Bengaluru Housing Crisis Hits Breaking Point
BENGALURU: The Karnataka Real Estate Regulatory Authority (K-RERA) has instructed the Bengaluru Development Authority (BDA) to facilitate the establishment of an Association of Allottees for the Gunjuru Housing Project Phases 1 and 2. This involves transferring common areas and essential title documents to the Association, as per legal requirements. During proceedings concerning a petition by Narayan Shetty, an allottee, K-RERA emphasized that Phases 1 and 2 of the project are subject to regulation under Section 3 of the Act. The order mandates that the promoter/developer register the project within two weeks and submit an application for an occupancy certificate within…