Penalty order on M/s V.V Infra Projects

GOVERNMENT OF TELANGANA
TELANGANA REAL ESTATE REGULATORY AUTHORITY,
HYDERABAD
PENALTY ORDER
[Sec.59/60 of the RE (R&D) Act-2016]
No.C/653/2024/TGRERA, Dt:26.06.2024
1.

It has come to the notice of this Authority that the Promoter / Owner /
Developer viz M/s V.V Infra Projects, Advertised/ Marketed/booked and offered for
sale the plots in the project at “Vivanta Green Meadows” , situated in Sy.No. 31/A,
37/A, 38/Part in Chandippa 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.653/PRO/2024/TGRERA, dt:7.05.2024 to M/s Vedantha
Developers to reply as to why this Authority shall not levy the penalty under
section 59/60 of the RE(R&D) Act-2016.
3.
Further, in the Authority meeting held on 7.6.2024 the promoter has been
served the complaint filed by S. Vivekananda and others and directed to submit
their reply on the complaint on next date of hearing. The Representative of the M/s
V.V Infra Project has attended the hearing on 22.6.2024 before the Authority
Meeting.
4. The Representative of the M/s V.V Infra Project has submitted that they have
erected board at the time of inauguration of the project site. But denied about the
marketing or Advertising of the Project by them.
5.
However the complainant has filed a broacher marketed by Vedantha
Developers with all the details of the project clearly shows that promoters are
engaging in marketing/Advertising of their project Vivantha Green Meadows
situated at Sy.No’s.31/A, 37/A, 38/ Part, situated at Chandippa Village,
shankarpally Mandal, Ranga Reddy District without the registration with TGRERA
6.
Therefore, it is construed that M/s V.V Infra Project, 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.3,38,550/- (Rupees
Three lakhs Thirty Eight Thousand and Five Hundred Fifty Only) and directed to
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 V.V Infra Project,
Chandippa Village, Shankarpally Mandal,
Ranga Reddy District