Buyer to get Rs 21.7L interest for unfinished villa
Kumari, a resident of Mansoorabad, Hayath Nagar, Hyderabad, was interested in purchasing a villa from a builder in Ranga Reddy. Mr. Gupta, a real estate agent from Begum Bazar, connected her with the builder. The builder presented a villa project in Pasumamula Village, Abdullapurmet Mandal, and assured Kumari that she could receive the villa within six months if she made an upfront payment of Rs 79 lakh. She signed a sale agreement on February 5, 2024, for a 3600 square feet villa costing Rs 2.14 crore.
As per the agreement, Kumari expected to receive the villa by the end of 2025 or the first half of 2026, but as of August 2026, the construction was still incomplete. Frustrated, she filed a case against both the builder and Mr. Gupta with the Telangana Real Estate Tribunal (TSRERA). The TSRERA bench, comprising Members Srinivasa Rao and Laxmi Narayana Jannu, ruled in her favor on August 20, 2026, awarding her Rs 21.7 lakh in interest on the advance payment, calculated at 10.7% per annum from the date of agreement until the date of refund.
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