The Karnataka Real Estate Regulatory Authority has cleared the confusion over the penalty for late registration of ongoing projects by issuing a notification on 1st December 2017.
The Indian real estate sector has witnessed a rapid growth in the graph of Indian economy. People from rural areas are shifting to urban areas to find better living opportunities, resulting in the increase of disposable incomes and demand for all forms of real estate in the country.
Taking a step forward to implement the Karnataka RERA rules in a full-fledged manner, the state government will soon notify the Agreement-for-Sale, which was missing in the notification of the Karnataka Real Estate (Regulation & Development) Act.
The Karnataka Real Estate Regulatory Authority has issued notices to 130 real estate developers in the state who have failed to register their ongoing projects with the Karnataka RERA, by the given deadline of 31st July 2017.
The Karnataka government launched the website for Karnataka Real Estate Regulatory Authority yesterday.
The Karnataka state government notified the Karnataka Real Estate (Regulation & development) Act, RERA on Monday.
After a massive delay in implementing the Real Estate (Regulation & development) Act, RERA, the Karnataka state government on Wednesday approved the much-needed real estate reform.
Bharatiya Janata Party (BJP) has warned the ruling Congress Government in Karnataka to stage a protest if the state government fails to notify and implement
Aggrieved over the delay in implementing the Karnataka Real Estate (Regulation & development) Act,
Adding many loops to delays in implementing the Real Estate (Regulation & development) Act (RERA) in Karnataka, the state government is finally ready with the rules and may notify it by June 30th, 2017.
The Real estate buyers and realtors in Karnataka are facing dilemma caused due to the delay in notifying the Real Estate (Regulation & development) Act by the state government.
Concerned about the delay in the implementation of the Real Estate (Regulation & development) Act, RERA in Karnataka
The citizens of Bengaluru voiced against the government for the delay in notifying the Real Estate (Regulation & development) Act, RERA in the state.
Mr. Rajeev Chawla, Additional Chief Secretary of Karnataka Housing Department got transferred on Thursday, a few days ahead of final notification of the RERA rules.
The Karnataka government will notify the Real Estate (Regulation and Development) Act by 1st May 2017.
If you are planning to buy a site in a layout in and around Bengaluru, you must check out for its legality before proceeding.