TNRERA elects RERA panel to execute sale deeds of 700 buyers
Real Estate

TNRERA elects RERA panel to execute sale deeds of 700 buyers

The Tamil Nadu Real Estate Regulatory Authority (TNRERA) has elected a committee of RERA officials to implement sale deeds for undivided shares or plots in favour of the association of buyers of a delayed housing plan in Coimbatore.

The RERA authority will write to the country planning department for approval, then the association will apply for registration with the RERA, and the homebuyers' body will attain the project. While this order draws huge relief to 700 house buyers, it has come at a time when different RERA officials are not enforcing the execution orders against builders despite their repeated failures to comply with orders.

In this case, Sahara Housing Investors Association (SHIA), a home buyers’ body created by aggrieved buyers who had pumped in in the Sahara City Homes, Coimbatore project from 2005 onwards had listed a complaint with the TNRERA against the Sahara Prime City Limited in March 2019 about the stoppage of the project.

The builder had agreed to give ownership of homes from 2011 onwards. The SHIA had additionally complained about how the builder had not recorded the project with RERA, which was a legal requirement. After multiple hearings the RERA passed an order in favour of the buyers in January 2020.

The builder had admitted they were in terrible financial condition and inability to resume the left construction in the project. The TNRERA had ordered to implement the sale deed, for the undivided share or plot in respect of allottees and conveying the common spaces in favour of the association within three months and additionally inflicted a Rs 1 crore penalty on the builder for non-registration of the project under the TNRERA.

It had ordered the Director of Town and Country Planning (DTCP) to nod renewal or revised planning permission to the association since the earlier approval lapsed in September 2014. But as the builder failed to comply with the order within the specified time, the homebuyers’ association listed an Execution Petition (EP) with TNRERA in December 2020. The RERA announced the order in favour of the homebuyers on November 18.

Image Source

Also read: TNRERA gets 483 real estate agent registrations

The Tamil Nadu Real Estate Regulatory Authority (TNRERA) has elected a committee of RERA officials to implement sale deeds for undivided shares or plots in favour of the association of buyers of a delayed housing plan in Coimbatore. The RERA authority will write to the country planning department for approval, then the association will apply for registration with the RERA, and the homebuyers' body will attain the project. While this order draws huge relief to 700 house buyers, it has come at a time when different RERA officials are not enforcing the execution orders against builders despite their repeated failures to comply with orders. In this case, Sahara Housing Investors Association (SHIA), a home buyers’ body created by aggrieved buyers who had pumped in in the Sahara City Homes, Coimbatore project from 2005 onwards had listed a complaint with the TNRERA against the Sahara Prime City Limited in March 2019 about the stoppage of the project. The builder had agreed to give ownership of homes from 2011 onwards. The SHIA had additionally complained about how the builder had not recorded the project with RERA, which was a legal requirement. After multiple hearings the RERA passed an order in favour of the buyers in January 2020. The builder had admitted they were in terrible financial condition and inability to resume the left construction in the project. The TNRERA had ordered to implement the sale deed, for the undivided share or plot in respect of allottees and conveying the common spaces in favour of the association within three months and additionally inflicted a Rs 1 crore penalty on the builder for non-registration of the project under the TNRERA. It had ordered the Director of Town and Country Planning (DTCP) to nod renewal or revised planning permission to the association since the earlier approval lapsed in September 2014. But as the builder failed to comply with the order within the specified time, the homebuyers’ association listed an Execution Petition (EP) with TNRERA in December 2020. The RERA announced the order in favour of the homebuyers on November 18. Image Source Also read: TNRERA gets 483 real estate agent registrations

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement