Hyderabad developer ordered to refund Rs 10.95 lakh to plot buyers
Hyderabad, Oct. 19 -- The Telangana Real Estate Regulatory Authority (TG RERA) has directed Hyderabad-based BVR Infra Developers to return Rs 10.95 lakh to two plot buyers.
This comes after the buyers paid the full amount but did not receive the plot or a registered sale deed.
Moreover, TG RERA directed its secretary to start penalty proceedings against the developer for selling plots in SV Golden City-III at Kadthal in Rangareddy district without mandatory RERA registration.
Hyderabad plot buyers paid full amount to developer
It all started after the complainants, M Sheela and Padma Sreeramulu, decided to purchase Plot No. 28 in the venture for Rs 10.95 lakh.
Between August and December 2022, they paid the full amount in five cash i...
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