A long-running commercial property dispute at Saket, South Delhi, has reached a significant procedural milestone. The Delhi Real Estate Regulatory Authority (RERA) has directed NBCC Ltd. not to take any coercive action against Rajeshwari Realty Pvt. Ltd. over electricity or maintenance dues while an appeal in the matter remains pending before the Real Estate Appellate Tribunal (REAT).
The interim order was passed by a bench led by Chairperson Anand Kumar and Member Devesh Singh. This case reflects a broader pattern of regulatory friction between government-owned PSUs and private commercial allottees and has implications for how RERA jurisdiction is interpreted when PSU-developed projects remain legally incomplete.
How the Dispute Unfolded – A Timeline
2007:- NBCC auctioned commercial space in the Saket Plaza Complex project. Rajeshwari Realty purchased 78,350 sq. ft. of built-up area along with 118 parking slots for over ₹158 crore.
2008:- Possession was handed over, but no final completion certificate or conveyance deed was executed.
2011:- MCD issued a partial occupancy certificate. RERA later noted NBCC’s own internal correspondence and its Red Herring Prospectus, where it described the certificate as partial.
October 2025:- Delhi RERA ordered NBCC to register the Saket Plaza Complex project under RERA within 90 days and form an Association of Allottees. NBCC challenged this at REAT.
January 2026:- NBCC issued a demand letter dated January 30, 2026, seeking payment of electricity dues from Rajeshwari Realty.
February 2026:- Rajeshwari Realty approached RERA for interim protection. Delhi RERA directed NBCC not to initiate coercive recovery steps until the next hearing. The matter is listed before Delhi RERA on March 18, 2026, and the REAT appeal is scheduled for March 9, 2026.
Saket Micro Market
Saket is one of Delhi’s most established commercial and mixed-use corridors, housing premium malls, corporate offices, and high-footfall retail zones in South Delhi. Commercial property in this belt commands significant lease premiums, making legal clarity over title, completion status, and maintenance obligations critically important for asset valuation and resale. The fact that no lease deed for the project land has been executed even after 22 years of allotment raises questions over the legal chain of title, an issue that directly affects any buyer or lessee operating within the project.
For commercial property investors, this case is a reminder that a PSU developer does not automatically guarantee clean title or regulatory compliance. Before purchasing secondary market units in any large commercial complex including PSU-developed ones, buyers should verify the completion certificate status, confirm RERA registration, and check whether conveyance deeds have been executed.
For existing allottees in projects with similar dispute patterns, RERA’s interim protection framework provides a legal mechanism to pause coercive recovery action while appellate proceedings continue a procedural right worth knowing.
