JUDGMENT

P.VELMURUGAN,J.

This Civil Miscellaneous Appeal is filed against the order passed by the Real Estate Appellate Tribunal (TNREAT) for Tamil Nadu, Puducherry, Andaman and Nicobar Islands dated 11.01.2019 in Appeal No.5 of 2018.

2. The appellant is in the field of development and construction of housing and commercial properties. The appellant wanted to develop a Housing project for the benefit of senior citizens. Accordingly, the appellant identified land in Kancheepuram District. The appellant entered into an agreement of sale with the owner of the land for a total extent of 13.20 acres and a Memorandum of Understanding dated 21.03.2013 with M/s.Serene Senior Living Private Limited to develop an integrated residential project for senior citizens termed as 'Serene Kshetra'. The project consisted of 175 units - 99 Row houses, 15 Villas, 40 Twin Houses and 21 Studio Villas.

3. The owner of the land was requested by the appellant to obtain necessary approval and accordingly DTCP approval was also obtained. Subsequently, the Local Planning Authority also gave planning permission for the building on 09.06.2014 and as per the approval, required Gift Deeds were executed gifting land t