Karnataka Rera News Today

While the developer was ready to refund the initial amount paid by the homebuyer, the authority ordered the developer to sign the sale deed and handover the plot.

In this case the developers subsidiary sold an apartment to the buyer worth Rs 1.2 crore claiming that the highrise would have 27 floors with RERA approval. However, the project had only 20 floors.

The Karnataka Real Estate Regulatory Authority (KRERA) bench, comprising of Justice Neelmani N Raju (Member), has directed the builder to fully refund the booking price of Rs. 1 Lakh paid by the...

Builders cannot

Karnataka RERA said that companies that are not commercially sustainable should not be held in resolution for extended periods.

The order has brought to light several ambiguities in the citys real estate sector and the state government needs to make it clear who is in charge of awarding OC in places that are not governed by any development authority

Homebuyers in projects delayed by up to four years in Bengaluru are waiting for their money to be recovered by the state under the orders of the Karnataka RERA. Experts say they have identified the critical problem and are advising the government on faster recoveries.

State authorities collaborate on a comprehensive act to modernise apartment governance, streamline regulations, and enhance maintenance

Homebuyers say the budget for regulatory bodies like the Real Estate Regulatory Authority (RERA) and also a major tax exemption is needed to provide relief for first-time homebuyers.

Despite hefty down payments and sanctioned loans, delays plague Aryan Golden Arena, leaving hundreds of frustrated home buyers in limbo