Penalty order on M/s Jayathri Infrastructures

BEFORE THE TELANGANA STATE REAL ESTATE REGULATORY
AUTHORITY, HYDERABAD
FRIDAY, THE 19th DAY OF SEPTEMBER TWO THOUSAND TWENTY
THREE
Complaint No.14/2023/TSRERA
Between :
Sri. Suryanaryana and (58) others

…… Complainants

And
1. M/s Jayathri Infrastructures Rep.by
Sri. Kakarla Srinivas and
2. M/s AGS Srinivasam,
16-11-11/3/1, Saleem Nagar colony,
Malakpet Extension, Malakpet, Hyderabad.
Quorum:

……. Respondents

Dr.N.Satyanarayana, Hon’ble Chairperson
Sri.Laxminarayana Jannu, Hon’ble Member
Sri.K.Srinivasa Rao, Hon’ble Member
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This case has come up for hearing on 19.09.2023 and the
respondents called absent and there was no representation. After
considering the issue the Authority passed the following order.
ORDER
This is a case of violation of provisions under section 3(1) of the
Telangana State Real Estate (Regulation & Development) Act, 2016 (herein
after called ‘the Act’) by the respondent i.e. M/s Jayathri Infrastructures
Rep.by Sri. Kakarla Srinivas.
2.

The complainant, Sri. Suryanaryana and (58) others have filed a

complaint against the four projects of M/s Jayathri Infrastructures Rep.by
Sri.Kakarla Srinivas. In the said complaints, amongst four projects only

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In the above matter, the Authority has issued a show notice dt:

28.08.2023 to the respondent M/s AGS Projects Pvt. Ltd., to submit
explanation within (7) days from the date of receipt of the notice as to why
the Authority shall not levy penalty under section 59/60 of the Act for
violating the section 3(1) & 4(1) of the Act. But the respondent failed to
offer any explanation. Thereafter another notice dt.11.08.2023 was issued
directing the respondent to appear and submit reply / counter on
22.09.2023. On 22.09.2023 the respondents failed to appear before the
Authority and file any reply with relevant documents and there was no
representation on their behalf.
4.

Therefore, it is considered that the respondents have contravened

the provisions of section 3(1) & 4(1) of the Act, in respect of the project at
Kolluru, Patancheruvu, Sangareddy dist., Telangana, wherein they offered
for sale of the villas, without registration of the project with TS RERA.
Thereby, violated the provisions of section 3(1) of the Act.
5.

Accordingly, the Respondents viz. M/s AGS Projects Pvt. Ltd. is

imposed a penalty of Rs.50,00,000/- (Rupees fifty lakhs only) and
directed to pay the same in favour of TS RERA funds through Demand
Draft or online payment to A/c. No. 50100595798191, HDFC Bank, IFSC
code: HDFC0007036 under section 59(1) of RE(R&D) Act, 2016 within (15)
days from the date of receipt of this order. Failing which necessary steps
will be taken under section 59(2) of the Act.
6.

This order lies to appeal before the T.S. Real Estate Appellate

Tribunal.

The

Govt.

Vide

G.O.Ms.No.8,

MA&UD

(Plg.III(1)),

Dept.,

dated:11.01.2017, designated the Telangana State Value added Tax
Appellate Tribunal as TS Real Estate Appellate Tribunal to manage the
affairs under RE (R&D) Act till the regular Tribunal is established.

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Sd/Sri.Laxminarayana Jannu, Hon’ble Member
Sd/Sri.K.Srinivasa Rao, Hon’ble Member
Sd/Sri. Dr. N.Satyanarayana, Hon’ble Chairman

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