The Authority directed the developer to refund payments to buyers and prohibited it from entering into any further development agreements. It also instructed that the developer’s details, along with photographs of the promoters, be posted on the TGRERA website under the list of defaulters.
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Hyderabad: The Telangana Real Estate Regulatory Authority (TGRERA) has observed that Sahiti Infratec Ventures was liable for prosecution following complaints from homebuyers of its Sahiti Sishta Abode project at Gundlapochampally in Medchal.
The Authorty in its directions asked the developer to refund payments to buyers and desisted it from entering into any development agreements.
Instructions were issued to post details of the developer along with photographs of the promoters in the list of defaulters, on TGRERA website.
The Authority passed the directions after hearing the complaints made by those who bought property in the project.
Sahiti Infratec Ventures India was also directed not to market, advertise the project.
