BENGALURU: The Karnataka Real Estate Regulatory Authority (K-RERA) has directed a builder to transfer the land’s khata, BESCOM meters, water meters, corpus fund, balance of escrow account, and render accounts regarding maintenance to authorised association of allottees formed under the laws...
BENGALURU: A proposed cell to streamline recovery of dues in cases adjudicated by the state’s Real Estate Regulatory Authority (Rera) has been dropped, disappointing homebuyers. Instead, the govt has appointed a special deputy commissioner for Bengaluru Urban district to handle recovery of pending...
BENGALURU: The Karnataka Real Estate Regulatory Authority (K-RERA) has stated that landowners and promoters share equal responsibility, and both shall be deemed promoters and jointly liable for the functions and responsibilities specified under Section 2(zk) of the RERA Act, 2016.In a judgment...
BENGALURU: Bangalore Development Authority (BDA) faces the prospect of being hit with more compensation claims after a few Nadaprabhu Kempegowda Layout (NPKL) allottees successfully fought their case before the Real Estate Regulatory Authority (Rera) and got favourable orders.As of April, site owners...
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: The Nadaprabhu Kempegowda Layout (NKPL) project once again came under the Karnataka Rera radar as multiple allottees have approached the authority against BDA, seeking relief for delays in the handover of units. However, the authority disposed of the complaints for lacking proper...
BENGALURU: In a healthy pointer to a strong real-estate project pipeline and also to homebuyer engagement with the grievance-redressal system, Karnataka figures among India's active real estate regulatory markets - both in terms of complaints filed and disposal.A growing number of projects comes with...
BENGALURU: The Karnataka Real Estate Regulatory Authority (K-Rera) intensified its scrutiny of unregistered developments, focusing on identifying violations, verifying project status, and initiating action against errant promoters to safeguard homebuyers. Notices were issued to verify project status...
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: In a move to protect homebuyer rights, the Karnataka Real Estate Regulatory Authority (K-Rera) decided to impose a penalty of Rs 25,000 per quarter on promoters who delayed or failed to submit quarterly progress reports (QPRs) for the financial year 2025-26, as mandated under the Real...