Latest StoriesRera

Karnataka-RERA: Builders and Landowners Share Delay Responsibility

BENGALURU: The Karnataka Real Estate Regulatory Authority (K-RERA) has clarified that both landowners and promoters bear equal responsibility, classifying them as promoters under Section 2(zk) of the RERA Act, 2016. In a case related to a complaint filed by BS Susheela Ramamurthy, a landowner from Dodda Kallasandra village in Bengaluru South taluk, K-RERA concluded that the complainant could not seek relief from the promoter. “We believe that further discussion is unnecessary since the complaint is not maintainable. Therefore, this complaint should be dismissed,” the RERA order states. According to Section 2(zk) of the RERA Act, 2016, a promoter is defined…

Latest StoriesResidential

Housing Sales Fall 7% in Q1 2026 Amid Global Uncertainty

NEW DELHI: Housing sales in India’s top seven cities saw a sequential decline of 7% in the January-March quarter of 2026, influenced by global uncertainties. Nonetheless, demand remained robust year-on-year, according to Anarock Research. A total of 1,01,675 units valued at ₹1.51 lakh crore were sold in Q1 2026, compared to 1,08,970 units worth ₹1.60 lakh crore in the previous quarter. Year-on-year, sales increased by 9% from approximately 93,280 units sold in Q1 2025, while in value, sales dropped 5% quarter-on-quarter but climbed 6% year-on-year. Geopolitical tensions and rising input costs contributed to reduced buyer sentiment during this period, resulting…