India, Nov. 21 -- In a relief to homebuyers of a stalled real estate project in Belagavi, the Karnataka RERA has allowed the housing association of Abhinandan Residency to take over and complete the delayed project. The project is 40% completed, but has remained stalled for over a year.

The Abhinandan Residency project, located in Belagavi, has been stalled since the developer passed away in 2022, leaving homebuyers to pay EMIs without possession and with no clarity on completion.

The Authority has directed the Abhinandan Residency Welfare Association to assume charge of the incomplete project and finish the remaining work under its supervision.

"The Authority authorises the Complainant Association (Abhinandan Residency Welfare Associa...