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
May 11, 2026 - 04:30
Hollywood's Star Power Fades: Why Celebrities Can't Sell Their Homes AnymoreFor years, a celebrity name attached to a property was a guaranteed fast sale. Buyers lined up, prices soared, and the mere mention of a star`s former residence added a premium. But that golden era...
May 10, 2026 - 01:29
9 Major Real Estate Tax Changes Effective 2026Homeowners and real estate investors should prepare for a series of significant tax adjustments arriving in 2026. These changes, stemming from the expiration of provisions in the Tax Cuts and Jobs...
May 9, 2026 - 21:43
Summit County real estate market softens following pandemic surgeSummit County`s real estate market is still settling down after the explosive growth seen during the pandemic, a period that brought record-fast sales, changed how buyers shop, and pushed demand...
May 9, 2026 - 06:54
Retail investors turn away from commercial property holdingsSmaller investors are increasingly stepping away from commercial property investments, as rising interest rates and softening demand have eroded returns over the last ten years. Once seen as a...