Karnataka RERA nets ₹1.5 crore from builders for violations
BENGALURU: The Karnataka Real Estate Regulatory Authority (K-Rera) has collected ₹1.5 crore in penalties from builders for failing to timely submit their mandatory quarterly progress and annual audit reports between April 1 and July 9, 2026. This initiative aims to enforce compliance and enhance transparency for homebuyers. This recovery follows a circular issued by K-Rera on July 2, emphasizing its compliance measures and stating that recovery actions against non-compliant promoters would commence on July 16. The circular builds on previous warnings dated January 20, February 7, February 20, and June 19, which outlined penalties for late quarterly filings. Officials indicated…
