The petitioner is a private limited company, undertaking the activity of construction and development. It entered into a development agreement with M/s. Sangam Dattaiah Goud and 16 others including respondents 4 to 8 herein on 27.06.2005 for construction of a building complex in Ac.5.07 guntas of land in Survey Nos.136, 137 and 156 of Khajaguda Village, Serilingampally Mandal; with a facility to have a common approach road of 33’ x 230’. It was also appointed as G.P.A. by the executants. The agreement was registered with the office of the District Registrar, Ranga Reddy at Moosapet. In terms of the agreement, the petitioner is said to have paid a sum of Rs.25,00,000/-. Being refundable security deposit, to respondents 4 to 8, towards their undivided one-fifth share Respondents 4 to 8 are also said to have agreed to sell 50% of their undivided share to the petitioner. After obtaining the construction permission/approval from the Greater Hyderabad Municipal Corporation and the Hyderabad Metropolitan Development Authority, the petitioner is said to have developed the property. Some of the portions of the property so developed are also said to have been sold in terms of the