Hyderabad: Builder Fined Rs 19.80 Lakh by TSRERA for Collecting Money Before Registration
The Telangana State Real Estate Regulatory Authority (TSRERA) has fined TMR Infra Tech Rs 19.80 lakh for taking advance payments from buyers before registering their project, TMR Marvel Villas, with the authority.
Buyers of the villas in Macha Bollaram, near Alwal, complained that the builder failed to provide basic amenities and delayed the project. TSRERA ordered the builder to complete the pending work, including installing street lights, building a compound wall, and setting up a sewage treatment plant. The builder must also ensure proper water supply and drainage.
The authority has directed the company to finish all work before the project’s RERA registration expires in March 2025. The builder promised to complete the work by March 25, and TSRERA warned that failing to do so would lead to further action.
The fine was imposed because the builder collected payments from buyers between February and March 2018, while the necessary RERA registration was obtained only in October 2019. This was a violation of Section 3 of the Real Estate (Regulation and Development) Act.
The order was issued by TSRERA chairperson Dr. N. Satyanarayana and members K. Srinivasa Rao and Laxmi Narayana Jannu.
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