Located in Mallampet Village, Medchal-Malkajgiri district, the project was initially scheduled for completion by July 1, 2023, with a grace period extending to December 2023.

However, with significant delays, RERA has directed the developer to finish all pending work within 90 days from November 14, 2024.

The action follows a complaint filed by flat buyers Allam Nagaraju, S. Arun Kumar, and others, who alleged multiple violations, including delays in project delivery and deviations from the approved construction plan.

According to the complainants, Sterling Homes did not adhere to the sanctioned plan, particularly in constructing the clubhouse and ensuring a compound wall to separate the project from its adjacent Phase II development.

They also accused the developer of misleading buyers by sharing amenities between Phase I and II without prior disclosure. Further, they alleged that Sterling Homes relocated the Sewage Treatment Plant (STP) in violation of the approved plan and began work on Phase II before completing Phase I, thereby compromising the rights of Phase I buyers.

In response, Sterling Homes defended itself in its submission to Telangana RERA (TGRERA), citing external factors such as regulatory hurdles, heavy rainfall, labour shortages, and disruptions caused by the pandemic as reasons for the delays.

The developer maintained that the deviations from the approved plan were minor adjustments made to ensure structural integrity and had been approved by the relevant authorities.

Sterling Homes denied allegations of malafide intent, asserting that Phase II construction was initiated only after securing the necessary approvals and that buyers had been informed about the shared amenities.

It further claimed that financial constraints, exacerbated by the complainants’ alleged non-payment of dues, contributed to the delays in completing Phase I.

In its ruling, RERA ordered the developer to complete all remaining work in the Sterling Orchids Phase I project, including promised amenities, strictly in line with the sanctioned plan, within 90 days.

Additionally, RERA mandated Sterling Homes to pay interest at a rate of 10.95% per annum to the complainants for the amounts already paid, as outlined in the Agreement of Sale.

At the same time, the complainants were directed to clear any pending sale consideration amounts within 45 days to facilitate the project’s progress. Both parties have been instructed to fulfill their respective obligations to ensure the project’s timely completion and prevent further disputes.

The post Telangana RERA Penalizes Sterling Homes ₹18 Lakh for Project Delays. appeared first on .

There have not yet been any complaints, according to sources at the Rera headquarters in Nagpur. A builder may be penalized up to 5% of the project cost in the event of a lapse.

The sum would vary according to how serious each instance was. If the QR code is absent from papers like brochures, advertising, or other promotional materials, customers may object.

Beginning on August 1, Maha-RERA has made it necessary for contractors to create a QR code for each of their projects, which must be placed in all relevant promotional materials. By scanning the code, customers will be able to access all the pertinent papers pertaining to a project.

Builders also find it simple to comply, according to Gaurav Agrawala, president of the Confederation of Real Estate Developers of India’s Nagpur chapter. The code leads the customer to the applicable builder’s page on the Rera website, where they can view all pertinent paperwork.

Reading the code reveals details about the project’s approval, size, land ownership, the presence of encumbrances on the site, completion date, and even the total number of reservations made thus far. This includes all the data that is presented to the Rera when registering a project.

It is not permitted to contain private information about the builder, such as his financial situation, which must be disclosed to Rera as well in order to verify that the realtor has the funding necessary to finish a project. Even information about other buyers wouldn’t be accessible.

Any document that promotes a specific construction project must have a QR code. If not, a fine of up to 5% of the project cost may be imposed on the constructor. Sanjay Bhimanwar, deputy secretary and head of the Rera’s office in Nagpur, indicated that the punishment will depend on how serious the error was.

Every kind of paper that could be used as advertising for a real estate project is covered by the rule, according to him. Its purpose is to make it easier for users to get project-related facts.

Earlier, it was necessary to present the Rera registration number. By entering the registration number on the Rera website, the information could be viewed. However, few customers were familiar with this mode. With the QR code, he predicted that it would be considerably simpler.

Builders have welcomed the change, according to Anil Nair of Pioneer Constructions, because it also makes it simple for the builder to provide a buyer with all the necessary information. The Confederation of real estate developers of India (CREDAI), according to Sunil Duddalwar of M/s Himalaya Builders, has endorsed the action.

The post MahaRERA may impose fines on contractors who fail to include QR codes in their ads. appeared first on .