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Hyderabad, the capital of Telangana, has experienced a significant rise in the real estate sector in recent years. The city has witnessed increased residential and commercial projects, attracting several buyers and investors. However, the growth of the real estate sector has also led to several issues, like delays in project completion, unfulfilled promises, and fraudulent practices by some builders. Real estate regulations in Hyderabad have undergone significant changes in recent years. These changes have been implemented by various factors, including the increasing demand for housing, the growth of the city, and the need to protect consumers from unscrupulous practices. This article will discuss some of Hyderabad’s critical real estate regulations and their impact on the sector. To address real estate sector issues and safeguard the interests of homebuyers, the Telangana government introduced the Real Estate (Regulation and Development) Act, 2016 (RERA), in Hyderabad. One of the most important regulatory bodies in Hyderabad’s real estate sector is the Telangana Real Estate Regulatory Authority (T-RERA). T-RERA was established in 2017 to regulate Telangana’s real estate sector and protect homebuyers’ interests. T-RERA can register and regulate real estate in Hyderabad, ensure the timely completion of projects, and resolve disputes between buyers and developers. Under T-RERA, developers must register their projects with authority and provide their timeline, cost, and specifications details. Developers must also deposit a certain percentage of the project cost in an escrow account to ensure the funds are used only for construction. T-RERA also mandates that developers provide a warranty period for the property and offer compensation in case of any defects or delays. In addition to T-RERA, the government of Telangana has also introduced several other regulations to improve transparency and accountability in the real estate sector. T These include the Telangana Building Rules, which provide guidelines for the construction of buildings, and the Telangana Apartment Ownership Act, which governs the ownership and management of apartments. Another essential regulation in Hyderabad’s real estate sector is the Goods and Services Tax (GST). GST is a tax on the supply of goods and services levied on selling under-construction properties. The introduction of GST has streamlined the tax system in the real estate sector and made it more transparent. Developers are now required to charge GST on selling under-construction properties and pass on the benefit of input tax credit to homebuyers. T-RERA also mandates builders to deposit 70% of the project’s funds in a separate bank account to ensure that the funds are utilized solely for construction purposes. The act also mandates builders to disclose all relevant information about the project, such as the carpet area, number of units, and amenities provided, to buyers before selling the property. Overall, the real estate regulations in Hyderabad have been designed to protect the interests of homebuyers and ensure that developers deliver projects on time and to the specified standards. These regulations have brought much-needed transparency and accountability to the sector and have boosted consumer confidence. As Hyderabad continues to grow, the government will likely introduce further regulations to ensure the sustainable and responsible development of the city’s real estate sector. Click More Information : Luxury villas in Turkapally