Hyderabad, June 24 -- The Telangana Real Estate Regulatory Authority (RERA) has taken decisive action against two Hyderabad-based real estate firms-Devas Infra Ventures and Bhuvan Tej Infra Projects Private Limited-for failing to complete a housing project on time and for violating several regulatory norms.

Mercy Thanakachan, a resident of Secunderabad, had entered into an agreement on January 5, 2021, to purchase a house in the Happy Homes-2 project. She paid Rs 21.20 lakh upfront, with the understanding that the project would be completed and the house handed over within 36 months. However, construction never began.

Without her consent, her agreement was shifted to another project, Happy Homes-1. Despite repeated attempts to seek clar...