Penalty order on M/s Praneeta Developers

GOVERNMENT OF TELANGANA
TELANGANA STATE REAL ESTATE REGULATORY AUTHORITY, HYDERABAD
PENALTY ORDER
[Sec.59/60 of the RE (R&D) Act-2016]
No.C/1651/2024/TGRERA, Dt:5.10.2024

1.

It has come to the notice of this Authority that the Promoter / Owner /
Developer viz M/s Praneeta Developers & TAG Projects, Advertised/ Marketed/
booked and offered for sale the plots in the project at “The Patio”, situated in Sy.
No.76, 79, 81, 86 and 87 of Mokila Village, Shankarpally Mandal, Ranga Reddy
District, Telangana without registering the project with TG RERA.
2.
Accordingly, the Authority has issued show notice U/s 59/60 of RE(R&D)
Act, 2016 vide No.1651/2023/TGRERA, dt:12.02.2024 and 06.08.2024 to M/s
Praneeta Developers & TAG Projects to reply as to why this Authority shall not
levy the penalty under section 59/60 of the RE(R&D) Act - 2016.
3.
The Representative of the M/s Praneeta Developers TAG Projects has
submitted that, For Survey Nos. 66, 76 & 79 they do not hold any property rights
over these survey numbers. The land in these survey numbers has been under the
occupation of Mokila Thanda villagers for the past 80 Years, and it is currently
used for agricultural Purposes. There has been no development activity undertaken
in these areas by our company and Survey Nos 85 and 87 they have acquired these
lands in Mokila Village in recent years with the intent to develop them. However, as
of now, no development activities have commenced on these parcels of land. We
have applied for development permission from HMDA, as per File No.
061622/SKP/LT/U6/HMDA/01082023, dated 01.08.2023. As we have not yet
received the required approvals from HMDA, no development or promotional
activities related to “The Patio Villas project have been undertaken.
4.
Further they submitted that, they have not promoted; advertised; marketed
or invited any bookings or indulged in any manner offering to sale any plot in the
said venture since registration under The Real Estate Regulation and Development
Act 2016 is due and awaited.
5.
Further, the website only discloses the information that “Praneeta
Developers TAG Projects” of Mokila Village, Shankarpally Mandal, Ranga Reddy
District, Telangana is their upcoming project and no promotion or sale offer was
displayed on any of our websites.
6.
However the complainant has filed a broacher marketed by Praneeta
Developers & TAG Projects with all the details of the project clearly shows that
promoters are engaging in marketing/Advertising of their project “The Patio”
situated in Sy.No. 76, 79, 81, 86 and 87 of Mokila Village, Shankarpally Mandal,
Ranga Reddy District, without the registration with TGRERA.
7.
Therefore, it is construed that M/s Praneeta Developers TAG Projects, has
contravened section 3(1) & 4(1) of RE (R&D) Act, 2016, by Advertising/
marketing/selling units without registering the project with TG RERA disobeying to
the directions of the Authority and hence the developer is liable for a penalty of
Rs.37,03,277/- (Rupees Thirty Seven Lakhs Three Thousand Two Hundred and
Seventy Seven) pay the same in favour of TG 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 notice, Failing which necessary steps will be taken under
section 59(2) of RE(R&D) Act, 2016.
Sd/-

SECRETARY
TG RERA
To
M/s Praneeta Developers TAG Project, Plot No. 91/92/93, Lumbani Avenue, Flat No. 202,
Vasu Heights, Behind PVR Preston Prime, Gachibowli, Hyderabad -500 032.

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