Telangana RERA Permits Association Of Homebuyers To Take Over Project Due To Builder's Failure
While invoking Section 8 of the Real Estate Act, 2016, the Telangana Real Estate Regulatory Authority bench comprising Justice Dr. N. Satyanarayana, K. Srinivasa Rao, and Laxmi Narayana Jannu permitted the Association of Homebuyers to take over the project and complete it within eight months. Being Aggrieved, the homebuyers filed a complaint before the authority seeking possession and a direction to hand over the project to the association of homebuyers under Section 8 of RERA, 2016. Upon lapse of the registration or on revocation of the registration under this Act, the Authority, may consult the appropriate Government to take such action as it may deem fit including the carrying out of the remaining development works by competent authority or by the association of allottees or in any other manner, as may be determined by the Authority: Provided that no direction, decision or order of the Authority under this section shall take effect until the expiry of the period of appeal provided under the provisions of this Act: Provided further that in case of revocation of registration of a project under this Act, the association of allottees shall have the first right of refusal for carrying out of the remaining development works. Accordingly, the Authority permitted the Association of Homebuyers, under Section 8, to take over the project and complete it within 8 months, with an additional 6-month grace period.
Discover Related
Telangana HC halts land clearing near Hyderabad Central University
Yeida forms team to work on pending JAL housing projects in Gautam Budh Nagar
HC summons all Punjab DCs, SSPs over delay in handing over land to NHAI
Legal Briefs | Telangana HC reserves verdict on 2bhk allotment in Mankhal
Permission granted for 7 infra projects on defence lands in Telangana: Centre
ED begins probe in Nalasopara illegal buildings case
Investors challenge Ansal API bankruptcy ruling in NCLAT
Rebuild houses arbitrarily razed in Uttar Pradesh, suggests SC
Special office to be set up to issue title deeds at Punalur
HRERA sentences developer to jail over failure to refund ₹26 lakh
LDA files ₹4,500-cr claim against Ansal API in NCLT
MoEF panel asks AP to restore RLIS site to pre-construction stage
Telangana HC stays government order to resume Bhoodan land
ED orders transfer of Rs 52.31 crore assets to Aryarup scam victims
Karnataka Budget 2025 prioritizes infrastructure, disappoints homebuyers
Telangana HC stays land acquisition for industrial park in Lagcherla
Functioning of RERA ‘disappointing’, observes Supreme Court