Telangana RERA Slaps 18 Lakh Penalty on Sterling Homes for Project Delays

Dated on: Wednesday 20th November 2024

The Telangana Real Estate Regulatory Authority (RERA) has imposed an ?18 lakh penalty on Sterling Homes, a real estate developer, for project delays. This action stems from a complaint by a buyer who alleged that the developer failed to deliver the property on time, violating RERA regulations. The authority ruled in favor of the buyer, emphasizing the importance of adhering to agreed timelines and safeguarding consumer interests in the real estate sector.