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The Telangana RERA has fined Sterling Homes INR 17.9 lakh for failing to complete the Sterling Orchids residential project in Mallampet on time. Originally slated for completion in July 2023, the project faces allegations of construction delays, plan deviations, and lack of transparency from homebuyers. RERA has directed Sterling Homes to finish all pending work, including promised amenities, within 90 days and compensate buyers with 10.95% annual interest on payments made. Both buyers and the developer must fulfil their obligations to ensure the project's timely completion.
The Telangana Real Estate Regulatory Authority (RERA) has imposed a penalty of INR 17.9 lakh on Sterling Homes Private Limited for failing to complete its "Sterling Orchids" residential project in Mallampet Village, Medchal-Malkajgiri district, within the stipulated timeline. Originally scheduled for completion by July 1, 2023, with an extended deadline of December 2023, the project now faces a directive to finish all pending work within 90 days from November 14, 2024. Advertisement
The complaint, filed by homebuyers Allam Nagaraju, S Arun Kumar, and others, highlighted several grievances, including delays in construction, deviations from the approved plan, and lack of transparency. Buyers alleged that Sterling Homes altered the clubhouse design, failed to build a separating compound wall between Phases I and II, and used shared amenities without proper disclosure. Additionally, they accused the developer of relocating the Sewage Treatment Plant (STP) without approval and starting Phase II construction before completing Phase I, thereby compromising the rights of Phase I buyers.
In response, Sterling Homes attributed the delays to external factors such as regulatory challenges, labour shortages, heavy rains, and pandemic-related disruptions. The developer defended the plan deviations as minor adjustments necessary for structural integrity, asserting that they were approved by relevant authorities. It also denied misleading buyers, stating that shared amenities and Phase II construction were undertaken with appropriate permissions. Sterling Homes further claimed financial strain caused by buyers' pending payments contributed to delays.
In its ruling, RERA ordered Sterling Homes to complete all remaining work in Phase I, including promised amenities, within 90 days while adhering strictly to the approved plan. The authority also directed the developer to compensate complainants with an interest rate of 10.95% per annum on amounts already paid, as outlined in the Agreement of Sale.
Additionally, RERA instructed the complainants to clear any outstanding sale consideration within 45 days to facilitate the project's progress. The regulatory body emphasised mutual compliance from both parties to ensure the timely completion of the project and to avoid further disputes.
This decision underscores RERA's commitment to protecting homebuyers' interests and ensuring accountability within Telangana's real estate sector.
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