Hyderabad: Frustrated over years of delay in the delivery of their homes, hundreds of homebuyers of an under-construction gated community project in Bachupally staged a protest on Saturday, demanding that the developer expedite construction and honour its commitments to buyers.According to buyers, they booked flats in 2020-21, which were originally scheduled for completion by 2024-2025. However, even after the promised deadline, the project remains incomplete, leaving thousands of buyers uncertain about when they will be able to move into their homes.Buyers alleged that the prolonged delay has pushed them into severe financial distress, as many are simultaneously paying EMIs on their home loans and monthly rent for their current accommodation. Several families who had planned their finances around the promised possession timeline said the delay has disrupted their savings and long-term plans.“Not just one project, the developer is delaying the other two in Miyapur and Kondapur. The developer has failed to honour the compensation clause included in their sale agreements. According to the agreement, the developer was required to pay ₹25 per sq ft per month if possession was delayed beyond the stipulated deadline,” said Sai Ravi Shankar, president, Federation of Gated Communities Cyberabad.The protesting buyers demanded a clear construction timeline, reasons behind the delay, and payment of the compensation promised under the agreements.
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