The Karnataka Real Estate Regulatory Authority (KRERA) has directed Bengaluru-based developer Golden Gates Properties Ltd to pay ₹1.08 crore in delayed interest to a homebuyer for failing to deliver possession of an apartment in Presidential Tower, one of Bengaluru’s tallest residential projects, standing 161 metres high with 50 storeys. The Karnataka Real Estate Regulatory Authority […]
The Karnataka Real Estate Regulatory Authority (KRERA) has said that the Bengaluru Development Authority (BDA) qualifies as a ‘promoter’ under the state’s RERA Act. The authority directed the BDA to register its Nadaprabhu Kempegowda Layout project, which has been under development since 2014, and to upload all relevant documents, including layout plans and approvals. Karnataka […]
The Karnataka Real Estate Regulatory Authority (KRERA) has restrained a finance company from taking possession of flats purchased by a homebuyer in a mortgaged Bengaluru project, thereby protecting their ownership rights. KRERA has barred a lender from seizing flats bought by homebuyers in a mortgaged Bengaluru project, safeguarding their ownership rights. (Representational Image) (Unsplash ) […]
