BENGALURU: In a further boost to homebuyer rights and also to encourage compliance with its rules, Karnataka Real Estate Regulatory Authority (K-RERA) has cracked the whip on 155 promoters in the state who have not filed their mandatory quarterly reports yet. The RERA crackdown is seen as a tough...
BENGALURU: Despite the efforts of law enforcement authorities and the Karnataka Real Estate Regulatory Authority (K-RERA), the menace of double sale continues to haunt gullible and hapless homebuyers. Many affected buyers have been running from pillar to post seeking justice. Some of them have pinned...
BENGALURU: In a move to recover over ₹750 crore in outstanding dues from builders, the police department has agreed to serve notices issued by the Karnataka Real Estate Regulatory Authority (K-RERA) to developers found violating regulations. Homebuyers have long been urging K-RERA, the Revenue...
BENGALURU: The Karnataka Real Estate Regulatory Authority (K-RERA), in a landmark judgment, restrained Sanchaya Land and Estate Private Limited from creating any sale by way of agreement or executing any sale deed of any apartment or creating third party interest until completion of the project and by obtaining...
KOCHI: In a landmark decision, Kerala Real Estate Regulatory Authority (K-RERA) has issued an order allowing a flat allottees association to take over an under-construction apartment complex from the promoter. K-RERA granted takeover of the nine-storey apartment complex in Angamaly by exercising its special powers under...
In a significant order likely to have far-reaching implications for joint development residential projects, the Karnataka Real Estate Regulatory Authority (K-RERA) has ruled that both builders and landowners are jointly responsible for providing essential civic amenities such as water and sewerage connections to...
BENGALURU: Despite its mission to protect home buyers through transparency, accountability, and efficiency in property transactions, the Karnataka Real Estate Regulatory Authority (K-RERA) has come under scrutiny. While many home buyers have expressed dissatisfaction with K-RERA’s approach, raising concerns about its...
Even years after the enactment of the Real Estate Regulation and Development Act (RERA), major builders in Karnataka are ignoring recovery orders issued by the Karnataka Real Estate Regulatory Authority (K-RERA). As a result, aggrieved homebuyers, despite having orders in their favour, are left chasing justice through...
The Karnataka Real Estate Regulatory Authority (K-RERA), established to protect homebuyers and regulate the real estate sector, is now being criticised for its lack of enforcement, raising concerns about whether it has become a “toothless tiger.”K-RERA data reveals that of the 1,660 recovery orders issued...
BENGALURU: The Karnataka Real Estate Regulatory Authority (K-Rera), set up to safeguard homebuyer interests, has failed to recover Rs 666 crore — or 88% — of the Rs 758 crore it had ordered builders to pay their customers under the head of refund for incomplete/delayed projects, among other things.As on Dec 31,...