TG REAT Orders Amacon Developers to Refund Rs 36.58 Lakh Over Resold Plot

The Telangana Real Estate Appellate Tribunal (TG REAT) has upheld an order directing Amacon Developers to refund Rs 36.58 lakh along with interest to a couple who purchased a plot in DLF Garden City in Nandigama mandal of Ranga Reddy district, after learning the developer had sold the same property to another buyer.

The tribunal upheld the previous ruling issued by the Telangana Real Estate Regulatory Authority (TG RERA) in October 2025. It directed the developer to refund the entire amount paid alongside an annual interest rate of 10.75 per cent calculated from April 9, 2021.

The case centres on Plot No. 895, measuring 355.56 square yards in the DLF Garden City project. The complainants, Sandeep Kumar and Shipali, entered into an agreement of sale with Amacon Developers on April 9, 2021. The total agreed sale price for the property was Rs 37.38 lakh.

The buyers paid Rs 36.58 lakh through bank transfers and a cheque, leaving a balance of Rs 80,000 to be settled at the time of registration. According to the complaint, Amacon Developers repeatedly delayed the registration process despite the buyers being ready to pay the remaining balance. The couple later discovered that the plot had been sold to another purchaser, prompting them to approach TG RERA for a refund.

The buyers subsequently appealed to TG REAT, seeking liability against all respondents on grounds of conspiracy. In its findings, the tribunal noted that the original developers had transferred their rights in the plot to Amacon through an agreement and a registered agreement of sale-cum-General Power of Attorney.

The tribunal rejected Amacon's claim that it acted merely as an agent, ruling that the firm functioned as a promoter. It observed that after receiving the money from the buyers, Amacon failed to complete the sale and transferred the plot to a third party.

However, the tribunal found no evidence showing that the third-party purchaser knew of the earlier agreement with the couple, and therefore did not hold the new buyer liable. Concluding that the complainants were entitled to withdraw from the transaction, TG REAT dismissed the appeal and affirmed the TG RERA order.