Bhubaneswar, June 1 -- https://images.odishatv.in/uploadimage/library/16_9/16_9_0/recent_photo_1722326744.jpg
Highlighting the importance of registration of a real-estate project with the state RERA authority, a developer now faces significant penalties for selling flats without mandatory registration and failing to deliver homes on time.
According to reports from The Economic Times, the Telangana Real Estate Regulatory Authority (TGRERA) fined state-based Bhuvanteza Infrastructures LLP Rs 14.9 lakh and also ordered the builder to refund 62 homebuyers with interest for delays and non-compliance with TGRERA.
The case involves the 'Aura Velimala Phase 1' project in Velimala, Sangareddy district, where TGRERA found the builder violated the ...