Hyderabad: TGRERA asks Krithika Infra to refund ₹38.45L; flags developer as defaulter
The complaint was filed by Sirimalla Nagesh Babu, who had purchased a flat in the `Sheshadri’s Silver Oak’ project at Boduppal in Medchal–Malkajgiri district
By Sistla Dakshina Murthy
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Hyderabad: Telangana Real Estate Regulatory Authority (TG-RERA) has directed Krithika Infra Developers to refund ₹38.45 lakh along with 10.70% annual interest.
The decision comes after the authority found serious violations, including non-registration of a housing project and failure to commence construction.
Builder failed to deliver, project never took off
The complaint was filed by Sirimalla Nagesh Babu, who had purchased a flat in the `Sheshadri’s Silver Oak’ project at Boduppal in Medchal–Malkajgiri district.
Despite paying the full sale consideration of ₹38.46 lakh under an agreement dated August 25, 2024, the builder neither started construction nor moved towards handing over possession.
The complainant alleged that the project was not even registered under the Real Estate (Regulation and Development) Act, 2016, making the entire venture illegal under RERA norms.
RERA finds clear violations of law
After examining the case, TG-RERA observed that the developer had marketed and sold units without mandatory registration, violating Sections 3 and 4 of the Act.
The authority also noted that the project land exceeded the minimum threshold requiring registration and involved multiple units. Importantly, the respondents failed to appear before the authority despite notices and were set ex parte.
Repeat offender, earlier penalised and declared ‘defaulter’
The authority highlighted that this was not an isolated instance. The same developer had been penalised in earlier cases for similar violations, including:
A penalty of ₹9.96 lakh for illegal marketing and sale of unregistered units
A separate penalty of ₹26.44 lakh for misrepresentation and unfair practices
In a previous order, TG-RERA had already declared M/s Krithika Infra Developers a “defaulter” and barred it from undertaking any new real estate projects due to repeated violations and non-compliance.
Refund allowed despite timeline not ending
Although the project timeline had not formally expired, TG-RERA ruled that the developer’s blacklisting and inability to carry out construction effectively amounted to discontinuation of business.
Citing Section 18(1)(b) of the Act, the authority held that the complainant was entitled to withdraw from the project and seek a full refund with interest.
45-day deadline, stricter action if ignored
The authority directed the developer to refund ₹38.45 lakh with interest at 10.70% per annum (SBI MCLR + 2%) within 45 days from the date of the order.
It warned that failure to comply would attract further penalties under Section 63 of the Act.
Other reliefs left open
While granting the refund, TG-RERA said the complainant is free to approach other appropriate forums for additional relief, including criminal or civil action.
Strong message to errant developers
The order underscores TG-RERA’s tough stance against builders engaging in illegal activities, misleading buyers, and violating statutory norms, reinforcing accountability in the real estate sector.
