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The Telangana Real Estate Regulatory Authority (TGRERA) has fined Sanali Housing Projects Pvt Ltd INR 4.2 lakh for promoting its 'Sanali Pinnacle' project in Shaikpet, Hyderabad, without mandatory RERA registration or GHMC approvals. The developer violated Sections 3 and 4 of the RERA Act by advertising a project comprising two cellars and 17 floors through hoardings and online platforms. TGRERA rejected the developer's defense that the promotion lacked specifics, citing that any public communication qualifies as advertisement under Section 2(b). The case reinforces the need for strict compliance with RERA rules to protect homebuyers and ensure transparency in the real estate sector.
The Telangana Real Estate Regulatory Authority (TGRERA) has imposed a fine of INR 4.2 lakh on Sanali Housing Projects Pvt Ltd for promoting and advertising its 'Sanali Pinnacle' project in Shaikpet, Hyderabad, without mandatory registration and approvals. Advertisement
According to TGRERA, the developer violated Sections 3 and 4 of the Real Estate (Regulation and Development) Act, 2016, by marketing the project without registering it with the authority and without obtaining necessary permissions from the Greater Hyderabad Municipal Corporation (GHMC). The project, comprising two cellars and 17 upper floors, was advertised through various platforms, including the company's website and on-site hoardings, despite lacking the required approvals.
In its defense, Sanali Housing Projects argued that the information shared did not constitute an advertisement as it lacked specific details like location and pricing. However, TGRERA clarified that under Section 2(b) of the RERA Act, any public communication about a real estate project qualifies as an advertisement, regardless of the details provided. The authority emphasized that the developer's actions amounted to promoting an unregistered project, warranting the imposed penalty.
This incident underscores the importance of compliance with RERA regulations in the real estate sector. TGRERA has been actively monitoring and penalizing developers for similar violations to ensure transparency and protect homebuyers' interests. Buyers are advised to verify the registration status of projects before making any investments.
The enforcement actions by TGRERA highlight the authority's commitment to upholding regulatory standards in the real estate industry. Developers are reminded to adhere strictly to RERA provisions to avoid penalties and legal complications.
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