Now Reading: TG RERA orders Rs 42.2 lakh refund to Hyderabad plot buyers
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TG RERA orders Rs 42.2 lakh refund to Hyderabad plot buyers
Telangana RERA has ordered a real estate consultancy firm to refund Rs 42.2 lakh with 10.7% annual interest to two Hyderabad buyers. The order, passed on August 17 by members K Srinivasa Rao and Laxmi Narayana Jannu, found the firm marketed plots in an unregistered project called Sree Rugveda Brundavanam Hills.
Buyers V Praveen Krishna and V Manjula Praveen Krishna paid Rs 52.2 lakh for two plots in May 2022. The firm later demanded an extra Rs 10 lakh, claiming plot 230 was larger. The buyers cancelled the booking and got Rs 10 lakh back, but cheques for the balance were dishonoured.
The developer said it had not sold the plots to the firm or authorised it. TG RERA held the firm violated Section 10 of the RERA Act by marketing an unregistered project. It directed refunds within 60 days and ordered penalty proceedings against both the developer and the firm.
Indian Opinion Analysis
Both sources present a neutral-report, fact-driven account of the TG RERA order. The Times of India leads with the refund quantum and interest rate, while Siasat front-loads the 60-day timeline. Neither source adds editorial commentary or frames the dispute in favour of buyers or builders. The measured takeaway is procedural: TG RERA is acting on unregistered sales. Watch whether the developer and consultancy comply or challenge the order, and how many similar complaints reach the authority. The key date to track is the 60-day refund deadline from August 17.
Coverage: 2 sources, 2 neutral
Sources (2): timesofindia.indiatimes.com (neutral report), siasat.com (neutral report)
This story was synthesised by AI from the 2 sources linked above. Methodology and corrections.
Updated: this story now draws on 2 sources.
