flats in its project Sky Exotica without registering the project with TGRERA.
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.
By bypassing this requirement, the company denied buyers crucial safeguards such as project details, delivery timelines, and accountability under RERA.
Krithika Infra Developers: Executing unregistered sale agreement
The second case involved Krithika Infra Developers, LB Nagar, which was penalised Rs 54.26 lakh, the highest among the three. Anuparthi Sandhya Rani of Uppal complained that the firm executed an unregistered Agreement of Sale for a property transaction.
Violation explained: RERA mandates that all Agreements of Sale must be registered to ensure the buyer’s legal rights over the property are protected. By executing an unregistered agreement, the developer created legal uncertainty for the buyer and undermined transparency in the transaction.
Sunrise Constructions: Failure to register the sale deed
In the third case, Sunrise Constructions, Ramachandrapuram, was fined Rs 5 lakh following a complaint from Shiva Shankar Reddy of Karimnagar district. The developer failed to register a sale deed for Flat No. 411 in ‘Sunrise Abode’, despite having received payment.
Violation explained: Registration of the sale deed is the final legal step transferring ownership rights to the buyer. Failure to execute it within the stipulated time leaves buyers vulnerable, even after investing substantial sums.
TGRERA Chairman N. Satyanarayana ordered Sunrise Constructions to execute and register the pending sale deed within 30 days of the order.
Authority reiterates Buyer Protection
Through these actions, TGRERA reinforced that non-registration of projects, improper agreements, and delays in sale deed execution will not be tolerated. Officials noted that such practices not only violate the law but also compromise buyer interests and erode trust in the real estate sector.
