Hyderabad, June 1 -- The Telangana Real Estate Regulatory Authority (TGRERA) has imposed a fine of Rs 3.69 lakh on four realtors for alleged fraud.

One of the four respondents, Sikha Balaraju of Vijayawada had approached complainant, Anji Reddy, managing director of Viana Homes Pvt Ltd, Gachibowli and proposed that he had a substantial client base interested in purchasing commercial space in Poojitha Tech Park, a commercial complex, measuring 2.10 acres (10,890 sq yards) located in Kokapet village in Gandipet mandal of Ranga Reddy district, and expressed his intention to mediate prospective transactions.

Despite this, the complainant's company, Viana Homes, discussed the terms of the agreement, but Sikha Balaraju never finalised it.

Th...