INCOME TAX6 Sept 2026
Builder promised 5069 sq ft villa, delivered smaller one; Telangana RERA offers relief to homebuyer | Mint
A Hyderabad homebuyer paid a ₹20 lakh token advance for a 5,069 sq ft villa costing ₹3.6 crore. At agreement, only 3,900 sq ft was shown; the remaining 1,169.76 sq ft became 'open space'. He says he was overcharged by ₹90 lakh. Telangana RERA penalised the builder and gave the buyer relief. Builders must deliver what they advertise.
Key Statutory Highlights
- A Hyderabad homebuyer paid ₹20 lakh as token advance for a ₹3.6 crore villa advertised at 5,069 sq ft.
- The sale agreement showed only 3,900 sq ft, with the remaining 1,169.76 sq ft classified as open space, overcharging him by ₹90 lakh.
- Telangana RERA penalised the builder and provided relief to the homebuyer, rejecting the builder's claim that the brochure area was indicative.
Actionable Advice for Taxpayers / Founders:Before signing a property agreement, check the project's RERA registration and compare the exact area in the brochure with the agreement; if there is a mismatch, raise it in writing and consider a RERA complaint.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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