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)...
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...
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...
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...
BENGALURU: In a major relief to homebuyers, Karnataka Real Estate Appellate Tribunal (KREAT) has ordered a city-based builder to pay interest on the Rs 34.4 lakh refunded to a family that waited nine years for possession of a flat that never came with a registered sale deed.Though Karnataka Real Estate Regulatory...
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...