Hyderabad: TG RERA directs PVR Developers to register ‘Urban Life’ home buyers association
TG RERA directs PVR Developers to register ‘Urban Life’ home buyers association
By Sistla Dakshina Murthy
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Hyderabad: The Telangana Real Estate Regulatory Authority (TG RERA) has directed PVR Developers to immediately form and register the association of homebuyers, following years of inaction.
This ends a long wait of scores of homebuyers who were fighting for basic rights in the ‘Urban Life’ project at Shankarpally.
RERA pulls up PVR Developers
In interim orders issued on July 2, TG RERA chairman N Satyanarayana ordered PVR Developers to initiate all necessary steps for the constitution and registration of the association and submit a detailed status report with timelines for compliance.
“Initiate all necessary steps for the immediate constitution and registration of such an association and file a detailed status report indicating timelines for compliance,” the order stated.
Buyers complain of delays and deficiencies
Two buyers, Rambadri Siddarth and Kiranmayi Tupakula, flat owners of Manjeera Diamond Towers in Nallagandla approached TG RERA citing delays and deficiencies in the ‘Urban Life’ project located at Survey Nos. 326(P), 327, 328, and 329, Shankarpally village.
They were allotted Villa No. 47 under an agreement of sale dated May 16, 2020, but raised concerns over the lack of project completion and the absence of an association to address common issues.
Formation of an association is mandatory
As per RERA rules, developers must enable the formation of an association or society of allottees within three months from the date a majority of units are booked.
Despite this, complainants submitted a memo stating that no such association exists even years after their purchase, leading to TG RERA’s intervention to safeguard buyers’ rights.
