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Bangalore Development Body Promotes: Karnataka REAT

BENGALURU: The BDA must adhere to all regulations outlined in the Real Estate (Regulation and Development) Act, including project registration, as it is classified as a promoter when developing layouts and selling plots. This observation was made by the Karnataka Real Estate Appellate Tribunal in its March 3 ruling, which upheld K-Rera’s directive regarding the Nadaprabhu Kempegowda Layout (NPKL). However, BDA officials have indicated to TOI that they plan to challenge the tribunal’s decision in the high court. The case originated from a K-Rera order dated November 7, 2025, following complaints by allottees of the NPKL project. K-Rera addressed these…

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Bengaluru Flat Buyers Win Interest Payout After Decade-long Wait

BENGALURU: In a significant win for homebuyers, the Karnataka Real Estate Appellate Tribunal (KREAT) has mandated a local builder to pay interest on a refunded amount of ₹34.4 lakh to a family that waited nine years for possession of a flat, which was never delivered along with a registered sale deed. Although the Karnataka Real Estate Regulatory Authority (RERA) ordered a refund in 2023, it did not include interest. However, the tribunal, on July 25, 2025, acknowledged the complainants’ entitlement to interest under RERA. The issue began in September 2013 when K. Kiran Sarat and Subhagya S. Kumar, residents of…