Karnataka RERA issues 477 notices to promoters so far

InvestigationBy Rohit Sharma

KARNATAKA

Karnataka Real Estate Regulatory Authority has issued 477 notices to those promoters whose projects are not registered with the regulator and are under investigation.

According to the official website of Karnataka RERA, “Till now, 447 projects are under investigation and more projects may be added or deleted based on replies received from the promoters.”

As per the Real Estate (Regulation and Development) Act, 2016 any ongoing or new real estate project (residential, commercial, plotted development/layout, villa or mixed development) with more than 8 units or above 500 sq.mt of the land area need to be registered under RERA.





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