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...
BENGALURU: Karnataka Real Estate Authority (K-Rera) has initiated scrutiny of numerous residential complexes for failing to meet their completion timelines and neglecting to submit periodic progress reports. A significant number of real estate projects failed to meet their deadlines, with over 2,600 officially...
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: A Cooke Town couple, who had entered into an agreement of sale to buy a flat, were stranded after the apartment work never took off as the National Green Tribunal (NGT) revoked its environmental clearance. Though they were refunded Rs 51.4 lakh advance they had paid, they were denied interest. The...