TGRERA Orders Pranith Koncepts to Refund Homebuyer for Illegal Project
It's always a big worry for homebuyers, isn't it, ensuring your investment is safe and compliant? We have an important update from Hyderabad that underscores just how crucial RERA protection is. The Telangana Real Estate Regulatory Authority (TGRERA) recently directed Pranith Koncepts Pvt Ltd to refund ₹46.40 lakh, plus interest, to a homebuyer. This stern action came after it was discovered that a flat was sold on an illegal seventh floor in their unregistered 'Pranith Ambience' project at Puppalaguda. This serves as a critical reminder that marketing and selling units in unregistered blocks is a serious violation of RERA norms. For all our friends eyeing property in Hyderabad, this highlights the absolute necessity of verifying a project's RERA registration before making any commitments. Are you currently looking for properties in Hyderabad? Share your experiences or any concerns you might have.
Comments
Finally, someone got caught! This TGRERA action is such a relief. As a first-time buyer in Hyderabad, RERA gives some hope that our money is safe. Bahut tension hoti hai yaar.
Haan, but how do we *actually* verify RERA registration properly before booking? Koi step-by-step process
Totally agree, bhai. My biggest fear is losing my life savings.