BENGALURU: The Karnataka Real Estate Regulatory Authority (K-RERA) has mandated a builder to transfer the khata of the land, BESCOM meters, water meters, corpus fund, the balance of the escrow account, and maintenance accounts to the authorized association of allottees within 90 days of its order.
The order came following a petition from Yoganandan Jagannathan, a flat owner, against Smart Value Homes (Peenya Project) Private Limited and Tata Value Homes Ltd. K-RERA instructed the respondents to restore power supply to the complainant’s apartment and ensure completion of the promised amenities as per the agreements.
Jagannathan claimed the promoter had assured the provision of Cauvery water to all units in the complex. However, no supply has been provided even after more than six years since the purchase. Furthermore, essential infrastructure for Cauvery water, such as separate pipelines and overhead tanks, has not been established, despite collecting deposits for this purpose. The complaint seeks the refund of ₹14,895 collected for the Cauvery water connection along with 18% interest from October 18, 2017.
The respondents responded to K-RERA stating that the residents’ association for the project is registered under both the Karnataka Apartment Ownership Act, 1972, and the Karnataka Societies Registration Act, 1960. They pointed out that the association is responsible for managing the project’s maintenance and facilities and that the matter of generator service disconnection lies between the association and the complainant, not with them.
Karnataka Home Buyers Forum Convenor Dhananjaya Padmanabhachar praised the K-RERA order as a significant step in protecting home buyers’ rights in Karnataka.
