Telangana RERA Restrains Buildox Private Limited from Advertising and Selling Its Proposed Hafeezpet Project

Background Facts

The complainant filed a case against Buildox Private Limited (the respondent), alleging that the respondent has violated Sections 3 and 4 of the Real Estate (Regulation and Development) Act, 2016, by advertising the unregistered project proposed in Hafeezpet, Hyderabad. The complainant further alleged that the respondent has collected a significant sum from homebuyers in the name of this project, despite lacking title to the land and any agreements with the original landowners.

Additionally, the complainant alleges that the land on which the project is planned falls under a Prohibited Category, with matters related to the land pending before the Supreme Court. Consequently, the complainant filed a complaint before Telangana RERA seeking interim direction in the matter.

TSRERA Order

TSRERA, through the interim order , restrained the respondent from marketing, advertising, and selling the proposed project situated at Hafeezpet until the final disposal of this complaint. TSRERA also directed the respondent to deactivate the Facebook advertisement related to the project.

Furthermore, TSRERA directed the respondent to submit the company's bank account statement, along with those of its group companies and entities, within 7 days.

Case: Sri Sharath Chandimal VS M/s Buildox Private Limited

Citation: Complaint No.520 Of 2024

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