Hyderabad: Telangana Real Estate Regulatory Authority (TG RERA) has ordered initiation of penalty proceedings against Sivom Projects, its managing director and a landowners’ power of attorney holder for selling 40 plots in the Sivom Sahasra II venture at Jeedimetla without mandatory RERA registration. The authority, however, declined to direct completion of the project, leaving buyers who have waited over six years for development works without immediate relief.
Because the Telangana high court’s status quo order concerning the tentative GHMC layout approval remains in force, rERA declined to order completion of development works.
The authority said allegations of encroachment and threats should be taken to the police or civil court. A civil partition suit and GHMC proceedings reviewing the layout approval are also pending. It also rejected the buyers’ request to undertake development themselves by selling five plots mortgaged to GHMC. Buyers can approach RERA again after the pending proceedings are decided.