“Kerala RERA Allows Flat Owners to Take Charge of Stalled Project”

Dated on: Monday 18th August 2025

Kerala Real Estate Regulatory Authority (K-RERA) has, for the first time, empowered an apartment owners’ association to take control of an incomplete housing project. The case involved MIR Cintra at Angamaly, where the builder failed to finish work despite collecting over Rs 15 crore. K-RERA allowed the association of around 50 buyers to act as the new promoter, complete the construction, and sign a fresh joint venture with landowners, cancelling the old one. This landmark order sets a precedent for stalled projects, giving homebuyers collective authority to revive developments when builders default.