Dear Sirs
Owner of Land Mr S went into JDA with Builder M/s X and got approved sanction plan from BBMP for construction of apartments, to be built by builder M/s X. The sanction plan was granted on 2015 for construction of BF+GF+FF+SF+TF+Terrace and valid till 2017 in the name of the Land Owner Mr S. Builder M/s X failed to complete construction (managed to build only 1st floor), went bankrupt and cancelled JDA in 2019. Then in 2021, Owner entered into New JDA with Builder M/s Y Pvt Ltd who completed construction. The construction was completed in according to the earlier sanction plan of 2015. The owner did not take a new sanction plan as the earlier one already expired in 2017.The flats were sold by both owner and builder according to their agreed shares.
Is the owner required to take a new sanction plan, even if he is not doing any alteration to the design, floor plan etc. Can a new buyer purchase a flat in the apartment. What is the risk position of the new buyer and other people who have bought flat in that apartment? Can the BBMP or High court demolish such an apartment? Is the apartment building legally valid? What solutions can be provided here ? /kindly advise.
