Hyderabad Real Estate Firms Hit with Penalties for Non-Compliance
January 23, 2025 - 22:08
Hyderabad: The Telangana Real Estate Regulatory Authority (TG RERA) has imposed a penalty of ₹2 crore on several real estate firms for failing to comply with regulatory norms. This action underscores the authority's commitment to enforcing transparency and accountability within the real estate sector. The firms in question were found to have violated various provisions of the Real Estate (Regulation and Development) Act, which aims to protect the interests of homebuyers and ensure fair practices in the industry.
The TG RERA has been actively monitoring the activities of real estate developers to ensure they adhere to the established guidelines. Non-compliance not only affects buyers but also tarnishes the reputation of the real estate market in Hyderabad. Authorities have urged all developers to familiarize themselves with the regulations and maintain compliance to avoid penalties. The TG RERA's stringent actions serve as a reminder to the industry about the importance of ethical practices and consumer protection in the ever-evolving real estate landscape.
MORE NEWS
September 9, 2026 - 05:17
Residential real estate: What $400K buys in the Chattanooga areaThis is an occasional look at what different price points can buy in the local housing market. Today, the focus is on homes listed at or near the $400,000 mark, a range that often appeals to...
September 8, 2026 - 21:44
Lori Loughlin Files for Divorce From Mossimo Giannulli—Months After Offloading Their $17 Million L.A. MansionLori Loughlin has officially filed for divorce from fashion designer Mossimo Giannulli, bringing an end to their nearly three-decade relationship. The news comes just months after the couple sold...
September 8, 2026 - 17:57
Chaos reigns in municipal propertyThe use of city-owned property is still stuck in an early, messy phase. Most municipal buildings and land parcels do not have the proper paperwork in place, which stops them from generating income...
September 8, 2026 - 10:29
Hong Kong hospitality insights: Robust investment, tourism expansion, and operational recoveryHong Kong`s hospitality industry is closing out the year on a firmer footing, with hoteliers pointing to steady visitor growth, better room rates, and renewed interest from investors. The latest...