*📢 Telangana RERA Restrains Pranith Koncepts from Selling Flats in Unregistered Blocks 🏘️*
1️⃣ ⚖️ Telangana Real Estate Regulatory Authority (TG RERA) has barred Pranith Koncepts Pvt. Ltd. from marketing, selling or collecting money for flats in unregistered blocks of its Pranith Koncepts Ambience project in Hyderabad.
2️⃣ 📍 The project is registered only for Blocks A, C & D, but the promoter was allegedly advertising and selling Flats in Blocks B, E, F & G without registration — a violation of the RERA Act.
3️⃣ 🚫 TG RERA’s interim order stops all transactions (ads, bookings, payments) in those unregistered blocks and extra floors until formal registration is obtained.
4️⃣ 📄 The authority has initiated penalty proceedings under the Real Estate (Regulation & Development) Act, 2016, which could include significant fines and other sanctions.
5️⃣ 🏗️ TG RERA also noted delayed construction in registered blocks and the promoter’s failure to assist in forming the Association of Allottees as required by law.
6️⃣ ⚠️ Buyers are urged to verify RERA registration before booking properties — selling unregistered units can be risky and unlawful.
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