Kompally: TGRERA directs builder to ensure transparency in maintenance funds
Hyderabad: The Telangana Real Estate Regulatory Authority (TGRERA) has directed a city based real estate firm Saket Engineers Pvt Ltd to ensure transparency in monthly statements of all maintenance related income and expenditure, the particulars of accrued interest on advance deposits or corpus funds for the benefit of the residents.
Senior citizen flat allottees of Saket Pranamam apartment complex in Gowdavalli near Kompally formed Saket Pranamam Senior Citizens Friends Association and approached the TGRERA alleging that the builders have failed to ensure timely provision of basic promised amenities essential to senior citizens’ quality of life, including potable drinking water from the Godavari river, reliable electrical infrastructure to prevent frequent power outages, timely gas pipeline connections, and adequate functioning of lifts.
Additionally common areas, particularly corridors, reportedly experience frequent rainwater leakages posting slipping hazards that jeopardise residents’ safety.
The Complainant Association further alleged that the builder not only missed the promised deadline to handover the flats but also refused to compensate for the expenses incurred on renting alternate accommodations by the allottees.
The residents also claimed that allottees from Block-B were forced to form and duly register the Complainant Association under Telangana Societies Registration Act in 2004, however, the builder refused to recognise it and instead formed another association under the provisions of the Mutually Aided Cooperative Housing Society.
It (TGRERA) is refraining from “recognising” the complainants’ society registered under the societies registration as the “exclusive” entity to handle the project’s maintenance and administration. The complainants could continue their existing society for social, cultural or welfare activities. However, “for the purpose of maintenance and project-wide administration, the cooperative society is the recognized statutory entity as per local law and the High Court directives”, the order said.
