Tag: #BuilderPenalty

Odisha RERA Penalizes Builder for Failing to Provide Adequate Parking Space for Homebuyer

March 26, 2025

BHUBANESWAR: The Odisha Real Estate Regulatory Authority (ORERA) has imposed a fine of ₹62 lakh on a city-based developer for failing to provide sufficient car parking space to a homebuyer in a real estate project located in Shankarpur. Officials confirmed that this marks the first instance of ORERA levying a fine specifically for inadequate parking […]

Odisha RERA Penalizes Builder for Failing to Provide Adequate Parking Space for Homebuyermore

Telangana RERA Penalizes TMR Marvel Developers with ₹19.8 Lakh Fine for Unfulfilled Promised Amenities

March 10, 2025

HYDERABAD: The Telangana Real Estate Regulatory Authority (TG RERA) has taken strict action against the developers of the TMR Marvel villa project in Macha Bolarum, near Alwal, by imposing a penalty of ₹19.8 lakh. The fine was levied on T Madhusudhan Reddy and Sree Ram Reddy for their failure to provide the amenities promised to […]

Telangana RERA Penalizes TMR Marvel Developers with ₹19.8 Lakh Fine for Unfulfilled Promised Amenitiesmore

Telangana RERA penalizes builder for project delay, directs payment of interest to buyer until flat handover.

February 13, 2025

HYDERABAD: The Telangana State Real Estate Regulatory Development Authority (RERA) has ruled that a builder must compensate a homebuyer with interest for the delay in handing over his flat, ensuring that the complainant is financially reimbursed for the prolonged wait. The case was brought forward by Kollepara Veera Venkata Satya Vara Prasad, who purchased a […]

Telangana RERA penalizes builder for project delay, directs payment of interest to buyer until flat handover.more