Telangana RERA fines Sikha Balaraju and his firms ₹3.69 lakh for posing as unregistered agents in the Poojitha Tech Park project, misleading buyers and violating the Real Estate Act

TGRERA has fined four real estate agents, including Vijayawada-based Sikha Balaraju, ₹3.69 lakh for fraud and misrepresentation in Hyderabad’s Poojitha Tech Park project. The agents were found violating the RERA Act by operating without registration.

TG RERA directs MCOR LLP in Ameenpur to hand over common areas and strictly follow the sanctioned layout plan, citing violations under RERA Act 2016.

Discover how Hyderabad's real estate market is evolving in 2025 with rising demand in suburbs and premium housing. Learn about current trends, infrastructure delays, regulatory issues, and growth opportunities.

In a strong move, TGRERA orders a builder to refund ₹15.1 lakh or register an unencumbered plot with 11% interest—reinforcing buyer protection in Telangana real estate. The Telangana RERA has directed a builder in the SV Golden City 5 project to either register a clear-title plot or return the full