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,...
Representative image BENGALURU: A petition against a service provider before Karnataka Real Estate Regulatory Authority (K-Rera) is not maintainable, the high court observed recently.It made this observation while allowing a petition filed by M/s Columbia Pacific Communities Pvt Ltd. Bengaluru. The petitioner,...
Representative image BENGALURU: It's a double whammy for Sudhakar Lakshmanaraja, 37, having to pay both rent and interest on loans for the past six years for a flat he had purchased in 2018 -- thanks to the delayed project.While Lakshmanaraja and the other apartment buyers at the project in Thanisandra were...
Representative ImageThe State Government has issued a notification inviting applications for the post of Chairperson of the Karnataka Real Estate Regulatory Authority (K-RERA). HC Kishore Chandra, a retired Director General of Police who served as the K-RERA chairperson, retired at the age of 65 last month. He had...