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Indian court rules homebuyers can manage unfinished housing projects once their association is registered.
India's National Company Law Appellate Tribunal ruled that once an Apartment Owners Association is registered, the management of common areas in unfinished housing projects must be handed over to the association by the developer.
This decision empowers homebuyers to take control of residential societies even before project completion.
The ruling came after a plea by Supernova Housing Project homebuyers in Noida, directed at Supertech Ltd.
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Los tribunales indios dictan que los compradores de viviendas pueden gestionar proyectos de vivienda sin terminar una vez que su asociación esté registrada.