RERA SLAPS RS 38 LAKH Rural Real estate agents Fine

Haydarabad: TaLangana Real Estate Regulation Authority (TGRA), Simha Kavi Narasimham and Mohd, rural real estate agents were fined 38.59 Lakh. Masood Ul Hasan for misrepresenting the permission and approval status for the “Westend Greens” villa project in Mokila.
Although RERA has only limited permission for the company for an open scheduled order and three model villas, it has found that it has marketed the project as a completely HMDA -approved community.
The complainants, who are all villa holders in Westend Greens, were represented by lawyer A. Chandra Shekar and G. Venugopal. They stated that they pay for facilities such as club building, sewage treatment plant (STP) and water supply systems. They claimed that not only these facilities were not achieved, but also the developers scared the buyers by sending legal threats.
The Rera counter observed that rural real estate agents violated the 11th and 14th chapters of the Rera Law by providing misleading information and could not complete the promised opportunities. He also said that the company built 39 villas without obtaining the necessary building permits.
Orda The participants have been strictly limited to any parcel or villa marketing or selling without receiving appropriate permissions and RERA registration, ”he said. Rural real estate agents directed 38,59,436 RS to pay.
The authority also told the developer to approach HMDA and secure the approval of the project to complete the project.
More importantly, RERA also stated that if rural real estate agents do not get the necessary permissions, they should pay the amount collected from HOMEBUYERS and the compensation of the discomfort and financial difficulties caused by.