Tag: K-RERA

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Karnataka RERA Warns Builders About Project Updates

BENGALURU: In a significant move to protect homebuyer rights and promote compliance, the Karnataka Real Estate Regulatory Authority (K-RERA) has taken action against 155 promoters in the state for failing to submit their required quarterly reports. This crackdown serves as a stern warning to builders who do not provide timely updates on their projects. Promoters who do not comply may face penalties of up to 5% of the total estimated project cost along with Rs 25,000 for each quarter missed. However, the 155 builders have not yet been officially labeled as defaulters. A K-RERA officer stated, “If they do not…

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Karnataka RERA Orders Builder to Refund with Interest

BENGALURU: Despite the actions taken by law enforcement and the Karnataka Real Estate Regulatory Authority (K-RERA), the issue of double sales continues to affect unsuspecting homebuyers. Many of these buyers are desperately seeking justice, with some hoping for relief from K-RERA, which has started issuing judgments that address prolonged complaints. In a ruling on December 22, 2025, the K-RERA addressed a complaint from Sudhir, a victim, ordering the respondents — Sri Vanishelters, LS Srinidhi, B Kenchappa Gowda, and G Vidyavathi — to reimburse Rs 32,94,816 with interest. The interest rate is based on the SBI’s marginal cost of funds-based lending…

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Cops Team Up with Karnataka-RERA Against Defaulting Builders

BENGALURU: In a significant step towards recovering over ₹750 crore in overdue payments from builders, the police department has agreed to deliver notices issued by the Karnataka Real Estate Regulatory Authority (K-RERA) to non-compliant developers. Homebuyers have repeatedly called upon K-RERA, the Revenue Department, and the state government to take firmer measures against builders accused of violating regulations, including delays in flat handovers. Documents obtained by Bangalore Mirror indicate that a recent meeting focused on establishing collaboration between K-RERA and the police for issuing these notices. Chaired by the Chief Secretary, the discussion explored the possibility of sending notifications through…

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Karnataka RERA Halts Sanchaya Land Sales, Freezes Accounts

BENGALURU: The Karnataka Real Estate Regulatory Authority (K-RERA) has issued a significant ruling, prohibiting Sanchaya Land and Estate Private Limited from entering into any sales agreements or executing sale deeds for apartments, as well as creating third-party interests until the project is completed and an occupancy certificate is obtained from the relevant planning authority. This decision follows complaints from approximately 100 home buyers against the developer, who failed to deliver flats booked in March 2013, which were promised by December 2014. The developer was tasked with constructing 650 flats in a group housing project called The Green, located in Kapur…

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Kerala RERA Lets Flat Owners Take Over Under-Construction Units

KOCHI: In a groundbreaking ruling, the Kerala Real Estate Regulatory Authority (K-RERA) has permitted a flat allottees association to assume control of an under-construction apartment complex from its developer. K-RERA exercised its special authority under the Real Estate Regulation and Development Act, 2016, to facilitate the takeover of the nine-storey apartment complex located in Angamaly. The registered association, MIR CINTRA, approached K-RERA after the promoter, MIR Builders and Developers Pvt Ltd, failed to deliver the flats to the allottees. The association highlighted that despite collecting ₹15.06 crore from them, the developer had not even completed the structural work of the…

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Karnataka RERA: Builders, Landowners Share Civic Liability

In a notable ruling with significant implications for joint development residential projects, the Karnataka Real Estate Regulatory Authority (K-RERA) has determined that builders and landowners share joint responsibility for providing essential civic amenities, including water and sewage connections, to homebuyers. The decision, made on July 30 by a K-RERA panel led by Chairman Rakesh Singh and Member J R Reddy, arose from a complaint filed by 30 residents, including L. Arun, against Adi Developers. The case pertained to the Adi North Lake project in Agrahara village, Bengaluru North taluk, developed under a joint development agreement (JDA) between Adi Developers and…

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Complaint Filed Against Karnataka-RERA Over Delayed Resolution

BENGALURU: The Karnataka Real Estate Regulatory Authority (K-RERA), mandated to ensure transparency and accountability in property transactions to safeguard home buyers, is facing criticism. Several purchasers are voicing their dissatisfaction with the authority’s operations, leading one distressed buyer to file a complaint with the Karnataka State Human Rights Commission (KSHRC). Dhananjaya Padmanabhachar, a resident of Sobha Arena Apartment in Thalaghattapura, lodged the complaint due to K-RERA’s alleged procrastination in issuing an order related to his case concerning deficiencies in the Sobha Arena Project. In his grievance, Padmanabhachar mentioned being a buyer of a unit in the Sobha Arena Apartments. “I…

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Karnataka: 10 Builders Owe ₹347 Crore in Penalties

Even years after the implementation of the Real Estate Regulation and Development Act (RERA), many major builders in Karnataka are disregarding recovery orders from the Karnataka Real Estate Regulatory Authority (K-RERA). Consequently, homebuyers with favorable rulings find themselves struggling for justice through courts and bureaucratic channels. When RERA was launched, there was hope that victims of real estate fraud would quickly receive justice. Unfortunately, that hope has largely gone unfulfilled. A striking example is the fact that ten major builders owe a collective ₹347 crore in penalties, yet have not made any payments. Recent information acquired through an RTI query…