Builders fined for marketing Hyderabad plots as villa township
Hyderabad, Nov. 11 -- A builder and its associated companies have been fined for promoting their project as a luxury villa township despite having approval only for a layout of plots.
Taking action against the builder, Modi Builders, the Telangana Real Estate Regulatory Authority (TG RERA) imposed a penalty of Rs 20.05 lakh on November 10.
In the order issued by TG RERA, it was mentioned that the developers had violated Sections 3 and 4 of the Real Estate (Regulation and Development) Act, 2016.
Based on the findings, the authority directed the developers to pay Rs 20,05,200 within 30 days.
Moreover, the builder has been ordered to complete the promised common amenities within 90 days. It has been ordered to hand over the clubhouse and...
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