The Telangana Real Estate Regulatory Authority (TG RERA) has directed Jayathri Infrastructure Pvt. Ltd. to refund ₹38 lakh to three property buyers who invested in its Western Waves project at Nanakramguda, Hyderabad, along with 10.85 per cent annual interest within 90 days of the order.
The complainants, M. Suresh, M. Dinesh and M. Ramesh, told the authority that they had paid ₹38 lakh to Jayathri in 2021. They were allotted a 500-square-foot commercial unit in the project, along with an undivided share of 11.5 square yards.
TG RERA found that the Western Waves project was unregistered. The authority also noted that several complaints had been filed against the company in connection with the project. Jayathri Infrastructure failed to appear before the bench despite receiving multiple notices during the proceedings, according to the report.
The authority held that the complainants were entitled to a refund of the full amount they had paid. The order requires the builder to return ₹38 lakh with interest calculated at 10.85 per cent per annum within 90 days.
The case places the regulatory requirements for project registration at the centre of a dispute involving a commercial property purchase. Under the proceedings described in the report, the buyers’ claim was considered in the context of the project’s unregistered status and the company’s failure to participate in the hearings.
The order follows separate enforcement action against Jayathri Infrastructure’s managing director, Kakarla Srinivas. The Enforcement Directorate arrested Srinivas in 2025 in connection with an alleged ₹300-crore pre-launch scam. The ED said that Cyberabad police had registered multiple first information reports against Srinivas and Jayathri Infrastructure.
According to the ED’s investigation, Srinivas had generated proceeds of crime amounting to ₹61 crore. The supplied report does not state whether the TG RERA refund order is connected to the ED proceedings or how the ordered payment will be recovered if the builder does not comply.
The authority’s direction requires Jayathri Infrastructure to complete the refund, including the applicable interest, within the specified 90-day period. The order gives the complainants a defined repayment timeline after the proceedings over the Western Waves project.
