Tag: Karnataka Real Estate Regulatory Authority

Latest StoriesRera

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…

Latest StoriesRera

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…

Latest StoriesRera

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…

IndustryLatest Stories

Karnataka’s New Cell to Recover Builder Dues

BENGALURU: Homebuyers in Bengaluru and other parts of Karnataka can finally see some hope as the government is taking action against non-compliant builders. A dedicated ‘Recovery Cell’ is nearing establishment to ensure that real estate developers who fail to adhere to Karnataka Real Estate Regulatory Authority (K-Rera) orders regarding buyer compensation are held accountable. This step comes after prolonged frustrations faced by homebuyers who didn’t receive property ownership or compensation, despite clear orders from K-Rera. Rera chairman Rakesh Singh informed TOI that most groundwork has been done, and a final decision regarding whether the cell will operate under Rera or…

Latest StoriesResidential

Karnataka Homebuyers Urge Action on Property Delays

BENGALURU: The Karnataka Home Buyers Forum has presented a memorandum to Chief Secretary Shalini Rajneesh, urging the state government to address long-standing issues that impact countless homeowners, particularly concerning ownership rights and regulatory gaps. “We want to highlight that homebuyers in Karnataka face significant challenges in asserting their ownership rights,” reads the memorandum. The forum detailed key obstacles and proposed solutions for the Chief Secretary’s consideration, advocating for the interests of millions affected. One major issue raised is the Bruhat Bengaluru Mahanagara Palike’s (BBMP) failure to update khata mutation records for apartment owners. Despite having registered their flats, many owners…