Telangana RERA orders Garudaa Infra to refund ₹1.30 crore to buyers
HYDERABAD: The Telangana Real Estate Regulatory Authority (TG-RERA) has directed Garudaa Infra Innovative to refund ₹1,30,00,000 to two homebuyers after finding that the firm collected money for villas in an unregistered project in Sangareddy district.
The authority ordered the developer to return ₹1,10,00,000 to Yalamanchili Srinivasa Rao and ₹20,00,000 to Yalamanchili Minaly, along with interest at 10.70% per annum from the respective dates of payment until full realisation.
The case was heard on December 11, 2025. The respondents did not appear despite repeated notices and were set ex-parte.
Buyers paid for villas in Kardhanur project
According to the complaint, Srinivasa Rao and his daughter Minaly agreed to purchase Villas 26 and 36 in a proposed project at Kardhanur village in Patancheru mandal of Sangareddy district.
Each villa was proposed to have a built-up area of 3,000 sq ft on 200 sq yards at an agreed price of ₹4,200 per sq ft.
Srinivasa Rao paid ₹1,10,00,000 between October 2023 and April 2024 through cheques and cash. Minaly paid ₹20,00,000 through two cheques in October 2023.
The complainants alleged that despite receiving ₹1.30 crore, the developer neither began construction nor took steps to develop the villas. They also claimed the firm showed permissions and RERA documents that later proved invalid.
Project found unregistered under RERA
During the proceedings, the authority verified the Telangana RERA portal and found that the project had not been registered under the Real Estate (Regulation and Development) Act, 2016.
TG-RERA noted that the developer had advertised and collected money for the project without registration, violating Sections 3(1) and 4(1) of the Act.
The authority also recorded that stamped receipts issued by “Garudaa Infra” confirmed the payments made by the buyers.
Under Section 18(1) of the Act, homebuyers are entitled to withdraw from a project and seek a refund with interest if the promoter fails to complete the project or deliver possession.
Authority orders refund with interest
The authority concluded that the complainants had proved their payments and were entitled to a refund.
It directed the respondents to repay the amounts within 60 days along with interest calculated at the State Bank of India’s highest Marginal Cost of Lending Rate plus 2%, currently 10.70% per annum.
TG-RERA also restrained the developer from advertising, marketing or collecting money for the project without registration and asked its secretary to initiate penalty proceedings under Sections 59 and 60 of the Act.
The authority warned that failure to comply with the order would attract action under Section 63 of the Act.
