Hyderabad firm fined Rs 26 Lakh over unregistered flats
Hyderabad, July 6 -- Telangana Real Estate Regulatory Authority (TGRERA) on Saturday, July 4, imposed a fine of Rs 26 lakh on a Hyderabad-based construction firm for selling flats in an unregistered project.
AV Infracon was penlised for selling a flat in its 'AV's West Heights' . The order was passed by TGRERA bench comprising members Laxmi Narayana Jannu and K Srinivasa Rao while disposing of a complaint filed by Galla Ramana Murthy Reddy, a resident of Andhra Pradesh, under the Real Estate (Regulation and Development) Act, 2016.
As per the complaint, Murthy paid Rs 26 lakh to the firm in April 2022 to purchase Flat number 402 in C Block of the proposed residential project 'AV's West Heights'. Murthy informed the RERA that the entire a...
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