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 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...
September 7, 2026 - 19:21
Single-family home in Cary goes for $855,000A single-family house on North Golden Oat Circle in Cary has changed hands, with the sale closing on Aug. 26. The property, located at 24744 North Golden Oat Circle, fetched a final price of...
September 7, 2026 - 01:50
Mendota: Single-family home goes for $228,000A single-family residence at 4373 East 250th Road in Mendota was sold on Aug. 17, with the final price reaching $228,000. The property, which had been listed on the market prior to the sale,...
September 6, 2026 - 11:37
Taylor Swift expands real estate portfolio with Kelce home purchaseTaylor Swift has long been known for her chart-topping music and sold-out tours, but behind the scenes, she has quietly assembled one of the most impressive celebrity real estate collections in the...