Telangana real estate appellate tribunal says builders cannot alter sale agreements after obtaining project registration
India, May 20 -- The Telangana Real Estate Appellate Tribunal (TREAT) has ruled that developers cannot alter key terms in sale agreements after obtaining project registration under Telangana RERA. The tribunal upheld a penalty of over Rs.11 lakh imposed by TRERA on a developer for executing buyer agreements that differed from the standard format submitted to the regulator during registration.
The tribunal observed that changing the approved agreement format and executing a substantially different sale agreement was impermissible under the rules. It held that the developer violated Rule 38, furnished false information and engaged in "deliberate suppression of material facts."
The tribunal found that the regulatory authority (TRERA) was j...
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