In a recent ruling, the Telangana Real Estate Regulatory Authority (RERA) imposed a penalty of ₹4,50,645 on SK Constructions & Developers for failing to deliver promised amenities to flat owners. The case arose when a homeowner filed a complaint against the builder, B.R. Mohan Reddy, Managing Director of SK Constructions & Developers, alleging that essential facilities such as a play area, gym,...

In a landmark move towards sustainable urban development, the Telangana government has unveiled plans for a sprawling 30,000-acre 'Future City' to be situated between the Nagarjunasagar and Srisailam highways. This ambitious project, approved during a recent state Cabinet meeting led by Chief Minister A. Revanth Reddy, aims to establish a net-zero, fourth city that exemplifies modern planning and...

In a significant move to uphold regulatory standards in the real estate sector, the Telangana State Real Estate Regulatory Authority (TSRERA) has imposed a penalty of ₹19.80 lakh on TMR Infra Tech. This action stems from the company's collection of advance payments from customers for its TMR Marvel Villas project prior to obtaining the necessary TSRERA registration. Background of the Violation TMR...