Homebuyers Complete Stalled Hyderabad Housing Project After TG RERA Revokes Developer's Registration
Homebuyers of a stalled Hyderabad housing project have completed construction after the Telangana Real Estate Regulatory Authority (TG RERA) stepped in, revoked the developer's registration, and enabled the residents' association to take over the project under the RERA law.
Recording the completion of the “Jaya Platinum” project at Bowrampet, TG RERA held that revocation of registration “does not leave the allottees remediless.” It said regulatory intervention had become inevitable to protect the collective interests of homebuyers.
The order was passed by a bench comprising Chairperson Dr. N. Satyanarayana, IAS (Retd.), and members Laxmi Narayana Jannu and K. Srinivasa Rao.
Jaya Platinum is a residential gated community comprising 60 apartments. Construction at the site came to a complete standstill by June 2022. This was despite the developer, Jayathri Infrastructures India Pvt. Ltd., having sold 51 units.
Several aggrieved homebuyers, along with the JP Welfare Association formed to represent them, approached TG RERA complaining of repeated delays and the developer's failure to meet the completion timelines that were originally promised.
The developer, on its part, claimed that the project was almost complete. It sought to explain the delay by pointing to disputes with contractors and persistent financial constraints. TG RERA, however, noted that these claims were not backed by any real material. It recorded that no credible financial closure plan, no subsisting construction contract, and no concrete revival strategy had been placed on record.
Given the sharply conflicting versions, the Authority felt it necessary to independently verify the position on the ground. It accordingly directed the Engineering Staff College of India (ESCI) to carry out an inspection of the project.
The ESCI inspection report did not support the developer's claims. It confirmed that construction activity had remained non-operational since June 2022. The report found that only about 66 per cent of the project had been completed. It also flagged concerns relating to financial discipline, noting a clear mismatch between the expenditure claimed by the developer and the actual physical progress achieved at the site.
In this backdrop, the Authority observed that the matter was no longer confined to a mere issue of delays.
TG RERA also took note of more than 200 complaints pending against the developer across its various projects, pointing to systemic non-compliance with the Real Estate (Regulation and Development) Act, 2016.
Holding that the developer lacked the “financial capability, technical preparedness, and regulatory credibility” required to complete the project, TG RERA revoked the project's registration.
Completion rights were thereafter transferred to the JP Welfare Association through an interim order under Section 8 of the Act, with the approval of the Telangana government on December 2, 2024.
Thereafter, it was the Association that stepped in and completed the remaining construction, under the supervision of the regulatory authorities. With the work finally brought to a close, an Occupancy Certificate was issued on January 5, 2026.
TG RERA also passed directions against the developer, asking it to execute and register conveyance deeds in favour of the homebuyers for those units that had earlier been mortgaged.
This, the Authority noted, was necessary to clear lingering title issues and bring a sense of finality for the allottees. It clarified that completion under Section 8 does not absolve the promoter of its statutory obligations.
Appearances: Anil Kumar and Sirigidi Srinivas Rao (for the Association); K. Srinivas (For Jayathri Infrastructures India Pvt. Ltd)