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29/08/2024

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Karnataka RERA news: Retired IAS officer Rakesh Singh appointed new K-RERA chief Rakesh Singh, who is replacing H C Kish...
28/08/2024

Karnataka RERA news: Retired IAS officer Rakesh Singh appointed new K-RERA chief Rakesh Singh, who is replacing H C Kishore Chandra, has around 35 years of experience of working in the BBMP, BDA and Urban Development Department The Government of Karnataka has placed retired IAS officer Rakesh Singh at the helm of the state’s Real Estate Regulatory Authority as its chairman. The position fell vacant earlier this year after previous chairman H C Kishore Chandra completed his term.In the interim period, the state government had issued an order appointing Naveen Raj Singh, principal secretary, housing department, to officiate as the acting chairman of K-RERA.

Singh’s appointment comes after the Karnataka High Court earlier this month passed an interim order restraining Naveen Raj Singh from officiating as acting chairperson of the regulatory body with immediate effect. There is no provision in the rules for an officer of the state government to be nominated to fill the vacancy, the court observed. The senior-most member of K-RERA shall continue to be the in-charge chairperson of K-RERA until the vacancy is filled by a fresh order of appointment, the court had ruled.

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22/08/2024

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22/08/2024

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Facing RERA project delays? Our legal team can help. We specialize in securing extensions for real estate developers. Ou...
19/08/2024

Facing RERA project delays? Our legal team can help. We specialize in securing extensions for real estate developers. Our experts navigate complex RERA regulations, prepare necessary documents, and represent you in the extension process. Avoid penalties and protect your interests. Contact us for expert RERA project extension assistance.
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18/08/2024

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People usually prefer quality, trusting relationships. And through the years in business, we have established a relation...
12/08/2024

People usually prefer quality, trusting relationships. And through the years in business, we have established a relationship with our clients who are happier and more than satisfied with the services we provide. SOLUTIONS
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Karnataka RERA orders homebuyers to take over and complete delayed Bengaluru projectThe residents' welfare association (...
11/08/2024

Karnataka RERA orders homebuyers to take over and complete delayed Bengaluru project
The residents' welfare association (RWA) had approached the RERA authority stating that the project remained incomplete eight years after construction commenced.
The project located in Anekal has 73 villas along with 6 economically weaker section units.
In a rare case, Karnataka's real estate regulator has ordered homebuyers to take over a delayed luxury villa project from the developer and complete the construction.Invoking section 8 of the RERA Act, which allows resident welfare associations to take over a project, the Karnataka Real Estate Regulatory Authority (KRERA) noted that the developer, LGCL Urban Homes LLP, has failed to hand over possession even after 10 years.

Bengaluru has over 26,030 delayed projects, worth over Rs 28,072 crore, that are running behind schedule. Previously, KRERA Chairman Kishore Chandra had said that homebuyers can approach the authority to take over and complete delayed projects themselves. You can read that report here

High Court urges swift appointment of Karnataka REAT chairpersonBENGALURU: The declaration of Lok Sabha elections seems ...
10/08/2024

High Court urges swift appointment of Karnataka REAT chairperson

BENGALURU: The declaration of Lok Sabha elections seems to have affected the process of appointing the Karnataka Real Estate Appellate Tribunal Chairperson, which has been vacant for the last 10 months. The learned Advocate General’sopinion on the announcement of elections is viewed as an impediment to executing .orders passed by the High Court.

However, the High Court has directed the State to initiate the process of identifying and appointing a member to fill the ensuing vacancy and also the .constitution of the Tribunal without any delay.

Reforms, initiatives helping transform an industry plagued by problems The Indian real estate market has seen noticeable...
07/08/2024

Reforms, initiatives helping transform an industry plagued by problems The Indian real estate market has seen noticeable growth in sales, sustainability, consumer confidence, and job creation over the past few years. Between 2014 and 2023, 2.82 million units were sold in India’s top 7 cities, with cumulative new launches surpassing 2.93 million units, as indicated by various reports. Similarly, jobs in the sector surged by 31 million, reaching 71 million in 2023.

Industry experts attribute this growth to pivotal structural reforms like the Real Estate (Regulation and Development) Act, 2016 (Rera), Pradhan Mantri Awas Yojana (PMAY), and the Special Window for Affordable and Mid-Income Housing (SWAMIH) fund.

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