1. The present Appeal has been filed against the Order dated 24.06.2022 passed by the State Consumer Disputes Redressal Commission, Karnataka (hereinafter referred to as State Commission), whereby the Complaint filed by the Complainants was dismissed with cost to ₹50,000/- to be paidin Consumer Welfare Fund of the State Commission.

2. Brief facts of the case are that Appellants/Complainants Sri M. Govinda Reddy and M. Yashodamma,are the absolute owners of the Property of bearing Sy. No. 101 of Kittaganur Village, BidarahalliHobli, Bangalore measuring 4 acres (hereinafter referred to as the land). Respondent No. 1, M/s. Venkat Estates Pvt. Ltd., approached them to develop multi-story residential apartments with all amenities in 2 acres out of the total 4 acres of Land. A Joint Development Agreement (hereinafter referred to as the Agreement) was executed between the Appellants and the Respondent No. 1 on 15.11.2013. As per