TGRERA directs Srusti Infra to transfer ₹1.3 crore corpus fund and complete pending works

HYDERABAD: Authority warns of stern action for non-compliance within stipulated time

The Telangana Real Estate Regulatory Authority (TGRERA) has directed M/s Srusti Infra Developers (I) Pvt. Ltd., along with its managing directors G. Venkatesh Reddy and Jupally Rajashekar Rao, to transfer the agreed corpus fund of ₹1.3 crore to the registered association of allottees of “Srusti Symphony”, a gated community project in Masjidbanda, Kondapur, Ranga Reddy district.

The order, issued on October 9, 2025, followed complaints filed by C. Vani Reddy (Complaint No. 78) and Nyayapati Pattabhi Ramamiah (Complaint No. 98). Both allottees alleged that the promoter failed to complete several essential works, withheld the corpus fund, and did not obtain the Occupancy Certificate (OC) from the Greater Hyderabad Municipal Corporation (GHMC).

Promoter directed to rectify pending works in 60 days

The complainants stated that despite paying ₹3.26 lakh and ₹1.34 lakh respectively as corpus fund—at the rate of ₹100 per sq. ft.—along with ₹6 lakh towards amenities, the developer had neither completed facilities such as the swimming pool, clubhouse, and sewerage treatment plant nor transferred the corpus to the association. They also cited structural issues, including water stagnation on terraces and leaking drainage lines in the cellar.

The Authority, after examining submissions and documentary evidence, directed the promoter to:

• Ensure full realisation of the corpus fund of ₹1.3 crore to the registered association within the agreed period.
• Complete pending amenities, including operationalisation of the swimming pool and firefighting systems, and rectify water stagnation within 60 days of the order.
• Comply with GHMC’s requirements for OC within one week.
• Convert common electricity connections from commercial to domestic use and regularise water supply within 10 days of obtaining OC.

Residents face high costs due to lack of OC

The complainants said the project’s failure to secure OC had deprived residents of free domestic water supply of 20,000 litres per household per month, forcing them to spend nearly ₹25 lakh annually on private water. The electricity connections, still categorised as commercial, have also led to inflated power bills.

TGRERA noted that the promoter had dissolved the original entity and floated new companies to evade obligations under the existing project. The Authority placed the respondent under “stern notice”, warning that any further delay or disregard of directions would invite strict regulatory action under Section 63 of the Real Estate (Regulation and Development) Act, 2016.

The complaints were disposed of with the above directions and no order as to costs.