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The Telangana Real Estate Regulatory Authority has ordered Apoorva Infra to compensate buyers of its Swaminarayana Eco Township project in Suryapet district after finding delays in development and failure to meet promised timelines. Acting on three complaints, the authority directed refunds with 10.7% interest in one case and interest payments in two others. It also restrained the developer from selling or marketing plots until its RERA registration is extended and instructed it to complete pending development works, citing violations under RERA norms.
The Telangana Real Estate Regulatory Authority (TGRERA) has directed Apoorva Infra to compensate plot buyers of the Swaminarayana Eco Township project located at Undrugonda village in Chivemla mandal of Suryapet district, after concluding that the developer failed to complete development works within the committed timelines. The orders were passed while disposing of three separate complaints filed by buyers who had invested in the plotted development project. Advertisement
In one case, a buyer who had paid INR 4.3 lakh out of a total consideration of INR 17.4 lakh stated that no development activity had taken place at the site. The buyer also informed the authority that a refund cheque issued by the developer had bounced due to insufficient funds. TGRERA noted that the promoter cited disputes with the landowner and delays caused during the pandemic period. After examining the submissions, the authority directed Apoorva Infra to refund the amount paid along with interest at 10.7% per annum from the date of payment made in 2022. The refund has been ordered to be completed within 40 days from receipt of the order.
In the other two complaints, buyers from Secunderabad had invested INR 5.8 lakh and INR 18 lakh, respectively, in the same project. TGRERA observed that although the project's original completion timeline had expired by mid-2023, development on the ground remained minimal. In these cases, the authority directed the promoter to pay interest at 10.7% per annum on the invested amounts. For the higher investment case, interest is to be paid until the developer secures final layout approval.
The authority also instructed Apoorva Infra to apply for an extension of its RERA registration within 15 days and restrained it from advertising, selling, or marketing any plots in the project until the registration is duly extended. TGRERA further directed the promoter to complete the pending development works in accordance with the approved plans.
Under the Real Estate (Regulation and Development) Act, developers are required to adhere to declared project timelines and are liable to compensate buyers in cases of delay. Telangana RERA has consistently maintained that plotted development projects are equally bound by these provisions, including timely infrastructure development and regulatory compliance.
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