No sale agreements in the state of Karnataka under the RERA format
The state of Karnataka is yet to come out with the “Agreement of sale” (Aos) specified in the act. The Aos is come as boon for the home buyers
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Recent RERA Developments in Karnataka
Building customer trust and making the sector more organized and disciplined was another objective of Real Estate Regulation Act. Bengaluru takes another initiative to meet such objective.
RERA Karnataka- Permanent Approval vs Provisional Approval
More than 400 projects were operational and many of them were on the verge of completion on the basis of provisional approval granted to the developers.
RERA has registered 1,331 projects in Karnataka
Karnataka is the second state to implement RERA Act for real estate. RERA Authority has successfully registered 1,331 projects out of 1,982 applications in the state.
RERA Complaints in Karnataka
Karnataka (Real Estate Regulatory Authority) is the authority made for homebuyers so that they can get relief and developers cannot exploit them.
Karnataka real estate industry concerned at RERA penal provision for delays
MANGALURU, NOVEMBER 10: Real estate sector has expressed concern over the penal provisions in the Karnataka Real Estate Regulatory Authority (RERA) Act in case of project delays, even for reasons beyond builders’ control. Addressing a workshop organised by Karnataka Real Estate Regulatory Authority, DB Mehta, president of the Mangaluru chapter of Credai (Confederation of Real … Continue reading “Karnataka real estate industry concerned at RERA penal provision for delays”
Penalty for Karnataka Builders Failing RERA Registration
RERA Karnataka- The builders who failed to register themselves with RERA Authority are barricaded from advertising, marketing, booking, selling or offering to sell any plot, apartment or building.
Online RERA Registration in Karnataka may take its First Step Today
Since there has been a delay in RERA Filing, the developers are hoping that Center may extend the deadline as it may invite a whale of fine.
RERA Decision Still Pending, Postpone by the Karnataka Cabinet
Whether deliberately or not the Karnataka Government is still failing to come to any conclusion regarding the implementation of RERA rules. Although the cabinet chief secretary Subhash Chandra Khuntia quoted “We will definitely take a final call at the next meeting”. According to law minister TB Jayachandra the reason for deferment is that the chief … Continue reading “RERA Decision Still Pending, Postpone by the Karnataka Cabinet”
How to take maximum benefit from RERA as a Homebuyer and as a builder?
RERA was established to do away with project delays, malpractice, and irregularities in norms and increase transparency and accountability from builders and homebuyers both.
Karnataka High Court orders for interim stay on the recovery of EMI from Homebuyers
The Karnataka High Court on 16.11.2021, allowed a deferment of all loan repayments, and directed the bank not to recovery the home loan and refrain from take any coercive action.
Ministry of Housing and Urban Affairs: Uttar Pradesh, Maharashtra and Haryana accounts for 75% of the total disposed cases under RERA
The Ministry of Housing and Urban Affairs published a progress report of RERA cases on May, 1 2021 which accounts to 75% of the total disposed cases in the region of Uttar Pradesh, Maharashtra and Haryana.
How to Execute UP-RERA Order
RERA has a swift dispute resolution system which shows aggrieved a ray of hope in getting justice on time. What’s next once you get the RERA order in your favour?
UP-RERA to grant relaxation to developers only after being functional
RERA Authorities being regulators are trying to help the Developers in one form or the other. Maharashtra & Karnataka-RERA have already given a three-month extension to registered projects.
Consumer Court or MahaRERA: Whose door should the stuck Home buyers knock?
Consumer Court or MahaRERA: Homebuyers have the option of withdrawing the pending consumer complaint and file before appropriate RERA authorities.
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