BENGALURU: Karnataka Real Estate Regulatory Authority (K-Rera) has directed Bangalore Development Authority (BDA) to pay Rs 56 lakh as interest to a complainant, Mridula Krishnapur, for delay in providing basic amenities at Nadaprabhu Kempegowda Layout (NPKL).This comes as another major blow to BDA,...
BENGALURU: BDA is required to follow all the rules and regulations under the Real Estate (Regulation and Development) Act, including registration of projects, as it falls within the definition of a promoter when it develops layouts and sells plots.Karnataka Real Estate Appellate Tribunal made the...
BENGALURU: In a major relief to thousands of homebuyers who have waited nearly a decade for possession of plots, Karnataka Real Estate Regulatory Authority (K-Rera) has ruled that Bangalore Development Authority (BDA) must be treated as a "promoter" under the Real Estate (Regulation and Development)...
BENGLAURU: Months after Rera marked Nadaprabhu Kempegowda Layout (NKPL) project as "lapsed" due to prolonged delays and failure to meet commitments to allottees, Bangalore Development Authority (BDA) on Monday submitted that it is not a "promoter" and, hence, falls outside Rera's purview.In its written submissions, BDA...
File PhotoBENGALURU: Site allottees of Nadaprabhu Kempegowda Layout want Karnataka Real Estate Regulatory Authority (K-RERA) to ensure the Bangalore Development Authority (BDA) completes pending developmental works as early as possible. They expressed concern over the failure of BDA to meet the deadline for...