- REG News effect..
- REG News was correct!
- Revealed in the investigation.
- When will Buildox be fined?
The story published by REG News proved to be true. REG News was the first to bring to light the fact that Buildox is selling flats in pre-launch in Hafeezpet survey number 80, a disputed land opposite My Home Mangala in Kondapur. Based on that, TS RERA gave a notice to Buildox, and the company did not respond. Recently, the second notice was issued again. With this, the representatives of Buildox appeared for the investigation on Wednesday and Thursday. The representative of Buildox stated in the inquiry that the pre-launch allegations are baseless. However, TS RERA has concluded that it has receipts from some buyers indicating that they made purchases during the pre-launch. It was concluded that Bhuvi by Vasavi Buildox in Gundlapochampally has RERA approval, but the construction in Hafeezpet Survey No. 80 doesn’t. In this order, RERA has ordered that no buyer should buy into the Buildox project.
* The task of TS RERA is to find out who the members of BUILDOX are and whether they have any experience undertaking construction projects in the past. How many flats have been sold in Buildox so far? How much money did the company receive from buyers? Further matters should be investigated. The money collected so far should be returned.
