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 housing project in Coimbatore that has been stuck for quite some time.
The Rera authority will write to the country planning department for permission; then the association will apply for registration with Rera and the homebuyers’ body will complete the project.
While this order brings big relief to 700 homebuyers, it has come at a time several Rera authorities are not enforcing execution orders against builders despite their repeated failures to comply with orders.
In this case, Sahara Housing Investors Association (SHIA), a homebuyers’ body formed by buyers who had invested in the Sahara City Homes project in Coimbatore from 2005 onwards had filed a complaint with the TNRera against Sahara Prime City in March 2019 about the stoppage of the project. The builder had promised possession of houses from 2011 onwards.
TNRERA appoints panel to execute sale deeds of 700 buyers in Coimbatore
The Rera authority will write to the country planning department for permission; then the association will apply for registration with Rera and the homebuyers’ body will complete the project.
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