KRERA orders BDA to register long-delayed Nadaprabhu Kempegowda Layout project

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 […]

KRERA restrains lender from seizing Bengaluru homebuyer’s mortgaged flats, says coercive action violates RERA’s spirit

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 ) […]