The Telangana Real Estate Regulatory Authority (TGRERA) has directed Bhrigu Infra to refund INR 20 lakh, plus 10.85% interest, to a complainant after the company failed to register a villa plot in the buyer's name despite payment. The project, "Bird of Paradise" in Shamshabad, was marketed with an HMDA approval letter, but Bhrigu Infra cited land disputes for non-delivery. Additionally, TGRERA imposed a penalty and ordered the company to cease all unregistered project sales, signaling a firm stance on regulatory compliance and buyer protection.
The Telangana Real Estate Regulatory Authority (TGRERA) has ordered Bhrigu Infra to refund INR 20 lakh to a complainant who had invested in the company's villa project, "Bird of Paradise," situated in Thimmapur village, Shamshabad mandal, Rangareddy district. The complainant alleged that, despite collecting the payment and promising registration within a few months, Bhrigu Infra failed to register the villa plot in their name. They claimed that a representative of Bhrigu Infra had actively encouraged them to invest in a 240-square-yard villa plot, offered at a rate of INR 16,000 per square yard, with an upfront payment of INR 20 lakh.
According to the complainant, Bhrigu Infra provided an approval letter from the Hyderabad Metropolitan Development Authority (HMDA) as proof of the project's legitimacy and promised timely delivery. However, the company ultimately failed to deliver the promised plot and subsequently became unreachable, leaving the complainant without recourse or an explanation for the delay. During multiple hearings, the respondent company acknowledged that they had collected the payment but explained that unresolved legal issues with the landowner prevented them from registering the plot as initially promised.
Upon thoroughly examining the case, TGRERA ordered Bhrigu Infra to refund the entire amount paid by the complainant, along with an interest rate of 10.85% calculated from the date of payment up until the final repayment date. The authority mandated that this refund be completed within 45 days. Additionally, TGRERA imposed a penalty of INR 39,600 on Bhrigu Infra for violating Section 10 of the Real Estate (Regulation and Development) Act, 2016, which explicitly prohibits agents from facilitating the sale of unregistered real estate projects.
In a further move to ensure compliance, TGRERA instructed Bhrigu Infra to immediately cease all sales and marketing activities for any unregistered projects, warning the firm of additional penalties under Section 62 of the Real Estate Act should it continue to violate these regulations. The authority concluded the case by stating that any aggrieved party retains the right to appeal the decision to the Telangana Real Estate Appellate Tribunal under Section 44 of the Act.
This ruling underscores TGRERA's commitment to enforcing compliance and protecting the rights of homebuyers under the Real Estate Act, 2016. By holding real estate firms accountable and mandating transparency and adherence to regulatory standards, TGRERA aims to foster a more secure and reliable real estate market for buyers and investors alike.
This decision reinforces TGRERA's dedication to protecting home buyers and promoting transparency in Telangana's real estate sector.
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