TNREAT upheld a TNRERA direction requiring Arun Excello Constructions to refund money collected for stilt parking in a residential project. Buyers and lenders reviewing an apartment file should treat stilt parking as part of common areas where the applicable RERA position bars separate sale or allotment for consideration.
We have not written our own note on this one yet. The source report and, where we found it, the primary document are linked below.