Telangana-RERA orders four builders to refund ₹60.22 lakh with 10.85% annual interest

HYDERABAD A homebuyer paid ₹22.22 lakh but never got a flat. Three investors put ₹38 lakh into a commercial property but were left waiting for possession.

In another case, buyers of villas in a gated community approached the regulator over incomplete amenities and discrepancies between what was advertised and what was approved. Taking up these separate complaints, the Telangana Real Estate Regulatory Authority (TG-RERA) has ordered two Hyderabad-based developers to refund a combined ₹60.22 lakh with 10.85% annual interest, imposed a ₹20.05 lakh penalty on another and initiated penalty proceedings against fourth.

https://www.thehindu.com/news/cities/Hyderabad/tg-rera-imposes-6762-lakh-penalty-on-four-projects-for-violations/article71336779.ece In four separate orders dated November 10, the authority examined complaints involving Modi Builders and Infrastructures Private Limited, Bhuvanteza Infra Projects Private Limited, Starlite Global Enterprises (India) Limited and Jayathri Infrastructure India Private Limited.