TGRERA orders Krithika Infra Developers to refund ₹35 lakh with 10.75% interest to homebuyer
Authority cites delay, lack of RERA registration in Boduppal housing project
HYDERABAD: The Telangana Real Estate Regulatory Authority (TGRERA) has directed Krithika Infra Developers to refund ₹35,00,000 with 10.75% annual interest to complainant Kosuri Uma Maheshwari within 30 days. The order, dated November 3, 2025, was issued under Sections 37 and 38 of the Real Estate (Regulation and Development) Act, 2016.
TGRERA order also states that the developer was set ex-parte due to non-appearance despite service of notice and said it violated Sections 3 and 4, and is liable for penal action under Section 59 for marketing and selling an unregistered project.
The authority noted that despite collecting the full sale amount from the complainant for a flat in the project Sheshadri’s Silveroak, the developer neither began construction nor obtained RERA registration or necessary permissions.
Complainant paid full amount during pre-launch
Maheshwari purchased a 1,433 sq. ft. flat along with one car parking in the Boduppal project under a pre-launch offer through an Agreement of Sale dated August 1, 2022 (Document No. 29780, AK 938473). The developer received payments totalling ₹35 lakh between June 6 and July 4, 2022, through online transactions.
In February 2023, she was also asked to pay ₹2.85 lakh towards registration charges for 31.8 sq. yards of undivided share (UDS) land, which she did. However, the developer allegedly failed to register the land in her favour.
Developer failed to start work, lacked approvals
According to the complaint, Krithika Infra Developers, represented by Managing Partner/CEO D. Srikanth, executed another agreement assuring completion of the project but did not start construction. The authority observed that the builder had neither commenced development nor secured statutory approvals, amounting to violation of the Act.
The TGRERA directed the respondent to refund the entire paid amount, along with 10.75% interest (SBI MCLR 8.75% + 2%),as per Rule 15 of Telangana RERA Rules, 2017 calculated from the respective payment dates until the actual refund is made. The amount paid for UDS registration was claimed but not substantiated, and hence excluded from the refund order. Failure to comply will result in a penalty under Section 63 of the Act. The complaint was subsequently disposed of with no order as to costs. The Developer has been ordered a prior penalty of ₹9,96,050 in Complaint No. 115 of 2024 for the same project and declared as a defaulter in another complaint(complaint no.86 of 2025)
