BENGALURU: The Karnataka Real Estate Regulatory Authority (Rera) is preparing to introduce a project closure policy, becoming only the second state after Odisha to do so.The policy aims to bring transparency and accountability to builders' submissions and protect homebuyers by ensuring projects are...
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) has directed SL Plotted Development Projects Private Limited (SLPDPPL) to complete all promised amenities and provide basic infrastructure to the project as per the original layout plan and sale deed commitments within six months from...
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...
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...
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...
representative imageThe Karnataka Real Estate Regulatory Authority (K-RERA) has clarified that residential projects which applied for Occupancy Certificate (OC) before the Karnataka Real Estate (Regulation and Development) Act, 2017 came into force, are not required to register under RERA. The ruling ends a...
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...
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,...