The Real Estate Regulatory Authority (RERA) has imposed a hefty fine of INR 10.6 lakh on a construction firm in Hyderabad for deviating from the approved building plan. The firm was found to have made significant changes to the original plan without obtaining the necessary approvals from the authorities. This violation of RERA guidelines led to the imposition of the fine, underscoring the importance of adhering to regulations in the real estate sector. RERA was established to protect the interests of homebuyers and ensure transparency in the real estate industry. This enforcement action serves as a warning to other developers to comply with regulations to avoid penalties. The construction firm has been directed to pay the fine promptly to avoid further legal consequences. This incident highlights the significance of RERA in maintaining the integrity of the real estate market in India. Developers and builders are advised to strictly follow the approved plans and seek approvals for any modifications to avoid facing similar penalties. Adherence to RERA guidelines is crucial for maintaining trust and accountability in the real estate sector, promoting a fair and transparent environment for all stakeholders involved in property transactions.

Posted in
JUST IN
“Hyderabad construction firm fined Rs 10.6L by RERA for plan deviation”
In Trend

Ukraine agrees to US-proposed 30-day ceasefire amid high-stakes negotiations; awaits Moscow’s response.
