TGRERA fines Jubilee Hills Housing Society Rs 18.51L for launching residential project without approvals
The society floated “Jubilee Hills Phase-4”, a 13.7-acre high-rise venture comprising 1,910 units across 40 floors
By Sistla Dakshina Murthy
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Hyderabad: Telangana Real Estate Regulatory Authority (TGRERA) has fined Jubilee Hills Co-operative Housing Society Rs 18.51 lakh for launching the residential project at Manchirevula without mandatory registration or approvals.
Mega project without approval
The society floated “Jubilee Hills Phase-4”, a 13.7-acre high-rise venture comprising 1,910 units across 40 floors. Promotional brochures and advertisements were widely circulated despite the lack of HMDA building permissions and RERA registration.
Membership tied to flat purchase
As per TGRERA’s probe, the society made flat ownership a precondition for membership. Nearly 800 new members were admitted, each paying Rs 5 lakh as an advance. With flats priced at Rs 2 crore each, the society is believed to have collected close to Rs 90 crore through pre-launch bookings.
Funds diverted to personal accounts
The authority found irregularities in fund handling, with portions of the collected amount allegedly diverted into personal accounts of committee members. TG RERA stressed that under Section 2(zk) of the RERA Act, even co-operative society projects must be registered before any sale, booking, or advertisement.
Warning of strict action
Issuing a stern warning, TG RERA said non-compliance with its directions would attract penal consequences under Section 63. The authority has registered a suo motu case against the society for violation of RERA norms.
Legal relief from High Court
For now, the Jubilee Hills Co-operative Society has secured interim relief as the High Court issued a stay order on further action related to the project.
