Hyderabad: TGRERA bans BhuvanTeza Infra from selling properties; directs to refund ₹41L

Hyderabad: Telangana Real Estate Regulatory Authority (TG RERA) has directed BhuvanTeza Infra Projects Pvt. Ltd. to refund ₹41 lakh along with interest to a homebuyer after failing to deliver a promised flat.

The Authority observed that the project remained stalled for years, and the promoter showed no intent to complete it.

Buyer left in lurch after paying ₹41 lakh

The complainant, K. Santhi Priyanka, had purchased a 3BHK flat (Flat No. 110, Block-A, 1700 sq. ft.) in the pre-launch phase of the ‘Aura Velima Phase-I’ project.

She paid a total of ₹41 lakh to the developer in 2021, supported by receipts and an agreement of sale.

Despite the payment, the builder neither completed the project nor handed over possession, prompting the buyer to approach TG RERA seeking relief.

Builder failed to appear, set ex parte

The Authority noted that the respondent company did not appear for hearings despite multiple opportunities and was set ex parte. Based on the unchallenged submissions and documents, TG RERA proceeded to pass the order.

Repeated violations, already declared defaulter

TG RERA observed that the developer had a history of violations and had earlier been penalised in multiple complaints related to the same project.

The Authority had previously declared the builder a “defaulter” for breaching provisions of the Real Estate (Regulation and Development) Act, 2016.

It also found that the project was marketed and units were sold without mandatory RERA registration.

Project stalled, no intent to complete

The Authority held that the developer had neither initiated construction nor shown any genuine intent to complete the project. It described the conduct as a “deliberate and deficient course of action,” noting that the project had remained stalled for years.

Given these circumstances, TG RERA ruled that directing completion of the project was impractical.

Refund ordered with 10.7% interest

Invoking Section 18 of the RERA Act, the Authority directed the builder to refund the entire ₹41 lakh with 10.7% annual interest (SBI MCLR + 2%) from October 9, 2021, until the date of actual payment.

The refund must be made within 45 days of the date of the order.

Ban on builder’s future projects

In a stern move, TG RERA reiterated that the developer is barred from undertaking any new real estate projects, advertising, or selling properties until all dues, refunds, and compliance requirements are fulfilled.

Penalty warning for non-compliance

The Authority warned that failure to comply with the order would attract penalties under Section 63 of the RERA Act.