Hyderabad: Flat buyers of Vasavi Urban in Bachupally staged a protest demanding immediate possession of their homes, citing prolonged construction delays and non-payment of compensation despite a Telangana Real Estate Regulatory Authority (TG RERA) order.
The buyers said they had been promised possession by December 2024, but construction remained incomplete and the management had not provided a firm handover date.
Speaking to The Pioneer, a flat owner said the builder had collected nearly 90 per cent of the flat cost but was yet to complete the construction and finishing works. He said he had booked the flat in August 2023 and signed an agreement in December 2023. The builder had assured him that the remaining finishing work would be completed within a month, but it remained pending. He added that he was paying pre-EMIs on his housing loan despite not receiving possession.
Meanwhile, some flat buyers approached TG RERA on November 12, seeking statutory interest for the delay in handing over their flats.
According to their complai, the contractual possession deadline, including the six-month grace period, expired on June 26, 2025. They sought interest on the Rs 40.40 lakh paid towards the flat for every month from June 27, 2025, until actual possession. They also sought directions to the builder to complete the pending works and hand over the flat with all promised amenities.
The protesters said the management had not responded to their concerns. They claimed that marketing representatives had distanced themselves from the issue, while company officials had asked them to approach the individuals who had collected their payments. They also said TG RERA had earlier imposed penalties and restrictions on the company, but these had not resulted in significant progress on the project.
One of the buyers said the situation had caused financial and personal difficulties, with families forced to pay rent and housing loan EMIs simultaneously. The buyer urged the government to intervene and ensure the handover of the flats.
Another buyer, said he had purchased a flat in 2021, said the management had revised its handover commitments eight times since December 2024. He added that the company had subsequently cited issues relating to facilities such as wardrobes and grills.
The buyers said they had staged several protests but had received only assurances from the management. They warned that they would intensify their agitation, including by launching an indefinite hunger strike, if the government failed to intervene.
The protesters said the project comprised around 3,700 flats, with buyers and their families affected by the delay.