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The Hindu
The Hindu
National
The Hindu Bureau

TS-RERA levies penalties on real estate firms

N Satyanarayana

TS-Real Estate Regulatory Authority (TS-RERA) has begun to crack down on recalcitrant real estate companies and has imposed fines ranging from ₹50,000 to ₹5 lakh in the last few days.

TS-RERA chairman N. Satyanarayana has informed in a press release on Tuesday that Jayatri Infrastructure (Jaya Group) and AGS Srinivasam Properties Private Limited have been fined ₹50 lakh each for indulging in marketing and advertising in violation of the rules.

Similarly, Suvarna Bhoomi Infra Developers Pvt. Ltd, Yellapur, Patancheru, Sangareddy has been levied a penalty of ₹25 lakh, DNS Infra company, Suchitra circle, Qutbullapur road, Medchal-Malkajgiri has been levied a penalty of ₹36.50 lakh and Sri Nivasam Developers, Devender Nagar Colony, Kompally, Medchal-Malkajgiri district a penalty of ₹3 lakh.

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