Telangana RERA orders refund for buyers over delayed project at Gopanpally

Dated on: Friday 11th April 2025

The Telangana Real Estate Regulatory Authority (TGRERA) has ordered a city-based real estate firm to refund the entire amount paid by buyers in nine separate cases related to the commercial project "Western Galaxy" at Gopanpally, Serilingampally Mandal. The refund is to be made along with an interest of 11% per annum from the date of the Memorandum of Understanding (MoU) until the date of realization. Orders were issued on March 28 and 29. The developer failed to deliver possession of the units as agreed. TGRERA ordered the developer to refund the amounts paid by the buyers within 90 days. Upon receipt, the buyers are to return the collateral lands to the company. The authority cautioned that non-compliance would attract penalties under Section 63 of the Act.