Acting As Real Estate Agent Without Registration, Telangana RERA Imposes Rs. 3.69 Lakh Penalty

The Telangana Real Estate Regulatory Authority (RERA) has imposed a substantial penalty of Rs 3.69 lakh on an individual for acting as a real estate agent without the mandatory registration. This action was taken under the provisions of the Real Estate (Regulation and Development) Act, 2016, which makes it illegal for any agent to facilitate the sale or purchase of properties in a registered real estate project without obtaining a RERA registration. The penalty underscores the authority's commitment to enforcing compliance and protecting the interests of homebuyers. By penalizing unregistered agents, Telangana RERA aims to bring more transparency and accountability to the real estate sector. This move serves as a stern warning to other unregistered brokers and reinforces the importance for consumers to deal only with RERA-registered agents to ensure their transactions are secure and compliant with the law.