TG RERA orders penalty action against builder over flat booking
Hyderabad, Aug. 3 -- The Telangana Real Estate Regulatory Authority (TG RERA) has directed the initiation of penalty proceedings against a builder over a flat booking.
TG RERA directed the action against Pacifica Constructions Private Limited for booking and allotting a flat years before obtaining registration under the Real Estate (Regulation and Development) Act (RERA) for its Aavas Hyderabad project.
It was found that the flat was booked in 2017, whereas the project was registered under RERA in 2019.
Complaint filed by homebuyers
The case was filed by Nitika Saraf and Vishal Saraf, residents of Bachupally, against the Miyapur-based builder.
As per the complaint, the sale agreement was signed on April 15, 2019. Although the agreeme...
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