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…