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The Telangana Real Estate Regulatory Authority (TS-RERA) has imposed a daily penalty of INR 3,000 on the developer of the Green Space Bagiratha residential project in Tellapur (near Hyderabad) for failing to comply with earlier regulatory orders, authority records show. The penalty will accrue from the original compliance deadline until the developer fulfils its obligations, according to the regulator's recent order. TS-RERA initiated proceedings after the promoter failed to adhere to directives arising from a homebuyer grievance and subsequent adjudication order. The authority underscored that continuous non-compliance could result in enhanced financial consequences under the Real Estate (Regulation and Development) Act, 2016. The order reflects RERA's enforcement focus on timely delivery and adherence to its directives, aimed at strengthening accountability in project execution and buyer protection. (realty.economictimes.indiatimes.com)
The Telangana Real Estate Regulatory Authority has imposed a daily penalty of INR 3,000 on the developer of the Green Space Bagiratha residential project for non-compliance with regulatory directives, according to an order issued in the past week. The project is located in Tellapur, on the periphery of Hyderabad, and the penalty will continue to accrue from the original deadline set for compliance until the developer fulfils the authority's orders. Advertisement
TS-RERA initiated the proceedings after the promoter failed to implement the directions contained in an adjudication order arising from complaints by homebuyers related to project delays and non-adherence to contractual obligations. In its recent order, the authority observed that despite repeated opportunities and clear instructions, the developer had not complied with the stipulated directives within the prescribed timelines. As a result, the regulator invoked its powers under the Real Estate (Regulation and Development) Act, 2016, to impose a monetary penalty on the promoter.
The penalty will accrue at the rate set by the authority starting from the first day after the deadline for compliance until the promoter fully adheres to the earlier adjudication order. TS-RERA has emphasised that continuous non-compliance could lead to enhanced financial liability and further regulatory action, including potential enforcement measures against the project's registration or related licences, if warranted.
The Green Space Bagiratha project has been under scrutiny from homebuyers who have raised concerns about delays in project execution and fulfillment of promised deliverables. TS-RERA's adjudication process, which seeks to address buyer complaints and enforce contractual compliance by promoters, resulted in specific directives that the regulator expects to be implemented within defined timelines. The promoter's failure to comply triggered the penalty mechanism provided under the Act.
Regulatory observers note that RERA authorities across states are increasingly resorting to monetary penalties and enforcement actions to uphold contractual commitments and bolster homebuyer confidence in the sector. The imposition of a daily fee in this instance illustrates the authority's willingness to leverage statutory powers to compel compliance and discourage protracted delays in project delivery. Continued non-adherence by the promoter may prompt TS-RERA to pursue further actions permitted under the regulatory framework.
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