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3w ago

TG RERA Steps Up Enforcement with Fresh Penalties and Refund Orders

By demanding project registrations, securing regulatory clearances, ordering interest-bearing refunds, TG RERA has intensified enforcement; it has also published a public list of defaulters.

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Overview

  • On July 18, TG RERA fined Countryside Realtors Rs 38.59 lakh for marketing unapproved villas in its Westend Greens project without HMDA or RERA permissions.
  • Sandstone Infra (India) Pvt Ltd was penalized Rs 9.01 lakh for failing to register its layout in Medchal mandal, and NDL Infratech with Reddy Urban Infra jointly faced a Rs 5 lakh fine over illegal Inam land dealings.
  • The authority ordered all defaulting developers to refund buyers at 11% annual interest and barred them from new real estate activities until dues are settled.
  • TG RERA directed non-compliant builders to register stalled projects, secure HMDA and utilities approvals before resuming marketing or sales.
  • These measures mark a sharper crackdown under the Real Estate (Regulation and Development) Act to bolster transparency and protect homebuyers in Hyderabad.