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HOMEBUYER KARNATAKA
SC asks NCLAT to take decision on 14 housing projects of debt-ridden SupertechThe Supreme Court has directed the NCLAT to quickly decide on merging Supertech's remaining 14 housing projects. This move aims to ensure p...
Builder skipped mandatory RERA insurance? Why homebuyers face big risks and what to do nowBuilders are legally required to secure insurance for housing projects under RERA Section 16. This insurance covers land title and construc...
Flat ready but keys not handed over: Karnataka RERA rules landowner are promoters too, orders Rs 6 lakh payout to homebuyers for delayed possessionKarnataka RERA has ruled that landowners are also considered promoters under the RERA Act. This decision came after homebuyers filed a case...
Bengaluru homebuyer wins Rs 29 lakh and interest compensation after builder delays flat possession by nearly 4 yearsA Bengaluru homebuyer has won a significant victory against a builder. After a lengthy delay in getting possession of their apartment, the ...
Bengaluru homebuyer to get Rs 70 lakh from builder due to three year delay in possession; Know how RERA law helped him win the caseA Bengaluru homebuyer secured a victory against a builder in the Karnataka RERA tribunal. The builder failed to complete the apartment proj...
RERA Impact: Builder asked to pay Rs 2.56 crore compensation and foreclose homebuyer’s housing loan due to 7-year delay in possession of flatRERA: A homebuyer who took home loan to buy an apartment in Bengaluru faced challenges when the bank started charging the EMIs but construc...
Supertech homebuyers staring at uncertain futureMore than 25,000 homebuyers face delays as the Supreme Court stays an order appointing state-owned NBCC to complete stalled Supertech proje...
Bengaluru Homebuyer gets Rs 7.12 lakh compensation for delaying possession under RERA; Know your rights under RERABengaluru: Karnataka RERA has ordered payment of Rs 7.12 lakh interest to a homebuyer of Shriram Blue in Bengaluru. This order after the bu...
Housing ministry asks state RERAs to set recovery mechanism for homebuyers’ refunds“It is a major concern that homebuyers across India are facing challenges in getting their refund orders enforced. We gave our report after...
Homebuyers’ body urges Housing Ministry to act against realty projects’ timelines extensionIt has urged the ministry to direct these states to withdraw their notifications granting such extensions provided to developers arbitraril...
Karnataka under pressure to follow Maharashtra in stamp duty cutsMaharashtra levies a duty of 5% in urban areas and 4% in rural areas. It has cut the same by 3% for transactions up to December 31, and by ...
Karnataka Real Estate Regulatory Authority extends project deadline by six monthsFollowing the central government’s advisory, it has classified the COVID-19 pandemic as force majeure and has also extended the time limits...
Homebuyers’ body FPCE, MP Rajeev Chandrasekhar oppose 6-month extension for project completionAmong the state authorities, Maharashtra, Karnataka and Uttar Pradesh have extended the project completion deadlines by 3 months, while Mad...
Karnataka plans forum to sort out disputes between home buyers and promotersFollows Maharashtra and Uttar Pradesh; move expected to cut down number of complaints under RERA.
Home buyers left in the lurch for compensation under Karnataka RERALacking powers to enforce its orders, RERA has referred the cases to deputy commissioners of districts, asking them to auction properties o...
RERA, GST likely to make co-operative society sites costlier in Karnataka"The dream run of cooperative housing societies, which made hay during the property boom in Bengaluru and other major cities of Karnataka, ...
RERA: Existing buyers fear Karnataka government may not protect their interestsAlthough Karnataka was the first state to notify the draft rules last year, it’s yet to come out with the final rules and set up a state-le...