Tag: Rakesh Singh

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Karnataka RERA Chair: Reject Subpar Services, Citizens!

BENGALURU: Rakesh Singh, chairman of the Karnataka Real Estate Regulatory Authority (K-RERA), has warned citizens not to allow promoters to deceive them when purchasing real estate. He emphasized that they should not tolerate subpar services and can reach out to his organization for assistance in case of issues. Singh highlighted the significance of the Real Estate (Regulation and Development) Act, 2016, stating that it marked a pivotal change in India’s property landscape by providing buyers with a legal framework to safeguard their interests. He made these remarks at the RWA Excellence Seminar organized by Nemmadi.in in Bengaluru on Saturday, which…

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Karnataka RERA Launches One-Stop Clearance for Real Estate

MYSURU: Rakesh Singh, chairman of the Karnataka Real Estate Regulatory Authority (K-RERA), announced on Saturday that the authority is considering implementing a single-window clearance system. This initiative aims to streamline the coordination and follow-up on permissions necessary from various government agencies for real estate projects. Singh explained that once developers or promoters register with K-RERA and comply fully, the authority will take on the responsibility of liaising with the relevant departments to ensure timely approvals. He added that if an agency does not clear a proposal within the designated time frame, the approval should be considered as deemed granted. He…

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Karnataka RERA to Check Projects Under New Closure Policy

BENGALURU: The Karnataka Real Estate Regulatory Authority (Rera) is set to implement a project closure policy, making it the second state in India to do so, following Odisha. The purpose of this policy is to enhance transparency and accountability in builders’ submissions while safeguarding homebuyers. It mandates that projects can only be closed after all statutory and service-related compliance is verified. Until now, the authority has only recorded self-declared project completions from promoters without any verification, even since its establishment in 2016. K-Rera chairman Rakesh Singh informed TOI that the new policy aims to ensure clear communication and accountability from…