Interim Order Complaint No. 424 of 2025

BEFORE TELANGANA REAL ESTATE REGULATORY AUTHORITY
[Under the Real Estate (Regulation and Development) Act, 2016]
Date: 9th February, 2026
Quorum:

Dr. N. Satyanarayana, IAS (Retd.), Hon’ble Chairperson
Sri K. Srinivasa Rao, Hon’ble Member
Sri Laxmi Narayana Jannu, Hon’ble Member
COMPLAINT NO. 424/2025/TGRERA

Korri Pandari s/o Korri Sailu
(R/o. H.No. 44-402/1/28, Plot No. 28,
Tirumala Nagar, Moulali ZTC,
Medchal Malkajgiri District, Telangana State - 500040.)
…Complainant
Versus
M/s Sri Venkateshwara Infra Developers represented by:
1. Basavala Bhanu Prasad (MD, Founder and Chairman).
2. Shirisha (CEO)
3. Basavala Balakrishna
4. Dommata Janeshwar
(Office at PVR Complex Building, 2nd Floor,
Near Apollo Pharmacy, Shaikpet Darga,
Hyderabad -500084, Telangana State)
…Respondents
INTERIM ORDER
The present Complaint has been filed by the Complainant under Section 31 of the Real
Estate (Regulation & Development) Act, 2016 (hereinafter referred to as the “RE(R&D) Act”)
read with Rule 34(1) of the Telangana Real Estate (Regulation and Development) Rules, 2017
(hereinafter referred to as the “Rules”).
A. Brief facts of the case as per Form M submitted by the Complainant.
2.

It was submitted by the Complainant that on 01-05-2024, he received a phone call from

representatives of M/s. Sri Venkateshwara Infra Developers, who stated that they were
developing a venture on the Bombay Highway and offered the Complainant an opportunity to
purchase a plot therein. In reply, the Complainant requested details of the said venture, pursuant
to which their employee, one Mr. Janeshwer, shared the pamphlets of the venture via
WhatsApp.

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It was further submitted that on 18-05-2024, the realtors sent a vehicle to the

Complainant's residence to facilitate a site visit. Upon visiting the site, the Complainant
expressed satisfaction with the venture named "SVIDs Dream Town," situated at Kothalapur,
Sangareddy Mandal and District, in Survey Nos. 18/P, 29/P, and 30/P, bearing L.P. No.
000049/LO/PLG/HMDA/2023. The Complainant selected Plot No. 48, admeasuring 150 Sq.
yards. On the same day, the developers informed the Complainant that the cost was ₹20,000/per square yard, bringing the total cost of the plot to ₹30,00,000/-. The terms of payment
stipulated that the Complainant was to pay 30% of the plot cost directly, while the developers
would arrange a bank loan for the remaining 70%.
4.

The Complainant stated that subsequently, on 08-07-2024, he paid a sum of ₹1,10,000/-

towards plot booking as part of the 30% component, for which a receipt was issued. Thereafter,
on 25-07-2024, the Complainant paid ₹90,000/- through online transfer, and again on 29-082024, he paid a sum of ₹8,00,000/-. The developers issued two separate receipts acknowledging
these payments. However, it was submitted that the realtors subsequently failed to arrange the
agreed 70% bank loan amount to facilitate the registration of the said plot in favor of the
Complainant.
5.

It was averred that the Complainant subsequently came to know that the originally

selected Plot No. 48 had been mortgaged to the HMDA. Upon confronting the developers
regarding this fact, they apologized and offered an alternative. Consequently, they executed an
Agreement of Sale for Plot No. 81 on 12-02-2025.
6.

It was further submitted that the Complainant approached ICICI Bank on 14-02-2025

and secured a sanction for ₹25,00,000/-. However, during the legal scrutiny by the bank, it was
discovered that the venture was in the name of one Mrs. Rizwana Begum. The bank officials
requested the link documents establishing the relationship between Mrs. Rizwana Begum and
Sri Venkateshwara Infra Developers. After several reminders and persistent follow-ups by the
Complainant, the developers informed him that the agreement between them and the landowner
had been cancelled.
7.

It was stated that a copy of the Cancellation of Agreement of Sale dated 30-04-2025

was served to the Complainant on the developer's letterhead. Following this, the developers
issued a refund Cheque bearing No. 463539 for an amount of ₹10,00,000/-, dated 14-06-2025,
drawn on SBI Bank in favor of the Complainant, with instructions to present the said cheque
on its date for honoring.

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The Complainant submitted that on 18-06-2025, he presented the said Cheque bearing

No. 463539 dated 14-06-2025 with his banker, SBI, MC-TB Branch. However, the same was
returned unpaid on 19-06-2025, with the reason stated as "Dishonored."
B. Interim Relief Sought
9.

Accordingly, the Complainant sought the following interim relief:
i.

Request to issue an interim order to stop further sales of the Developers as the promoter
are not registered under RERA and continuing the false presentation to the other
intended buyers also.

10.

This Authority notes, from the averments made in the Complaint and the documents

placed on record, that the project titled “SVIDs Dream Town”, situated at Kothalapur Village,
Sangareddy Mandal and District, Telangana, in Survey Nos. 18/P, 29/P, and 30/P, bearing L.P.
No. 000049/LO/PLG/HMDA/2023, has been and continues to be advertised, marketed, offered
for sale, and sold by the Respondents without obtaining mandatory registration under the Real
Estate (Regulation and Development) Act, 2016. Such acts, if true, prima facie attract the
embargo contained under Section 3 of the Act, which unequivocally prohibits any promoter
from advertising, marketing, booking, selling, or offering for sale any plot, apartment, or
building in a real estate project without prior registration with the Real Estate Regulatory
Authority.
11.

Upon a prima facie satisfaction that the statutory mandate under Section 3 of the

RE(R&D) Act appears to have been violated, this Authority had issued a Show Cause Notice
dated 11.08.2025 to Respondent Nos. 1 to 3, calling upon them to explain their conduct and to
place on record material evidencing compliance with the provisions of the Act. However,
despite due service of the said Show Cause Notice, the Respondents have failed to submit any
reply or explanation whatsoever till date, nor have they produced any document to demonstrate
registration of the project or adherence to the statutory requirements under the RE(R&D) Act.
12.

In these circumstances, this Authority is of the considered view that a prima facie case

of continued statutory violation is made out. Without expressing any opinion on the merits of
the allegations raised in the Complaint, and keeping in view the object and purpose of the Real
Estate (Regulation and Development) Act, 2016, particularly the need to curb unregulated real
estate activity and to safeguard the interests of prospective allottees, this Authority deems it

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Accordingly, in exercise of the powers conferred under the Real Estate (Regulation and

Development) Act, 2016, this Authority hereby passes the following INTERIM ORDER:
i.

The Respondents/Developers are hereby restrained, with immediate effect, from
advertising, marketing, booking, selling, or offering for sale, or inviting applications
for purchase in any manner whatsoever, in respect of the project “SVIDs Dream
Town,” as contemplated under Section 3 of the Real Estate (Regulation and
Development) Act, 2016, until further orders of this Authority.

14.

The Respondents are further directed to submit their detailed reply to the Show Cause

Notice dated 11.08.2025, explaining, inter alia, why the subject project has not been registered
with this Authority and why action should not be initiated under Section 59 of the Real Estate
(Regulation and Development) Act, 2016 for violation of the provisions of Sections 3 and 4 of
the said Act. The said reply shall be filed within a period of seven (7) days from the date of this
Order.
15.

In the event of failure to submit the reply within the stipulated time, this Authority shall

proceed to initiate action under Section 59 of the Real Estate (Regulation and Development)
Act, 2016, strictly in accordance with law, without any further notice to the Respondents. This
Authority further makes it clear that such continued non-compliance shall be treated as willful
default, and the Respondents shall be proceeded against as defaulters for persistent violation of
the provisions of the RE(R&D) Act and for deliberate non-cooperation with the proceedings
before this Authority, for the purposes of regulatory action under the Real Estate (Regulation
and Development) Act, 2016
16.

It is expressly noted that the Respondents have repeatedly failed to participate in the

proceedings, despite being afforded multiple opportunities, and have neither treated the
proceedings with the seriousness mandated by law nor placed any response on record till date.
The appearance made at the fourth hearing stage, followed by continued non-compliance and
non-filing of reply, reflects a callous and evasive approach towards statutory obligations and
the proceedings before this Authority.
17.

Accordingly, this direction shall be treated as a final opportunity to the Respondents to

present their case before this Authority. Any further default shall constrain this Authority to

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The case is listed for further hearing on 26.02.26.

Sd/Sri K. Srinivasa Rao,
Hon’ble Member,
TG RERA

Sd/Sri Laxmi Narayana Jannu,
Hon’ble Member,
TG RERA

Sd/Dr. N. Satyanarayana, IAS (Retd.),
Hon’ble Chairperson,
TG RERA

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