9 months ago
Telangana RERA Hands Over Stalled Housing Project to Homebuyers
Imagine you paid for a toy that a company promised to build for you by a certain date, but they never finished it.
You and the other kids who also paid are very upset.
A special 'rule maker' for housing projects, called RERA, stepped in.
RERA told the company they couldn't finish the toy and gave the job to you and your friends.
Now, you and the other buyers will work together to finish building your homes.
A group will watch to make sure everything is built correctly.
This is to help people who bought homes and didn't get them, and to make sure companies don't cheat people anymore.
Telangana RERA has taken over the stalled Jaya Platinum housing project in Bowrampet, Hyderabad.
The authority invoked Section 8 of the RERA Act, empowering homebuyers' association to complete the project.
The project, developed by Jayathri Infrastructures, was delayed by over two years past its December 2022 deadline.
A monitoring committee from Naredco and Credai will oversee the completion process.
This move is seen as a significant step to protect homebuyers' interests and increase accountability in the real estate sector.
- Who
- Telangana Real Estate Regulatory Authority (TG RERA), Jayathri Infrastructures, and around 60 homebuyers of the Jaya Platinum project
- What
- TG RERA has taken over a stalled housing project and handed its completion to the association of homebuyers under Section 8 of the RERA Act.
- Where
- Bowrampet, Medchal-Malkajgiri district, Hyderabad.
- When
- Final orders were passed recently, following interim orders in April 2025. The original deadline for completion was December 2022.
- Why
- The developer, Jayathri Infrastructures, failed to complete the project by the promised deadline, leaving homebuyers in financial and emotional distress.
Homebuyers
Errant Developers
Project Completion
Homebuyers
Homebuyers are empowered by RERA to take over and resume construction of the stalled Jaya Platinum project, aiming to complete their promised homes.
Errant Developers
Jayathri Infrastructures, the developer, failed to meet contractual obligations, leading to the project's delay and RERA's intervention.
RERA's Role
Homebuyers
RERA's intervention is seen as a positive step to protect genuine buyers and ensure developers deliver on promises, fostering trust in the real estate market.
Errant Developers
RERA's strong enforcement action, including transferring project responsibility, signifies punitive measures against developers who default on commitments.
Key facts
- Project Name
- Jaya Platinum
- Developer
- Jayathri Infrastructures
- Location
- Bowrampet, Dundigal Municipality, Medchal-Malkajgiri district, Hyderabad
- Number of Homebuyers Affected
- Around 60
- Original Completion Deadline
- December 2022
- RERA Act Section Invoked
- Section 8
- Pending Cases with TG RERA
- 2,340
- Cases Related to Construction Delays
- 493
Quotes
J. Ratnakar Yadav
Software professional and property analyst
“one of the finest decisions taken by TG RERA to protect the interests of genuine buyers.”
thehansindia.com
“deliver on promises made in brochures and agreements”
thehansindia.com
Sai Hundekari
Secretary of the residential welfare association at JD Lahari Homes near Patancheru
“is not allowing any kind of cheating by errant builders.”
thehansindia.com
“buyers today feel safer and more confident”
thehansindia.com
