TG RERA Imposes ₹67.62 Lakh Fine on Three Real Estate Developers

The Telangana Real Estate Regulatory Authority (TG RERA) has imposed penalties totalling ₹67.62 lakh on four real estate projects in Telangana for violating provisions of the Real Estate (Regulation and Development) Act, 2016. Through regulatory orders issued on August 6, the authority penalised real estate firms including SVM Aditya Homes, AV Infracon Private Limited, and Adhuri Infra Private Limited for multiple statutory infractions.

The highest penalty of ₹43.16 lakh was imposed on SVM Aditya Homes regarding its project named ‘Tech Homes’. According to TG RERA, the developer advertised, marketed, and booked units, as well as collected sale consideration, without first obtaining mandatory registration for the project. Additionally, the regulatory body noted that the promoter had failed to obtain approval from the Hyderabad Metropolitan Development Authority (HMDA).

AV Infracon Private Limited faced penalties amounting to ₹14.84 lakh for its ‘AV’s West Heights’ project and ₹2.83 lakh for its ‘AV’s East Residency’ project. TG RERA established that the promoter accepted advance amounts, entered into an agreement of sale, marketed and booked a unit, and collected the entire sale consideration without securing required RERA registration. TG RERA further highlighted that the respondent did not appear before the Authority or submit any written response despite being served with notice and a show-cause notice.

In another ruling, TG RERA penalised Adhuri Infra Private Limited ₹6.77 lakh for collecting 25% of the total sale consideration, which amounted to ₹11.12 lakh, from a buyer without executing and registering an agreement for sale. Emphasising the severity of the offense, TG RERA stated that receiving 25% of the sale consideration without a written and registered agreement for sale is a direct violation of a statutory obligation intended to protect allottees rather than a simple procedural lapse.

Following the issuance of these orders, all affected real estate promoters have been given 30 days from the receipt of the orders to remit the full penalty amounts into the official TG RERA Fund.