+
Allahabad HC Grants Zero Period Waiver for Sunshine Trade Tower
Real Estate

Allahabad HC Grants Zero Period Waiver for Sunshine Trade Tower

The Allahabad High Court has granted a zero period waiver for the Sunshine Trade Tower project due to delays caused by incomplete road infrastructure. This waiver allows the project developers to extend the deadline without facing penalties, providing crucial relief as they address the ongoing construction issues.

Sunshine Trade Tower, a significant commercial development in Allahabad, faced delays primarily because the associated road infrastructure was not ready as initially promised. The developers had sought this waiver to avoid financial penalties and additional complications arising from the delay.

The court's decision underscores the challenges faced by real estate developers when external factors, such as infrastructure readiness, impact project timelines. By allowing the waiver, the court acknowledged the constraints beyond the developers control and provided a pragmatic solution to avoid unjust financial burdens.

This ruling is expected to influence similar cases where developers encounter unforeseen delays linked to municipal or infrastructural shortcomings. It highlights the need for better coordination between developers and local authorities to ensure that essential infrastructure is completed in tandem with construction projects.

The decision also reflects a growing trend towards judicial leniency in cases where developers face genuine difficulties due to factors outside their immediate control. This approach aims to balance the interests of developers with the need for timely project completion and regulatory compliance.

As the Sunshine Trade Tower project progresses, this waiver could provide the necessary breathing space to address remaining challenges and ensure successful project completion.

The Allahabad High Court has granted a zero period waiver for the Sunshine Trade Tower project due to delays caused by incomplete road infrastructure. This waiver allows the project developers to extend the deadline without facing penalties, providing crucial relief as they address the ongoing construction issues. Sunshine Trade Tower, a significant commercial development in Allahabad, faced delays primarily because the associated road infrastructure was not ready as initially promised. The developers had sought this waiver to avoid financial penalties and additional complications arising from the delay. The court's decision underscores the challenges faced by real estate developers when external factors, such as infrastructure readiness, impact project timelines. By allowing the waiver, the court acknowledged the constraints beyond the developers control and provided a pragmatic solution to avoid unjust financial burdens. This ruling is expected to influence similar cases where developers encounter unforeseen delays linked to municipal or infrastructural shortcomings. It highlights the need for better coordination between developers and local authorities to ensure that essential infrastructure is completed in tandem with construction projects. The decision also reflects a growing trend towards judicial leniency in cases where developers face genuine difficulties due to factors outside their immediate control. This approach aims to balance the interests of developers with the need for timely project completion and regulatory compliance. As the Sunshine Trade Tower project progresses, this waiver could provide the necessary breathing space to address remaining challenges and ensure successful project completion.

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?