TN Rera Appoints Panel to Execute Sale Deeds for Undivided Share/Plots
In a landmark decision, the Tamil Nadu Real Estate Regulatory Authority (TNRERA) has appointed a committee of RERA officials to execute sale deeds for undivided share/plots in favour of the association of buyers of a stuck housing project in Coimbatore. The RERA authority will write to country plann
Published -
Nov 22, 2021 7:15 PM
In a landmark decision, the Tamil Nadu Real Estate Regulatory Authority (TNRERA) has appointed a committee of RERA officials to execute sale deeds for undivided share/plots in favour of the association of buyers of a stuck housing project in Coimbatore. The RERA authority will write to country planning department for permission; then the association will apply for registration with the RERA and the homebuyers' body will complete the project. While this order brings big relief to 700 homebuyers it has come at a time different RERA authorities are not enforcing the execution orders against builders despite their repeated failures to comply with orders. In this case, (SHIA), a home buyers’ body formed by aggrieved buyers who had invested in the Sahara City Homes, Coimbatore project from 2005 onwards had filed a complaint with the TNRERA against the Sahara Prime City Ltd in March 2019 about the stoppage of the project. The builder had promised to hand over possession of houses from 2011 onwards. The SHIA had also complained how the builder had not registered the project with RERA, which was a legal requirement. After multiple hearings the RERA passed order in favour of the buyers in January 2020. The builder had admitted they were in dire financial condition and inability to resume the remaining construction in the project The TNRERA had directed to execute the sale deed, for the undivided share/ plot in respect of allottees and conveying the common areas in favour of the association within three months and also imposed a Rs 1 crore penalty on the builder for non-registration of the project under the TNRERA. It had directed Director of Town and Country Planning (DTCP) to approve renewal or revised planning permission to the association since the earlier permission lapsed in September 2014.
Tags : News/Views homebuyers DTCP town and country planning sale deeds TNRERA Sahara City Homes RERA Authority Undivided Share Plots