RERA imposes 43 lakh fine on builder in Hyderabad
1️⃣ Selling Flats Without Legal Authority The company 'Bhuvanteza infra Project Pvt ltd', allotted (sold) flats in 'Tulasi Lake front' project at Medchal without having legal ownership or entitlement over those units. Under the : A promoter must have clear legal title to the land. They cannot sell units unless they are legally authorized. 👉 The company falsely presented itself as the owner and collected money without proper rights. This is a major statutory violation . 2️⃣ Selling Units in an Unregistered Block One complaint showed that: Block 25 was not registered under RERA Yet the company allotted a flat in that block. RERA law requires: Every real estate project (and each phase/block) must be registered before advertising or selling . Selling in an unregistered part of a project is illegal. 👉 This is considered a serious violation . 3️⃣ Unfair Trade Practices The authority found that the company: Misrepresented facts Collected money...