Goa RERA Fines Builder Rs 500,000 for Non-Registration
04 Mar 2025
2 Min Read
CW Team
The Goa Real Estate Regulatory Authority (RERA) has imposed a Rs 500,000 penalty on Panjim-based T R Constructions for failing to register their project with the Authority. Additionally, the builder has been ordered to pay Rs 100,000 in costs to the complainant, the Colva Civic and Consumer Forum, represented by its president Judith Almeida and secretary Shakuntala Mesquita.
Goa RERA member Vincent D鈥橲ilva directed T R Constructions to pay the penalty within 60 days, warning that failure to comply would lead to further legal action under Section 59 of the RERA Act. The three respondents鈥擲onia Lemos, Tony Rodrigues, and T R Constructions鈥攎ust also file a compliance report in the form of an affidavit within two months, or face additional legal proceedings.
The respondents had undertaken a plotted development project across 16,725 square metres in Colva Village, Salcete, allegedly selling five plots without displaying the mandatory board with developer details, licenses, and permissions. The project faced serious infrastructure issues, including inadequate road access鈥攑roposed roads were far narrower than required, with no scope for road widening due to existing structures.
Despite these deficiencies and the land鈥檚 unsuitability for plotted development, the Town and Country Planning (TCP) Department in Margao controversially approved the project on April 20, 2023, allegedly in collusion with the developers.
(heraldgoa)
The Goa Real Estate Regulatory Authority (RERA) has imposed a Rs 500,000 penalty on Panjim-based T R Constructions for failing to register their project with the Authority. Additionally, the builder has been ordered to pay Rs 100,000 in costs to the complainant, the Colva Civic and Consumer Forum, represented by its president Judith Almeida and secretary Shakuntala Mesquita.Goa RERA member Vincent D鈥橲ilva directed T R Constructions to pay the penalty within 60 days, warning that failure to comply would lead to further legal action under Section 59 of the RERA Act. The three respondents鈥擲onia Lemos, Tony Rodrigues, and T R Constructions鈥攎ust also file a compliance report in the form of an affidavit within two months, or face additional legal proceedings.The respondents had undertaken a plotted development project across 16,725 square metres in Colva Village, Salcete, allegedly selling five plots without displaying the mandatory board with developer details, licenses, and permissions. The project faced serious infrastructure issues, including inadequate road access鈥攑roposed roads were far narrower than required, with no scope for road widening due to existing structures.Despite these deficiencies and the land鈥檚 unsuitability for plotted development, the Town and Country Planning (TCP) Department in Margao controversially approved the project on April 20, 2023, allegedly in collusion with the developers.(heraldgoa)
Next Story
3i Infotech Reports Rs 7.25 Bn Revenue for FY25
3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..
Next Story
Emerald Finance Joins Baya PTE to Boost SME Bill Discounting
Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..
Next Story
BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25
BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..
