Real Estate

Real Estate Transactions

TNRera appoints panel to execute sale deeds of 700 buyers of Sahara City project

Economic Times  

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 housing project in Coimbatore that has been stuck for quite some time. Sahara Housing Investors Association, a body formed by buyers who have 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.