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| My Life Through A Lens/Unsplash |
This is how it all started.
Back in 2018, a builder and a land owner got into a joint venture (JV) agreement in Tamil Nadu, where the landowner was promised 2 flats/apartments out of the 6 that were supposed to built on his land by the builder - fair enough.
As construction commenced and some time passed, the builder decided to construct 8 flats instead of the earlier 6, saying the 2 extra flats would be added once a new building approval was obtained.
The land owner objected to this addition in built up area and filed a case against the builder, probably wanting to increase his share of the profits coming from the sale of 2 extra flats.
Say Hello To TNRERA
Tamil Nadu's RERA panel has just announced that once an absolute power to develop a land has been given to a builder, no objection from the land owner will be entertained if additional construction is done, provided the builder has not stepped beyond his undivided share of land.
Moral Of The Story
⚠ Authorising a builder to develop your land at his 'own discretion' is equal to signing away all rights to object, if additional space is built, subject to FAR/FSI rules applicable.
Probably coming to other states soon, FYI.