Tag: Karnataka Real Estate Regulatory Authority

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Karnataka RERA Orders Builder to Transfer Assets for Homebuyers

BENGALURU: The Karnataka Real Estate Regulatory Authority (K-RERA) has mandated a builder to transfer the khata of the land, BESCOM meters, water meters, corpus fund, the balance of the escrow account, and maintenance accounts to the authorized association of allottees within 90 days of its order. The order came following a petition from Yoganandan Jagannathan, a flat owner, against Smart Value Homes (Peenya Project) Private Limited and Tata Value Homes Ltd. K-RERA instructed the respondents to restore power supply to the complainant’s apartment and ensure completion of the promised amenities as per the agreements. Jagannathan claimed the promoter had assured…

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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…

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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…

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Bangalore body to pay ₹56L interest for Kempegowda delays

BENGALURU: The Karnataka Real Estate Regulatory Authority (K-Rera) has instructed the Bangalore Development Authority (BDA) to pay ₹56 lakh in interest to complainant Mridula Krishnapur for delays in providing basic amenities at the Nadaprabhu Kempegowda Layout (NPKL). This decision marks a significant setback for the BDA, whose NPKL project was previously flagged as lapsed by K-Rera last year. The authority also determined that BDA qualifies as a ‘promoter’ under the Rera Act, holding it accountable for any delays and inadequacies. Mridula had purchased a site in the 8th Block of Sector-B of NPKL in Kengeri hobli for ₹96.9 lakh under…

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Karnataka RERA Targets Unregistered Projects, Highlights Gaps

BENGALURU: The Karnataka Real Estate Regulatory Authority (K-Rera) has ramped up its efforts to monitor unregistered developments, aiming to pinpoint violations, confirm project status, and take action against non-compliant promoters to protect homebuyers. Notices have been sent to validate project status and registration, uncovering that some were eventually registered. Data from K-Rera indicates that 765 complaints about unregistered projects have been lodged in Karnataka since 2021. Of these, orders were issued in 440 cases, while 325 remain at various stages of hearing and processing. Officials noted that a significant portion of complaints pertains to projects that either do not physically…

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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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Builders fined ₹25,000 for late quarterly reports: Karnataka RERA

Here’s a rewritten version of the content: BENGALURU: In an effort to safeguard homebuyer rights, the Karnataka Real Estate Regulatory Authority (K-Rera) has decided to enforce a penalty of ₹25,000 per quarter on promoters who fail to submit quarterly progress reports (QPRs) for the financial year 2025-26, as required by the Real Estate (Regulation and Development) Act, 2016. In a circular released on Tuesday, K-Rera reminded promoters that they are obligated to upload quarterly updates of their registered real estate projects on the K-Rera website within 15 days of each quarter’s conclusion. The authority stated that it has the authority…

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Karnataka RERA Orders Builder to Submit Mysuru Project Compliance Plan

BENGALURU: The Karnataka Real Estate Regulatory Authority (K-RERA) has instructed a builder from Haryana to provide a comprehensive compliance report and action plan within 30 days. This plan must detail the completed and outstanding amenities and infrastructure for the Astrum Grandview – Phase I project, aligned with approved plans, agreements, and representations made to buyers, supported by relevant documentation. In an order issued on December 31, 2025, the Authority responded to complaints from 19 homebuyers, requiring the builder to submit a schedule outlining when all pending amenities, common facilities, and statutory obligations will be fulfilled. The order cautioned that non-compliance…

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Karnataka RERA to Mandate Exact Parking Slot Details in Sale Agreements

BENGALURU: In response to homeowner complaints about vague and changing parking allocations, the Karnataka Real Estate Regulatory Authority (K-Rera) is moving to make it compulsory for builders to clearly outline the number, dimensions, type, and exact locations of parking spaces in both allotment letters and sale agreements. “We are currently finalizing these measures,” K-Rera chairman Rakesh Singh informed TOI. The authority is in discussions with Credai, the leading organization for private real-estate developers, and has consulted with representatives from major real-estate firms in the region. “Clearly identifying parking spaces in residential complexes ensures that buyers are well-informed about what they…

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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…