Ahead of the government’s plans to roll out the Karnataka Apartment Bill, 2025, a proposed law aimed at safeguarding the rights of apartment owners and residents, Bengaluru homebuyers have written to the state government seeking urgent action on long-pending regulatory gaps. These include clarity on the competent authority for registering resident welfare associations, the mandatory […]
The Maharashtra Real Estate Regulatory Authority (MahaRERA) announced on November 22 that it has formulated a Standard Operating Procedure (SOP) to expedite the recovery of compensation from developers in a time-bound manner for aggrieved homebuyers. The compensation is recovered from the developer due to various defaults. MahaRERA update: The real estate regulator has said that […]
